Articles

Event Insurance

 

tfconnect are an Introducer Appointed Representative (IAR) of InEvexco Ltd who are specialist insurance brokers to the exhibition industry.  InEvexco was recently acquired by a major US insurance broker in recognition of InEvexco's success in our industry.   

With many industry businesses now back at, or beyond, pre-Covid levels, many organisers are now turning their attention to 'added value' ancillary products and services. 
 
InEvexco offer a number of insurance products to the Event Industry. One of these provides the Event Organiser with tailored cancellation / abandonment and liability cover at a competitive price. There are extensions available to cover Terrorism, National Mourning and Riot / Civil Commotion risks.

Another policy allows organisers to offer package cover to their exhibitors so they can satisfy their Terms and Conditions within the Stand Booking contract as well as providing some additional valuable covers. The list of benefits of this policy include the following: -

• The policy is designed to meet the Organisers(and the venue’s) T’s & C’s with additional benefits to Exhibitors
• These benefits include Exhibitor Expenses should they have to cancel their participation at the show for a reason outside their control and Exhibition Property to cover any items they are bringing to the Exhibition(including in transit to / from the venue)
• In the event of an exhibitor claim, the Organiser retains the stand fee and the insurance pays the exhibitor.... it makes the re-booking exercise much easier!
• It is 'cash flow positive' –an Organiser collects the fees before they have to pay the premium
• Many Overseas Exhibitors struggle to source the right cover, so this is an easy way for them to comply with the Organiser’s T's & C's
• Current participation rates are circa 63% in the UK (taken from 2022/23 data) – Shows in Asia are significantly higher
• This tailormade system is easy to operate and can generate a healthy revenue stream to help pay for the extra administration involved

Here's a list of just some of the organiser clients of InEvexco:-

• Informa
• Hyve
• CloserStill
• Diversified Communications
• Nineteen Events
• Clarion
• Ascential

 

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