Insurance
Event insurance
Here at NZEA, we want to stress the importance of having event insurance in place. Early 2023, saw weather events in New Zealand that were catastrophic, causing the cancellation of a large number of events.
We strongly suggest event promoters and industry professionals consult with an experienced insurance intermediary to discuss their specific insurance needs and to ensure that they have the appropriate coverage in place. By doing so, they can have peace of mind knowing that they are financially protected in the event of an unforeseen circumstance that may cause their event's cancellation.
NZEA have joined forces with Crombie Lockwood to provide you with unparalleled advice and exclusive access and rates for event insurance.
Crombie Lockwood, have been a household name providing the highest level of insurance advice for over 40 years. Exclusive to NZEA members is a 10% discount on any insurance policy placed through Crombie Lockwood.
As part of this collaboration, you will also have direct access to one of their more senior brokers, Damian Nettman, who possesses extensive knowledge in the events sector. Damian will be readily available to address any insurance-related inquiries or concerns you may have, ensuring that you receive personalised assistance and expert advice.
Additionally, we are delighted to inform you that EventCover has introduced a policy, called "Communicable Disease and Enforced Reduced Attendance Cover”. Communicable Disease Event being defined as the introduction of a new, or the amendment of any existing Government Restrictions during the Period of Insurance as a direct response to a Communicable Disease. The added ERA extension would kick in when an event was able to proceed but the government restrictions meant that they had to cancel due to the enforced limitation in attendance or participation numbers.
This is exclusive to NZEA members via EventCover and terms can be provided within 45 days of the event.
Don't miss out on this incredible opportunity! Take advantage of the benefits offered through this partnership and secure your event insurance with confidence.
Should you have any questions or require further assistance, please feel free to reach out to us directly at elaine@nzea.co.
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Event cancellation insurance is designed to protect event organizers, promoters, and sponsors from financial losses that may result from the cancellation, abandonment, postponement, curtailment, or relocation of an event due to unforeseen circumstances beyond their control. Such unforeseen circumstances may include adverse weather, natural disasters, power outages, strikes, or terrorism, amongst other things. Having the right event cancellation insurance policy in place, can minimize financial losses and protect investments in the event.
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Accidents happen, that’s why Public Liability policy covers your legal liability to pay damages to third parties who may have suffered property damage or personal injury as a result of your activities.
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This exclusive product via EventCover would cover the cancellation of the event due to a "Communicable Disease Event"
Communicable Disease Event being defined as the introduction of a new, or the amendment of any existing Government Restrictions during the Period of Insurance as a direct response to a Communicable Disease. The added ERA extension would kick in when an event was able to proceed but the government restrictions meant that they had to cancel due to the enforced limitation in attendance or participation numbers.
This can be purchased stand alone subject to acceptance of the risk or added to a standard event cancellation cover via EventCover.
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Ticket refund protection provides efficient, clear and speedy refunds by allowing you to extend your own terms and conditions of sale. This clarity benefits both you and your customers. There are no choices to take when booking, no additional enquiries and no uncertainty for your customer.
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Statutory Liability cover pays for the legal defence should you be prosecuted for an unintentional breach of almost any New Zealand Act of Parliament. If convicted, it will also pay your fines, except in respect of the Health & Safety and Employment Act, where indemnification is prohibited by law. However, cover for defence costs are included.
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Errors and omissions insurance covers costs of claims arising from copyright infringement, invasion of privacy, defamation and other specified contractual breaches.
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Prize Insurance ensures you are not at a loss should you hold, take part in or organise a prize give away. The policy allows he insurer to provide a solution against the risk that the prize will be won, with the insurance premium calculated based on the prize value and likelihood of a win.
The development of prize promotions can be shaped to meet your needs in line with any particular objectives, marketing channels, specific audiences, budgets and timelines. The most popular Prize Insurance offering is Hole in One Insurance.
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Is the event dependent on the attendance of a key person, speaker or group of people?
Non-Appearance cover can protect against the loss of revenue should they be unable to attend and the cause is beyond your control.
Insured Perils can include Death, Accident and Illness, and Travel Delay of the insured person(s).