Event Insurance Dubai

What is Event Liability Insurance?

An event requires extensive planning and involves numerous small elements to be taken care of. From budget planning to setting up the venue, the list is endless. More often than not, we spend a lot of money planning events like concerts, weddings, and music festivals. However, these events could be abruptly cancelled or postponed for unexpected reasons.

To prevent any financial loss, you must protect the investments you made for such events. This is where an Event Liability Insurance plan comes into play. The insurance offers comprehensive protection against financial losses incurred in an event.

Who Needs an Event Insurance Policy?

Many believe that event insurance is only for corporate and large-scale events. However, this is not the case. Anyone organising a gathering or event should consider this plan —

• Individuals
• Wedding planners
• Business owners
• Corporate event organisers
• Nonprofits hosting fundraisers
• Small businesses organising promotional events
• Event managers, and more

Why Get Event Liability Insurance?

You may face several risks and challenges while organising an event. For instance, if someone gets injured, you may face the resulting liability. Similarly, if an event gets cancelled due to an unforeseen event, you can incur losses from bookings.

To go ahead with peace of mind, event liability insurance is crucial. Some of the key reasons for choosing this policy are mentioned here —

• In case of cancellation and postponement, you can get a financial buffer 
• Costly lawsuits arising from third-party liabilities can bring hefty losses — your policy can cover you in such cases. 
• Damage or loss of equipment and supplies is also covered, which ensures you are not held liable for such expenses
• Considering that many venue authorities require this coverage, you can easily fulfill the requirements
• If you are an event planner, this improves your brand credibility and builds trust among people

Common Risks Related to Events

Here are some common risk factors related to events —

• Event cancellation and postponement 
• Public liability
• Coverage for prop and other equipment
• Personal accident and more

With an event insurance policy, you can easily get coverage for the risks listed above (and many more).

Major Inclusions of Event Insurance

Here are the inclusions of Event Insurance –

• Protection against damages resulting from the cancellation of any event. The additional expenses to prevent or lessen a loss that the policy would have otherwise covered are also compensated under this section.
• Offers protection for third-party liabilities (physical harm and property damage) brought on by accidents occurring on the event's premises.
• Coverage for loss or damage to props, sets, stages, and equipment resulting from fire and other allied perils.
• Compensates for bodily Injury that causes the listed individuals to pass away or become disabled during the event.

Major Exclusions of Event Insurance

Here are the exclusions of the Event Insurance Policy –

• Earthquakes, volcanic eruptions, flooding, thunderstorms, typhoons, hurricanes, storms, cyclones, tornadoes, and other similar natural calamities and atmospheric upheavals.
• Malicious, deliberate, or willful violation of any statutory requirements.
• Fines, penalties, exemplary damages, or any other consequences that multiply compensatory damages or result from criminal liability.
• The consequences of a war are foreign enemy acts, invasion, hostilities, revolt, civil war, revolution, insurrection, terrorism, etc.
• Ionising radiation or contamination by radioactivity from nuclear wastes generated during the combustion of nuclear fuel.
• Claims involving any motor vehicle or trailer that is momentarily under the insured's care or control for parking.
• Other than premises temporarily occupied by the insured for work, damage to property owned, leased, hired, under hire purchase, on loan to the insured, or otherwise in the insured's care, custody, or control.
• Loss or damage of the guests' clothing or personal belongings.

Event Liability Insurance Add-Ons

While an event insurance policy can cover most risks, insurance companies offer an extra layer of safety with add-ons. You can choose them as per your requirements and include them in your policy for an additional premium. Some of the common add-ons include —

• Alcohol liability 
• National mourning cover 
• Non-appearance of the key person and so on

✍️ The inclusions, exclusions, and add-ons listed above are for reference only. They may vary as per the plan and the provider. Before proceeding with a policy, review the coverage.

What Affects the Event Insurance Cost in the UAE?

Event insurance cost is determined by various factors. Find below the major ones —

Event Duration

Insurance for a one-day event is more affordable than that for long events (running for weeks or more). The longer the duration, the higher the risk.

Number of Attendees

As the number of participants or attendees at an event increases, the insurance premium rises due to increased liability.

Event Type

A music event with a huge crowd or an event involving hazardous activities costs more than a business conference. As with all other factors, the premiums rise as per the risk factor.

Location

If the event location is in a high-risk area, the insurer will charge you a higher premium.

Why Choose Policybazaar.ae for Event Insurance Policy?

Policybazaar.ae is a trusted name for business insurance in the UAE. You can confidently rely on us for the best event liability insurance. When you get a policy through our platform, here’s what you get —

• Comprehensive Coverage - With the top event insurance plans on our platform, your gatherings stay protected- from small meetings to grand celebrations. With us, you get comprehensive coverage for your unique needs at affordable rates.
• Plans from UAE’s Top Insurers - We partner with the UAE’s leading insurance providers, giving you access to a wide range of plans from multiple insurers — all in one convenient platform.
• Expert Assistance - Not sure which plan is right for you? Our team of experts will guide you in selecting the coverage that best fits your business needs.
• Affordability & Transparency - With us, what you see is what you get — transparent, comprehensive coverage designed to fit your budget without any hidden surprises.

How to Buy Event Liability Insurance in the UAE?

Purchasing event liability insurance is easy with Policybazaar.ae. You can easily buy the plan online in a few easy steps —

• Click the button below to access the form
• Fill it out with the necessary details about your business 
• Submit it and wait for a call from us
• Our expert will connect with you and discuss your requirements

You will get a customised solution with the best event insurance policy for your event!

Things to Consider While Getting Event Liability Insurance

To get the best event coverage in Dubai or any other Emirate, take note of the following points —

✨ Start by assessing your business’s unique needs and the potential risks associated with the event you plan to organise

✨ Compare different insurance plans along with their inclusions, exclusions, add-ons, and more

✨ Look for reputed insurers with a good claim settlement ratio — this can save you from hassles while claiming

✨ Don’t overpay for unnecessary add-ons, but don’t take the risk of underinsurance either

Steps to Make an Event Insurance Claim

Follow the steps below to file an event liability insurance claim —

• Immediately inform your insurer about the incident.
• File a complaint at the nearest police station in cases involving third-party liabilities, damage, or destruction. Get a copy of the report. 
• Submit the necessary documents to the insurer, including policy details, the police report, evidence, and any additional supporting documents.
• The insurer will assess the loss and damage. 
• Based on this evaluation, you will get the appropriate compensation. 
• After the approval, you can get the claim amount directly into your account.

Frequently Asked Questions

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