Insurance

Does anyone have information about insurance when holding a training event for customers?

Gail Lovely co-founder at Suddenly It Clicks!

October 13th, 2016

If you hold an event for customers to do a training at a site not owned by you do you buy insurance? What kind of insurance and about what does it cost? 

Michael Mead Captive Consultant and Advisor, Editor of CICR

October 13th, 2016

Yes. You must purchase the coverage independently. Cost depends on size and nature of the event.

Charlie Downey President & CEO at Downey Insurance Agency, Inc.

October 14th, 2016

You Guys.  nice responses...( Ins professionals)  But goes under tttq ( too technical to quick)  This isn't Hard stuff.  (depending upon factors of course)  - But  standard everyday stuff for Insurance pros. 

John Barley Insurance Broker | Risk Management Expert | Organisational Health Coach

October 13th, 2016

Check out the terms and conditions of hire of the room . Yes you need you need to have  Public Liability Insurance but you should also check with the owners of the property what level of indemnity they require. No point in buying a cover for $1,000,000 and they require $10,000,000. If something should happen and you were found at fault then the property owners insurers will bankrupt you .Also please note the indemnity limit should also take into account the legal costs of defence. The policy covers this cost as well as the claim made against you. Bottom line though read the terms of the contract before you sign

     

Charlie Downey President & CEO at Downey Insurance Agency, Inc.

October 13th, 2016

hey Guys.  Insurance pro thirty years here.  we write all over the country. your general Liability will follow you for temp space. even space at a trade show or even at a clients office. ( within covered territories - of course) the insurance policy is really thick and convoluted. seek out an insurance agent for real advice and direction. not cookie cutter web based  designs.  there are always future looking Insurance  implications on Biz models, exposures, etc.   would be glad to help. From all of us here at National Insurance Group / Downey Insurance Group 

Josh Kirschner Founder & CEO at Techlicious

October 13th, 2016

It's a wise idea to have "General Liability" insurance for your company. It will protect you if one of your employees or clients gets injured in your workplace, among other things. It may also cover you for offsite events, though you should check with the carrier to verify this.

I've seen many small companies who aren't covered by G&L. However, the policy cost is not that high and it could literally save your business in the unlikely event something unfortunate does happen.

If you want to explore quotes, I've used Insurance Bee as a broker and found them very easy to work with.