Insurance Negotiating Sponsorships 
Event Farm
MAY 5, 2021
The panelists offered tips about negotiating with venues and vendors: . Pay extra attention to indemnification and insurance policies. Because legal expenses are a concern, insurance is now 30-40% more expensive even though it doesn’t cover epidemics. You must have liability and indemnification conversations with vendors too.
SmartMeetings
APRIL 3, 2020
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 insurance meetings in the U.S.
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Planning Pod
APRIL 12, 2020
For each budget line item, you should account for the following: Estimated amount (how much you want to spend) Negotiated amount (the agreed upon price with your supplier) Actual amount (invoiced amount) Amount paid to date Amount still owed Payment due dates w/ amounts due. Event Income.
Eventinterface
AUGUST 1, 2017
Planners now need to be marketers, product managers, negotiation and contract specialists, security experts, digital media and technical whizzes. Sponsorship and increasing event revenue in the age of technology. Most events require sponsorship support to be produced. All sessions, live broadcast participation, $250. WORKSHOP 1.
MeetingsNet
MARCH 25, 2020
Understanding things like event-insurance fine print and which areas of operation hotels get group revenue from will help planners become better at contracting and negotiating. With the Summer Olympic Games in Tokyo postponed to 2021 , some of the biggest insurance firms in the world are breathing an enormous sigh of relief.
PCMA Convene
MARCH 7, 2017
Better contract negotiations. We have implemented a risk-management manual to our events and we have purchased more event insurance for better protection. We have also increased the cost of our sponsorships and added new a la carte options. • Added a day as well as additional workshops; expanded available exhibit space. .
SmartMeetings
NOVEMBER 20, 2019
Sponsorship. More : 8 Essentials for a Killer Sponsorship Strategy. Also make sure you budget for event insurance—and check for indemnification clauses in your contract with the venue. The biggest piece of advice on this topic is to make your presentations to potential sponsors as early as possible. Here are some key steps.
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