Remove Insurance Remove Negotiating Remove Risk Management Remove Venues
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Event insurance: An event business’s secret to standing out in today’s crowded market

Planning Pod

In today’s competitive landscape, differentiating your event or venue business is crucial. Everywhere we look, there are new venues and event services sprouting like dandelions. It demonstrates proactive risk management By offering or requiring event insurance, you showcase your commitment to risk management.

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Preparation is the Key to Risk Management

Smart Meetings

Risk management is a dedicated preparedness rather than simply a mental exercise, according to Lisa Sommer Devlin, the most recent Smart Meetings webinar host. In her talk, “Risk Management 101,” she outlined strategies for dealing with the risks of the industry, as well as how to actively avoid them. Legal Risks.

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Event Contract Essentials in the Covid Era

SmartMeetings

Meeting professionals today are risk managers. The venue should agree to hold harmless, indemnify and agree to defend the group from asserted claims, judgments and liabilities from failure to comply with agreed-upon protocols and standards. There is always risk. If people won’t assume risk, then you can’t let them come.

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Budget Financial Meetings: Doing More with Less

SmartMeetings

Meetings in the financial and insurance sector require outside-the-box thinking. The economy was humming along before the coronavirus hit, but even then the majority of meeting planners in the financial and insurance industries were keeping their budgets in neutral. Financial and insurance meetings in the U.S.

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What Did You Do Differently Last Year?

PCMA Convene

Better contract negotiations. We are moving to a larger venue for 2017. We have implemented a risk-management manual to our events and we have purchased more event insurance for better protection. Increase in what we budget for food and beverage, and managing other costs more closely. Cvent implementation.