This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
You’re here because you’ve realized you need event insurance and have questions. . This guide will walk you through everything you need to know: Why you need event insurance. The different types of event insurance. The cost of event insurance. And even obtaining a certificate of insurance for the event. .
I will break down the best ways to save money in an event AV contract without compromising your event. Through the extremely valuable web session conducted by Jon Trask, I will break down some key savings opportunities in an event AV contract. Many times event av contracts bill by hours or days. Equipment Insurance.
Experts offer tips and ideas for meeting professionals As the year slowly comes to a close, many financial and insurance meeting planners may be thinking about what they should be keeping on their radar. This entire year and last year there’s so much in flux on the insurance side, it’s really a dynamic time.
Post-Covid Contract Solutions.”. We’ll delve into a condensed review to address what and what not to include in your venue contract, as well as negotiation tactics and what can potentially trigger a force majeure. Local laws can impact your contract and your options for termination, recovery and liability, Sheaks explained.
Again, it depended on whether the applicable contract contained a force majeure provision and whether that provision was the “long” or “short” form (i.e. Read More : Flight Cancellations by the Thousands—Does Your Travel Insurance Cover the Cost? laundry list of specific events vs. broad catch-all language).
With the pandemic and public concern fluctuating in the midst of uncertainty, event planners and professionals are left with an enormous responsibility to prepare themselves, their guests and their contracts for whatever comes next. Event Contract Essentials in the Covid Era. But we’ve anticipated this. State laws are varied.
Additionally, the freelance marketplace is evolving with regulatory changes aimed at better worker classification compliance and providing freelancers with access to benefits like health insurance and retirement plans. SM What types of freelance meeting planner roles are most in demand?
Many hotel contracts mandate use of an in-house AV provider and contain clauses prohibiting use of other vendors or charge for the privilege of using the planner’s preferred vendor. Knowing this and other nuances associated with AV services contracting can help contain event costs and access to the optimum AV solution.
Thorough and appropriate contract coverage is a must. Hannah Kinnersley. Don’t let a series of unfortunate events derail your conference. Don’t let a series of unfortunate events derail your conference. read more.
The most common mistake Howe sees planners make is that they don’t read their contracts. Contracts are self-inflicted wounds,” he says. You have no rights or responsibilities unless they are in the contract.” You can’t insure against everything. Do Your Homework. The best practice is to instead have a back-up plan.”
With the full-on return of in-person events in 2023 a most welcome development—especially for associations who rely heavily on revenues from their annual meetings—one issue has gotten trickier for meeting hosts: event-cancellation insurance. Said the underwriter: “Covid changed the insurance market, and the changes aren’t done yet.”
Force Majeure Clauses As we all learned over the last three years, force majeure clauses focus on liability when unforeseen circumstances impact the ability for one or both parties to perform the contracted activities. However, the more vague the wording, the harder it will be for those looking to cancel or terminate an event contract.
Ever been hit with fees for using an outside partner after you have signed a contract? Not sure how to contract for WiFi service? There are many in-house audio-visual organizations throughout the country that have a very good reputation for being fair in contract negotiations with their clients. Disclose and Contract Early.
Insurance has become prohibitive, so having this Affordable Care Act option available is important to our members,” he said. A town-hall meeting at the conference identified other resources MPU could help secure, including limited liability insurance and streamlining IATA, CLIA and other travel agent certifications.
Koleen Roach, director of meetings and conference management at Securian Financial Group, led a panel of veteran explainers during Financial and Insurance Conference Professional ’s 2022 Annual Conference at Omni Boston Hotel at the Seaport. Once the contract has been signed, the tough talk doesn’t stop. By the Numbers. Jeff Calmus.
Planners: Do not sign venue contracts for event production, electrical services, internet access, and support services until you read the full document—especially if you are bringing in an outside audiovisual company for the event, which usually results in extra conditions and raises prices for certain elements.
A lawyer with 25 years of experience in hotel and group contracts, she doesn’t mince words when it comes to planners needing to take the steps necessary to handle any complications that might arise. In these cases, Delvin said, it all comes down to making sure the contract covers every eventuality. “A Lisa Sommer Devlin. Legal Risks.
Financial & Insurance Conference Professionals (FICP) brought 700 thought leaders together at JW Marriott Marco Island Beach Resort in Florida to prepare meeting professionals for whatever comes next with a call to reflect, discover and recharge.
Cassidy reported that financial and insurance companies were the first to see the value, but others have contracted as well when they saw how simple the program was to use. The post Out of This World Gifting appeared first on Smart Meetings.
Establishing the conference fee, contracting with the venue and locking the dates will require some effort. By offering refund insurance at a nominal rate, you can give each person peace of mind that they’ll receive their registration fee back in the case of an emergency. Sell refund protection.
In every contract, an Audio Visual (AV) quote is the piece of a vendor agreement that has the dollars attached to it that breaks apart the projected cost of different materials. Union rules may also apply – be aware of that when looking at venue contracts. Can you summarize the various areas of your contract? Compare Costs.
In every contract, an Audio Visual (AV) quote is the piece of a vendor agreement that has the dollars attached to it that breaks apart the projected cost of different materials. Union rules may also apply – be aware of that when looking at venue contracts. Can you summarize the various areas of your contract? Compare Costs.
