Insurance for Convention and Trade Show Organizers

This industry is involved in the management, organization, and promotion of meetings, shows, and conventions. Establishments in this industry may also market and promote convention sites and assist organizations utilizing the convention spaces.

You need insurance to protect your business from a variety of risks that could potentially destroy your business financially. An employee could become injured on the job, your property could be damaged by a fire or vandalism. It could suffer a contractual breach.

For these reasons, it is important that you protect your business assets and one of the ways to do that is to make sure that you are insured.

We live in a society of unforeseen situations resulting in lawsuits and liability claims. Without insurance, your business could fold. All it takes is just one accident to put all your business and personal finances down the rubble. Here are some of the risks your business could face:

• Your property could be destroyed by fire, vandalism, flood and natural disasters.
• A disgruntled employee could file an employer malpractice lawsuit for discrimination, failure to promote and even failure to hire.
• A customer could slip on site, during your event, suffering serious injury. They could file a slip-and-fall claim when they feel medical compensation is not enough.

There is really no fixed cost for a business insurance policy. The insurance carrier needs business details to understand what insurance policies will be essential. Without taking into account the size of your business, the number of employees you have and other factors, below are the average costs of a business insurance:

• General Liability insurance costs around $500 in the annual premiums.
• Commercial Property insurance cost $500 in the annual premiums.
• Business Owners Policy (BOP) is around $900 in the annual premiums.