Event Liability - What Does it Mean?

With the implementation of the Safety at Sports and Recreational Events Act 2 of 2010, event planners, conference organisers and business owners face a tough regulatory environment. And with greater uncertainty and personal risk in virtually all dimensions of their business, it emphasises the importance of expert risk management and specialist underwriting.

Denise Hattingh, owner and key individual at KEU Underwriting Managers, says one of the biggest changes in the life of an event organiser was the implementation of the Act. "The Act not only protects participants, spectators and their belongings, but also ensures that the planning, management and enforcement of safety is handled by competent people. More importantly, the Act keeps role players accountable," she says.

The most significant implication of the Act is that the event organiser, the sponsor and the venue owners are all deemed responsible for an event. Hattingh adds that the Act makes the sponsor of the event liable for damages, even if they are not the organiser. "Liability and cancellation cover are the most important covers to have. Massive cost implications result from a cancelled event and this obviously applies to liability too," she says.

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The Company We Keep

For years of stellar performance, KEU has been delivering tailor-made insurance solutions to the film, television, events and entertainment industries. KEU is proud to present the movies and events we have insured.

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Potentially costly headache averted at surfing competition

In 2007, two teenagers hid away underneath some scaffolding at a surfing competition. The wind picked up and an advertising board which was not properly fastened fell onto the scaffolding, resulting in head injuries for the youngsters.

Luckily the event organiser had taken out KEU event liability cover for the festival and this potentially tragic and costly accident was covered with no fuss.

Hole in One

A talented (and slightly lucky) golfer attended a local schools fundraising golf day at Paarl Golf Club on 4 November 2011. He walked away with a lot more than pride when he struck a hole in one, entitling him to a brand new vehicle worth R105,000.

The event organiser was happy to hand over the prize, knowing that if KEU prize indemnity cover had not been taken out, there would not have been much fund-raising at all after handing over this prize.

More than just disappointment

During a 2008 International Airshow hosted in Johannesburg a bad weather spell resulted in the cancellation of the event. Of course, expenses still had to be settled, regardless of the reduced income.

It could have been a financial nightmare, but luckily the event organiser had taken out event cancellation insurance and KEU saved the day.