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Protect Your Company For Mishaps With Leisure Insurance | Main eInsurance

Protect Your Company For Mishaps With Leisure Insurance

by maineadmin on October 22, 2011


Leisure insurance is vital for any business. If you have numerous colleagues, acquaintances and members of the public at a leisure event you’re hosting or sponsoring, then you’ll need this type of liability insurance. Taking part in leisure activities is so much fun for all that are involved but the risk of accidents or problems occurring increases with the level of activity that goes on.

If you find yourself with dangerous leisure activities, such as theme park rides, many people being close to machinery or electrical items, or if there are sporting events happening, then the risk of injury is high. With this risk, your business can come under threat of court cases and being sued, which is why it’s important to not only have the correct insurance but that it is of suitable value. In many cases, leisure insurance will cover public liability up to around £1 million but if more is needed then a bespoke service would be required.

Businesses that hold events for charities, their own promotion of their goods and services or ones that endorse a sporting event need to be insured. If the doors are open to the general public, then there could be hundreds or thousands of people that pass through the gates and each one of them is at risk of injury, especially with leisure activities being available. If there is a risk, then the company will be held responsible and an investigation will be made into the cause of the accident, and if the company would be made liable. This is where being thoroughly insured for any eventuality is important.

Ensure the insurance available will cover any leisure activity that is being held at the event. Buying the insurance in advance and double checking with the insurance officer about each and every aspect of the leisure event is a good idea to cover yourself for any eventuality.

Leisure insurance is very useful for business owners and companies that regularly host events. All business events have to be fun and unfortunately, with fun comes the risk of injury or damage to equipment which the company would be liable for. Without insurance, the company is at risk of hefty fines and possible incarceration for the owners for negligence, so it doesn’t bear thinking about not insuring the company for a leisure event. Remember to insure the event for as much as possible, because the damage costs can soon mount up.