Event Liability Insurance South Africa
Cover for Event Organisers, Corporations, and Small Businesses - Fully Online, Fully Covered
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What is Event Liability Insurance?
What Does Event Liability Insurance Cover?
Why Is Event Liability insurance Important?
Event liability Insurance is important because it helps protect event organisers from financial losses that can result from accidents or injuries that occur during an event. Without this type of insurance, event organisers could be held liable for damages or injuries caused by the event, which could be financially devastating.
Event liability insurance is also important for a few other reasons:
Legal Compliance: In many cases, event liability insurance is a legal requirement for event organizers in South Africa. This is especially important for event organisers who need to present their events at the Joint Operations Committee (JOC) for approval.
Financial Protection: Event liability insurance provides financial protection against such losses, ensuring that the organizers are not personally liable for these costs.
Risk Management: By having event liability insurance, organizers can mitigate the risks associated with hosting an event, such as accidents, equipment damage, or third-party property damage.
Venue Requirements: Many venues in South Africa require event organizers to have liability insurance as a condition for renting the space.
Attracting Clients: Especially for corporate clients or large-scale events, having comprehensive event liability insurance can be a prerequisite.
What Additional Coverages are Included?
Standard extensions for Event Liability Insurance are additional coverage included in the policy beyond the basic scope provided. These extensions provide broader protection for a professional against a more comprehensive range of risks, helping to ensure that they are adequately covered in the event of a loss or accident. Some of the types of coverage included are:
Claims Preparation Cost
Statutory Legal Defence Costs
Wrongful Arrest And Defamation
What is not covered?
A detailed list of exclusions is noted in the policy wording. This includes but is not limited to:
- Dangerous activities.
- Specific risk exceptions, for example: fireworks, bonfires and pyrotechnical devices; persons riding on animals, shooting ranges, marine and water activities etc.
- Infectious disease/epidemic/pandemic.
- Cyber loss.
Considerations When Taking Out An Event Liability Insurance Policy
When taking out a policy, there are several important factors to consider.
Why choose Bi-me?
Online Quote & Cover
Industry Leading Services
Paperless, Online Purchase
Instant Certificate of Cover
For event organisers looking for robust insurance solutions, Bi-me stands out as a premier choice. The policy is meticulously crafted to safeguard against the myriad of risks inherent in event planning. This includes coverage for a wide array of potential issues, ensuring that event planners can operate with peace of mind, knowing they are protected against the diverse challenges they might face in their dynamic field.
With Bi-me, you can get your Certificate of Insurance in less than 10 minutes