The event insurance is often portrayed as the necessary evil. For performers and organisers the insurance is often an excuse to raise ticket prices. In 80s, many touring music bands tried to hide their outrageous ticket profits by blaming managers, who in turn used the insurance as the scapegoat. Well, the event insurance is costly. In some cases the event insurance is outrageous. However, it is the culture of the public liability and the awareness of our rights which increases the premiums of event insurance polices. In fact, the event insurance can be so complex that only specialised insurers offer them. Ok, so what is available?
Any major event should have the following (though not all points may fully apply for the particular performance):
There are few reputable event insurance providers in Australia.
Unfortunately, it is hard to judge the quality of their polices.
The main difficulty is to try to compare covers for different events.
There are many variables, which insurers consider before offering a quote.
Action Insurance Brokers are a good place to start your event insurance search.
They put together non-standard packages to suite most needs.
The great thing about Action Insurance Brokers is that they are not insurers.
They look for the relevant companies which specialise in the niche-insurance market.
Unfortunately, the event insurance is not popular and thus not competitive.
For this reason brokers are a better choice because they can offer multiple quotes for the same policy.
RGIB is another specialist in the event insurance.
They have an extensive experience in public liability.
The RGIB Special Event and Public Gathering Insurance is currently a popular choice for many Australian and New Zealand services.
The same applies to Marsh - Australia
Marsh provides the event insurance for almost all types of events and all types of participants.
Again, it is a broker (not an insurer) and thus it is able to offer substantial discounts
Unfortunately, there is no predefined price for the event insurance. The premiums are based on the risk management which considers many variables. The type of the venue, the number of people, the type of the entertainment, equipment, etc are all included in the assessment. Also, the history of accidents for the particular event plays an important role in shaping the final quote. The price can range from $300 for weddings to $500K for the fetes. You can also try some online operators which can search the competitive quotes for you.