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Riskmanagement 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, “RiskManagement 101,” she outlined strategies for dealing with the risks of the industry, as well as how to actively avoid them.
A new insurance product allows organizations to choose which costs and revenue streams are covered, and under which disruptive circumstances. The choices are wider than ever, but some circumstances remain uninsurable.
How meeting profs can keep event data safe with the latest cybersecurity tools You don’t want to be the next data leak to hit the headlines. It runs the risk of your computer or tablet getting malware and giving hackers the keys to your data. Find an insurance broker that knows cybersecurity. But what to do?
Skift Take: Destinations International is joining forces with insurance and riskmanagement firm Anderson Benson to create a bespoke event cancellation program. Andrea Doyle Read the Complete Story On Skift Meetings.
Weighted risk tracking helps manage real contingency requirements We all plan events months in advance, years in advance, or maybe even, days in advance. Because of that not only do our riskmanagement plans need to be well-thought out but so do our finances to cover those risks. Turns out there is.
The definition of “risk” has grown beyond the traditional definitions of financial, operational, reputational and security issues meeting professionals checked off their list as they prepared to bring people together in days of old. Defining Risk. Technology Risks. Or they may work, but pose a cybersecurity threat.
Skift Take: Gary LaBranche, the CEO of the Risk and InsuranceManagement Society, shares what it was like to have to cancel the last day of its conference where close to 10,000 were gathered due to a nearby shooting. Andrea Doyle Read the Complete Story On Skift Meetings
Stuart Ruff-Lyon, chief events and sales officer, RIMS (Risk & InsuranceManagement Society), shared how becoming a finalist for Experience Design of the Year was very much a team effort. The general public tends to think of riskmanagement as being boring, he said.
Skift Take: Keeping attendees safe and secure is the focus of all meetings and conventions, but a rise in gun violence is making that more difficult. Andrea Doyle Read the Complete Story On Skift Meetings
When the going gets tough, the tough cut costs—at least in the financial and insurance conference sector, where budgets often are more likely to come under the scrutiny of regulators. More : Budget Financial Meetings: Doing More with Less. Riskmanagement is a team challenge and should be approached from every angle.”.
“Hotels have storm preparation plans and protocols for severe weather in place, and our staff is well trained to implement these plans,” said Hector Mastrapa, senior vice president of riskmanagement with Marriott. “We One of the newest entries to the risk response list is the company’s Covid-response plan.
Meeting and event professionals are very much aware of the security challenges generated by bringing people together. In recent days, we have been confronted once again by televised images of terror being inflicted on participants at events, walking a bridge or attending a meeting.
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 insurancemeetings in the U.S.
While certain occurrences can be handled by quick thinking and taking preventative measures, other things that could go wrong may require insurance. As a result, it’s important for event and meeting planners to have a good grasp of basic insurance principles to ensure that they have the proper coverage for their events.
Meeting professionals today are riskmanagers. Co-insurance should include coverage for third-party claims, so that if an attendee gets injured or sick, you are held harmless. It should also stipulate that claims of property damage should be limited to the amount of property insurance. There is always risk.
Meeting professionals today are riskmanagers.” Foster talked about reasonable care expectations of event planners and managers, what to communicate to guests and when, and what insurance is required. The post Contracts and Negotiations Amid Covid: Best of What’s Worked in 2021 appeared first on Smart Meetings.
Being the person that speaks up at a holiday event planning meeting and addresses tough, valid and scary concerns around the safety and well-being of your guests, could earn you the nickname Ebenezer Scrooge, but rest assured you will soar to the top of the “nice” list when you save Christmas! The answer is two words: riskmanagement.
Crisis management planning is like life insurance; nobody wants it, but everyone needs it. Business owners must budget for riskmanagement even when there is no sign of trouble ahead. But, like a life insurance policy, not having one is far more costly. What to Include in a Crisis Management Plan.
The group is addressing health and safety, community, global ecosystems, reskilling the industry , innovation, digital transformation , advocacy and risk mitigation. Destinations International’s “We’re Here to Help” recovery campaign was designed to unify the meetings, events and travel industry. Preparing for Return to Meeting.
The last time Convene checked in with Kerry Crockett, MBA, CAE, CMP Fellow, DES, the CEO of the Insurance Accounting and Systems Association (IASA), she was in the midst of finalizing plans for her annual event in a rapidly shifting environment. Kerry Crockett, CEO of the Insurance Accounting and Systems Association. Courtesy IASA).
When it comes to planning events and event insurance, everyone has an opinion. Why Use Event Insurance? Event insurance is there to safeguard against the unpredicted and sometimes unforeseen circumstances. And with event insurance it’s all about riskmanagement. I have Event Insurance or Do I?
Andrea Doyle Read the Complete Story On Skift Meetings Skift Take: Extra security precautions were put in place at this year’s RIMS RISKWORLD conference in San Diego after an active shooter situation shut down the final day of the 2023 conference in Atlanta.
In addition to data about quantifiable things like the size, frequency, costs, and types of meetings, our Annual Meetings Market Survey also captures a wealth of data in the form of comments in response to a series of open-ended questions. Last week we published comments about the meeting industry’s biggest challenges.
