EVENT INSURANCE CASE STUDY
Event Staging Crew Renewed After Nine Occupation Declines
An existing Tank client in NSW that assembles and packs down event staging came up for renewal with eight staff and a prior claim on its record. Nine insurers declined to quote on the occupation.
THE SITUATION
An event staging business in NSW, an existing Tank client whose public liability we had first placed earlier, came up for renewal. The business assembles staging for events and packs it down afterwards.
It had eight staff and turnover of around $600,000. There was one prior claim, under $10,000 paid and closed.
Staging work puts crews on event sites before and after the public arrives, handling components and temporary structures that other people then use. Event venues and organisers expect their suppliers to hold their own public liability.
OUR APPROACH
The renewal was taken to market with the full picture disclosed up front rather than left for an underwriter to find.
- The occupation was described as it actually operates: event staging assembly and pack-up, so the policy would match the work.
- The claim was disclosed with its outcome: one prior claim, under $10,000 paid and closed.
- The size of the business was set out: eight staff and turnover of around $600,000.
- The market was approached widely. Nine insurers declined to quote on the occupation.
- Terms were obtained from a major insurer at approximately $4,700. The next best option was approximately $8,700.
THE CHALLENGES
The main challenge was the occupation itself. Event staging combines manual handling and temporary structures with public-facing event sites. In this renewal, nine insurers declined on occupation before looking at the individual business.
The prior claim added a second hurdle. A closed claim with a modest amount paid is not necessarily a barrier, but it has to be disclosed accurately.
The third was the spread. Once terms came back, the next best option was roughly $4,000 more than the placement, on the same business.
THE OUTCOME
Public liability was renewed with a major insurer at approximately $4,700, against a next best option of approximately $8,700, after nine insurers declined on occupation.
Final Solution: Public liability for an event staging assembly and pack-up business with eight staff and a prior closed claim, renewed at around $4,700 after nine occupation declines, roughly $4,000 below the next best option.
The renewal was completed, and the business could keep supplying certificates of currency to the venues and organisers it works for.
This case records one historical outcome; current insurer appetite, premium, timing and terms depend on the complete risk at the time of application.
For the wider buying context, see our event insurance guide and insurance for event businesses.
EVENT INSURANCE QUESTIONS
What this placement answers for other event suppliers
Why do insurers decline event staging businesses?
How much does public liability cost for an event staging business?
Will a previous public liability claim stop me getting insured?
Do event suppliers need their own public liability?
Do contractors need to be disclosed on an event services policy?
EVENT INSURANCE
Put this placement in context
Case-study results are historical and are not a promise of current pricing, capacity or policy terms. This page is general information only and does not take account of your objectives, financial situation or needs.
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