Hotel Contract Clauses Planners Should Be Using but Probably Aren’t. “And a lot of times, as a supplier I’ve seen clients who just sign off on the contract and don’t ever look at what’s inside of it. . So this was a big deal”, she concludes. And that you really read it in detail.
Financial and insurance industry meeting planners face complex demands. Learn More: From Checkboxes to Strategy: Implementing and Leading Sustainable Event Practices Topics included AI adoption, succession planning, contract negotiations, neurodiversity affordances, transportation management and sustainable sourcing.
A streaming option can serve larger, more geographically diverse and executive audiences, act as a flexible insurance policy in the event a new threat grounds attendees while providing valuable data about behavior. She suggests not signing long-term contracts “because you don’t know what is going to happen.”.
Are you familiar with how union contracts work at this venue? Does your rental contract require me to add you to my liability insurance? Some equipment rental contracts require that renters add the rental vendor to their liability policies to protect the vendor in the event of accidents involving the equipment.
It was a big contract, which took six months of negotiations to come to an agreement. Before having my new company, I already had a one-year contract signed for our first project for a hotel company. I was lucky at that moment because I had very good clients—everyone paid the maximum and respected the contract.
The union’s members voted August 15 to walk off the job at month’s end if a new contract deal isn’t reached. Negotiating points include pay, pension reform, year-round health insurance, staffing levels and job security. The most recent threat, by Unite Here Local 1 in Chicago, could impact 30 hotels. Security Issues.
Are you currently planning an event but are not sure about whether you should get event insurance? Without further ado, let us begin with the basics: what is event insurance? What is Event Insurance? Event insurance is an umbrella term covering all kinds of insurance that provides liability coverage for an event.
Understanding things like event-insurance fine print and which areas of operation hotels get group revenue from will help planners become better at contracting and negotiating. With the Summer Olympic Games in Tokyo postponed to 2021 , some of the biggest insurance firms in the world are breathing an enormous sigh of relief.
The best way to do this is to know your legal responsibilities and liabilities and make sure the contract is suited to the type of venue, location, and event. For instance, travelers may be afraid of the Zika virus, but it won’t get you out of a contract. Look at the details of your cancellation insurance. .
Additionally, it provides helpful advice on legal requirements, insurance, and risk management that should be taken into consideration when preparing for an event. Does the Venue Include a Flexible Contract with “Force Majeure”? What about Insurance?
Above all, remember this key point that Brandt Krueger proposed in Event Icons Episode 44 that “Anything before the contract is negotiation. Anything after the contract is begging.”. We suggest you check the fine print before signing your contract to see if there is a fee involved for using those points. Negotiate payment terms.
As travel services manager for a 4000-employee business and personal insurance provider, Jenna Joswick thought she knew everything her online booking tool offered. Why is the relationship with your Travel Management Company the key to success?
But if you neglect to also spend a few minutes examining your special events insurance needs, you may be setting you and your organization up for legal trouble. And if you are planning to include interactive events and/or alcohol, you had better be thinking insurance. Think of your insurance as layers of protection.
Because the last thing you want to do is they say, “There are no restrictions,” and it’s not in your contract if there are any restrictions. A lot of times we assume that “Hey, I’m going to sign the contract. Can we add that onto our contract?” Here’s our insurance. Conclusions.
Thuy is a fan of COI or a Certificate of Insurance. “I use it maybe like every week asking for supplier partners to send their COIs additionally insured to us”, she explains. “The very first thing on the top of a legal contract is it defines who it is that they’re talking about.
As COVID has not completely gone away, what is your contingency plan if one of your team members, an employee or a speaker contracts the virus? Another factor is the insurance needs. Some countries request some insurance, with policies that allow for COVID coverage, and then we especially include the group restrictions.
However, as is the case when contracting with any meeting venue, think about what you are committing to before you sign the contract. Here are some questions that Grimes says planners should ask when contracting with cruise lines: • What is included and what’s extra? Can you count on the ship you book being the ship you get?
More specifically, DMCs are reevaluating their existing proposal, site-inspection, time tracking, contracting, payment, and procurement processes, as well as their overall pricing models. To achieve this, DMCs are working together to develop improved business practices and standards.
This third party’s responsibility is to oversee the transfer of ownership from seller to buyer according to the terms of the contract of sale. . Once the seller accepts your offer, the agent drafts a written contract of sale with all of the details, including the price and the timeframe for closing. . Why are escrow accounts used?
Hotels understand this, but what planners need to have is language in their contracts that the facilities will hold harmless and will defend the planner in any suits resulting from the service of alcohol,” he says. The contract should also specify that the hotel or venue will not serve a drink to anyone noticeably intoxicated or underage.
Make sure you plan for an emergency fund and insurance to cover these costs. Make sure you plan for an emergency fund and insurance to cover such unexpected events. Document all wedding-related purchases, vendors, receipts, and contracts so that you will know exactly what has been spent and where.
Does the venue include a flexible contract with “Force Majeure”? What about insurance? What is insurance for corporate events? What role does the venue play in the acquisition of insurance for the event? For larger and more complex events, be open to sending out invitations even a year or more ahead of time. testimonials?)
We organize all of the trending information in your field so you don't have to. Join 10,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content