Cancellation and Public Liability Insurance
Event Insurance
There are many reasons that you should look into insuring your
event. These include: Cancellation and Abandonment; Public
Liability and property damage. These are explained in more detail
below.
Principal Hayley is an Introducer Appointed Representative (IAR)
of Hiscox. We are not permitted to advise you on any insurance
matter. You are under no obligation to purchase insurance from
Hiscox and may choose to seek a quotation from other
providers.
How can I arrange this
cover?
To arrange public liability or cancellation and
abandonment cover, simply print off and complete the
proposal form, then send it to Hiscox along with
payment. Subject to acceptance criteria being met, Hiscox will then
start the cover and send you the policy documents.
Please note that Hiscox cannot put cover in place until you have
signed the venue contract.
More details on the cover
available
· Public Liability Insurance protects
you against legal claims for accidental injury to third
parties and/or for damage to third party property.
You may already have Public Liability Insurance , however not
all business policies cover events taking place outside your
business premises. If in doubt you should consult your insurance
provider. Please note that Principal Hayley's terms and conditions
require event organisers to hold a minimum £2,000,000 limit of
Public Liability Insurance.
· Legal Liabilities - this
provides financial protection if the insured party faces
a legal claim from a member of the public for personal injury or
damage to property (public liability) or an employee for injury
sustained whilst working at the insured event (employers'
liability).
· Cancellation and abandonment – cover for
loss of expenses if the event has to be cancelled, abandoned,
postponed or relocated, due to circumstances beyond your control.
Cover for lost profit is also available as an optional extension.
Only when profit is insured the policy is extended to include cover
for cancellation and abandonment in circumstances where 85% or more
of the expected attendees are unable to attend due to the same
unexpected cause that is entirely beyond their and your control,
and is not excluded by our policy.
· Property Damage -
protection against the physical loss of or damage to
property. Property hired specifically for the event would
probably fall outside the cover offered by a standard business
property insurance policy.
The Key Facts policy summary
document and policy wordings below explain what is
and what is not covered.
What sort of events can arrange cover using the
pre-priced form?
The form is designed for events that fit the
following criteria:
· Events that are run by
businesses, societies, charities, associations and other
organisations. The form cannot be used for private events /
celebrations (e.g. weddings / birthday parties).
· The event budget must not
exceed £100,000.
· The organisation running the
event must be located in England, Wales or Scotland
If you do not fit the criteria above should
call Hiscox on 0845 213 8444 to arrange a quote. Please mention
that you are a client of Principal Hayley.
Please note that Hiscox is not able to offer
cover for:
· Weddings with a budget of
less than £50,000
· Individual or group room
only bookings.
· Organisations that are
located in certain territories (determined by Lloyd’s Licence)
Principal Hayley is an Introducer Appointed
Representative (IAR) of Hiscox. We are not permitted to advise you
on any insurance matter. You are under no obligation to purchase
insurance from Hiscox and may choose to seek a quotation from other
providers.