Überhöhte Versicherungskosten und doppelte Policen für Veranstaltungen

Definition

Multiple Australian authorities explicitly require event organisers to obtain public liability insurance, often specifying a minimum coverage of AUD 20 million and that the certificate of currency be issued in the same name as the event permit holder and sometimes note the land manager’s interest.[1][2][3] Applications will not be assessed without this certificate, and coverage below AUD 20 million is rejected.[1][2][3] Operators that manage events across several councils and parks frequently purchase separate short‑term event policies or top‑ups to meet these conditions, instead of optimising a consolidated annual or multi‑site policy structure. This fragmented approach causes over‑insurance (e.g. multiple overlapping AUD 20m policies for adjacent dates and sites) and duplicated fees per event. Given typical small‑event public liability costs in the low thousands of dollars per policy, it is logical that multi‑event organisers can easily overspend by AUD 2,000–20,000 per year on avoidable or sub‑optimised premiums.

Why This Matters

The Pitch: Event Services players in Australia 🇦🇺 waste AUD 2,000–20,000 annually on fragmented, duplicated event insurance to satisfy differing permit conditions. Automation of insurance aggregation, coverage checks and renewal management reduces premiums and avoids unnecessary policies.

Affected Stakeholders

Event agency owners, Finance managers, Operations managers, Risk and compliance managers, Insurance brokers working with event firms

Related Business Risks