Protecting Against Uncertainty in the Events Sector

If you work in the events sector, then you know how unpredictable things can become. Technical hiccups, safety precautions and even last-minute act cancellations can throw massive spanners in the works when it comes to running your events smoothly and successfully. And with risks like that also comes financial risks too, as any difficulty in delivering the event could mean a significant loss in income. So what are the most common risks that the events sector faces, and how can an insurance broker like The Yorkshire Broker help?

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Crowds

Crowds are a part of putting on events, no matter how big or small they are. Some events will be much easier to manage crowd-wise because they’re much smaller and take place in venues that already have risk assessments and crowd-management policies. However, if you’re running an event like an outdoor festival, you need to consider a range of implications to help manage crowds, prevent crushing and overcrowding, and have entrance and exit strategies in place to get attendees in and out of the venue safely.

Event Equipment

If you’re running an event like a music festival, especially if it has multiple stages, a lot of equipment is required. Microphones, PA and sound systems, large screens. And that’s before we even get onto the equipment that’s required for the rest of the infrastructure around the venue. There are many risks associated with equipment; a lot of wires will mean potential trip hazards, and if the equipment is hung from a height, risks should be mitigated to ensure that it’s safely installed and operated.

Weather

Some events are only safe to run in certain weather conditions. This could be a music event, a sporting event or even an air show. Having bad weather events like heavy rain, high winds and thunderstorms could mean you have to scale back your offering, or even have to cancel the event altogether. For larger events these will be impossible to rearrange, so refunds would be likely. As there’s nothing you can do to prepare for extreme events, it’s best to have a policy that includes weather protection.

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Protecting Against Uncertainty in the Events Sector

Insurance Made Personal

Crowds

Event Equipment

Weather

Insurance Made Personal

Products

Industries

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