Yes, cybercrime is a real threat for meeting professionals. And now that most have gotten a handle on protecting their virtual meetings, going back to physical gatherings with at least part of the program will add a whole new level of complexity. Digital RiskManagement: First Steps. billion in losses reported last year.
Risk-reduction actions for safer events in 2019. While your attendees’ safety is paramount, riskmanagement includes ensuring your organization is protected, as well as your guests. CMP, noted during her presentation at MeetingsNet’s Risk360 conference, “The legal aspects of crisis management tend to be the motivating part.
Have a riskmanagement plan in place for each event. It’s time to refresh your practices with regards to risk assessment plans ! Remember that a risk assessment plan has three main parts and serves the purpose of making your event as safe as possible for everyone involved and nearby. A review of the basics.
On average, meeting spend is calculated to be.5–1% If not, there is a huge opportunity within your company to uncover hidden meeting spend and implement a meetings program to increase visibility, reduce risk, automate business processes, and cut cost. Who Uses Strategic MeetingsManagement?
The security of attendees is at the top of the list of responsibilities for every event planner and riskmanagement is part of the job description. Require attendees to wear name or registration badges while at the meeting (and have them take them off when not at the meeting). appeared first on Smart Meetings.
Insurance is NOT RiskManagement . A small but nevertheless important note here about insurance. Having insurance doesn’t reduce your risk which is why we didn’t include it in our list. Read: Insurance for virtual events – what you need to know. Risk surrounds us. What are you buying?
After wrapping up what he felt was another successful RiskManagement Society (RIMS) conference in 2017, RIMS vice president of events and education, Stuart Ruff-Lyon, CMP, DES, got some disturbing feedback: Multiple women said they had felt out of place at the event. Stuart Ruff-Lyon, CMP, DES. That change had to start at the top.
Organized annually by MaxComm Communication, the event reassembles up to 400 participants: event organizers, teams, venues, technical providers, media, insurance and financial companies etc: the sport of sailing’s key actors from all over the world. That helps them find people they are interested in meeting.
With all the guest celebrity appearance booking and décor selection fun out of the way, it’s time to turn your attention to the less fun task of health protocol and riskmanagement planning. What type of insurance is required? Step Six: Be COVID-Safe and Just General-Safe Too. Are minors permitted at the event?
DGI has military, civilian and industry geospatial intelligence leaders at this year's meeting in London to discuss new policy developments and the latest in technology. East Meets West. Where leading brands meet the smartest startups with a focus in technology, business, and marketing. Digital Geospatial Intelligence (DGI).
The webinars will focus on the state of Artificial Intelligence across several sectors, including pharma, industry, banking, insurance, and more. While some businesses have thrived, others have had to shift entirely or risk becoming obsolete. EmberConf is the best place to meet the folks behind the magic. AMA The Year Ahead.
“So you know they’re able to go sit in on meetings with the AV team and with the food and beverages team and the venue team and see all the different elements. But I think those two would be best friends” RiskManager & Crisis Team Leader.
Event organizers and other meeting professionals have a duty of care to ensure the safety and security of event participants. Riskmanagement is defined as the identification, evaluation, analysis, mitigation, communication and monitoring of risks. 4 phases of riskmanagement. According to Reuters (Sept.
Conduct regular riskmanagement evaluations. Professional restoration companies can conduct pre-loss assessment s to determine adequate insurance levels. Imagine my anxiety when the Napa Valley fires broke out 4 weeks before our meeting was scheduled. Keep list of guests, including special needs.
Our 16th Annual Meetings Industry Forecast included five travel trends that show staying power: 1. Expect new insurance products and increasingly sophisticated software to address these risks. Attendee costs will grow in some places. Bleisure matures.
the power of incentive travel is an ever-evolving innovative platform that satisfies an innate desire for immersive and transformative experiences that, if done the right way, help an organization meet or exceed its business goals. to be successful you must carefully consider all aspects of your program, including the destination.
Or perhaps a two-week-long riot (Baltimore 2015) prevents your supplier from meeting a key deadline. Take photos of all equipment and their serial numbers as well as their location in the office which are kept with insurance information offsite. CC) Mayberry Health and Home.
Bureau of Labor Statistics predicted a 10-percent increase in the number of meeting-and-event-planning jobs by 2024. CHME, CHSP, CMP, CHE, who in addition to teaching classes at Metropolitan State University of Denver, serves as a faculty adviser for the school’s hospitality, tourism, and events management department. “In
The last 2016 issue of Plan Your Meetings is now online and, for the first time ever, includes the complete Meetings Outlook report of MPI’s quarterly survey. How will this choice impact the attendee experience and/or insurance rates and coverage? can be impacted by local gun laws. Plan for it, but let’s avoid it, OK?
Two presenters at the recent Global Business Travel Association Convention say the same focus has not been turned on meeting attendees. Duty of care practices are well established for individual employees traveling the world for their companies. read more.
Or perhaps a two-week-long riot (Baltimore 2015) prevents your supplier from meeting a key deadline. Take photos of all equipment and their serial numbers as well as their location in the office which are kept with insurance information offsite. CC) Mayberry Health and Home.
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