Events Liability
Protect businesses that are involved in organising or managing events.
High attendance figures and highly complex large event operations will result in unpredictable results. When, because of unforeseen circumstances, you have to give up an event, what happens to people who have paid tickets for two or three days? Refunds could wipe out your profit or even push you into loss.
It’s not easy to insure against all these different risks. Property damages and threats of personal injury or even death are present. There are vendors, subcontractors, their staff, members of the public, and property belonging to all of these individuals, as well as the location you’re putting on the event. You can also be legally liable as an event manager for items contractors and subcontractors are doing. You may be put out of business by a serious accident.
There will still be threats, even if you’re running a small case. And the smaller your shoes, the worse an accident’s effect might be. A family wedding should be a fun affair, but if two guests get into a fight and furniture is destroyed, the happy couple’s day won’t just be ruined-their parents could end up paying for it.
What Does It Cover
Events Liability
Protection against situations where you may be found liable for property damage or personal injuries.
Events Cancellation
Protection against an event being cancelled due to unforeseen circumstances.
Events Abandonment
Protection in case an event is abandoned due to unforeseen circumstances.
EXCLUSIONS
There are certain conditions whereby the benefits under this plan will not be payable. You can refer to your policy contract for the precise terms, conditions and exclusions of the plan. The policy contract will be issued when your application is accepted.
IMPORTANT INFORMATION
Policies are yearly renewable, subject to the agreement of the Insurer. Premiums payable for these insurance policies are not guaranteed and may change at Policy Renewal Date at the Insurer’s full discretion.
All benefits and features mentioned herein are subject to terms and conditions of the policy. You must refer to the Policy Contract for the precise terms and conditions of this insurance plan.
Note: Buying a life and/or health insurance policy can be a long-term commitment. An early termination of the policy usually involves high costs, and the surrender value payable may be less than the total premiums paid. You may wish to seek advice from a financial adviser before making a commitment to purchase the product. In the event that you choose not to seek advice from a financial adviser, you should consider whether the product in question is suitable for you.
Policy Owners' Protection Scheme
This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact us or visit the GIA/LIA or SDIC websites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg).