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Does anyone have information about insurance when holding a training event for customers?

If you hold an event for customers to do a training at a site not owned by you do you buy insurance? What kind of insurance and about what does it cost?

5 Replies

Josh Kirschner
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Josh Kirschner Entrepreneur • Advisor
Founder & CEO at Techlicious
It's a wise idea to have "General Liability" insurance for your company. It will protect you if one of your employees or clients gets injured in your workplace, among other things. It may also cover you for offsite events, though you should check with the carrier to verify this.

I've seen many small companies who aren't covered by G&L. However, the policy cost is not that high and it could literally save your business in the unlikely event something unfortunate does happen.

If you want to explore quotes, I've used Insurance Bee as a broker and found them very easy to work with.
Charlie Downey
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Charlie Downey Entrepreneur
President & CEO at Downey Insurance Agency, Inc.
hey Guys. Insurance pro thirty years here. we write all over the country. your general Liability will follow you for temp space. even space at a trade show or even at a clients office. ( within covered territories - of course) the insurance policy is really thick and convoluted. seek out an insurance agent for real advice and direction. not cookie cutter web based designs. there are always future looking Insurance implications on Biz models, exposures, etc. would be glad to help. From all of us here at National Insurance Group / Downey Insurance Group
Michael Mead
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Michael Mead Entrepreneur
Captive Consultant and Advisor, Editor of CICR
Yes. You must purchase the coverage independently. Cost depends on size and nature of the event.
John Barley
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John Barley Entrepreneur
Insurance Broker | Risk Management Expert | Organisational Health Coach

Check out the terms and conditions of hire of the room . Yes you need youneed to have Public Liability Insurance but you should alsocheck with the owners of the property what level of indemnity they require. No point in buying a cover for $1,000,000 and they require $10,000,000. If something should happen and you were found at fault then the property owners insurers will bankrupt you .Also please note the indemnity limit should also take into account the legal costs of defence. The policy covers this cost as well as the claim made against you. Bottom line though read the terms of the contract before you sign

Charlie Downey
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Charlie Downey Entrepreneur
President & CEO at Downey Insurance Agency, Inc.
You Guys. nice responses...( Ins professionals)But goes under tttq ( too technical to quick) This isn't Hard stuff. (depending upon factors of course) - But standard everyday stuff for Insurance pros.

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