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On Wednesday, Pink Bows Foundation hosted the inaugural, fully booked Showstop Procedure training and certification event at The Post Oak Hotel in Houston, which brought together festival organizers, venue managers, promoters, safety specialists, riskmanagers and insurers.
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.
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.
Smart Meetings spoke with Ari Schwartz, former senior director of cybersecurity at the White House (he worked on technology policy during the Obama administration), and current managing director of cybersecurity services for Venable Cybersecurity RiskManagement Group , to discuss best security practices meeting planners should consider in 2023.
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.
Event insurance is necessary to shield hosts, planners, and venues from the financial losses resulting from these unforeseen circumstances. In this post, we’ll take a deeper look into the intricacies of event insurance, the key benefits, and recent advancements. Get started today!
While exceptional service and stunning spaces continue to be essential to setting your business apart, there’s one often-overlooked factor that can give you a significant edge: event insurance. It demonstrates proactive riskmanagement By offering or requiring event insurance, you showcase your commitment to riskmanagement.
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
She presented a special session at Financial and Insurance Conference Professionals’ (FICP) 2022 Annual Conference titled, “Event Riskmanagement: 2022 Risk Categories.”. Defining Risk. Any interruption to pre-planning or on-site execution that disrupts an event is a risk,” Warwick said. Things happen!”
in today’s world, ensuring the safety and security of attendees is paramount and it is important to put in an effective riskmanagement plan to prioritise guest and organiser safety. what is riskmanagement in an event? why is event riskmanagement important ?
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.
Mark Deane, CEO with ETS RiskManagement brings years of experience to this conversation. Mark is a riskmanagement specialist whose experience stems from his career working as an Operational Officer for the British Government. Insure that all entry points are controlled and conduct bag checks.
“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 Marriott International also has its own claims organization to streamline insurance coverage and processing. “We
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.
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. Managingrisk is particularly important in the financial and insurance meetings sector, and meeting planners play a key role in this process.
Riskmanagement is an essential aspect of project management and, more specifically, in planning an event. Risk” can be defined as any unwanted event or situation that can lead to the failure of your project or event. Here are some of the risks and reasons why riskmanagement is crucial for each event.
The answer is two words: riskmanagement. Event organizers and hosts are responsible for the safety and well-being of their guests and the risks associated with events, in particular the serving of alcohol can be especially daunting. Event Insurance. First and foremost, you will need general liability insurance.
Sites like the API Academy offer videos on riskmanagement and an Emergency Preparedness Certificate. Cyber-riskmanagement. If you don’t have it yet, get cyber insurance. Cyber insurance protects you from liability, provides compensation for data recovery, and more.
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.
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. Content Matters.
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. We discuss the potential legal repercussions of incorporating necessary Covid protocols and how to do it safely.
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?
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).
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.
We have implemented a risk-management manual to our events and we have purchased more event insurance for better protection. Increase in what we budget for food and beverage, and managing other costs more closely. Started implementing a strategic meetings management program.• . • Lowered meeting costs.
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.
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. .
In 2001, the Ryder Cup at the Belfry was postponed for a year in the aftermath of 9/11, an attack which led the IOC to begin to take out cancellation insurance. Such risks have additional consequences. The second is insurance. Finally, it is wise to consider riskmanagement technologies.
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. RIMS18 Session. RIMS18 Diversity Meetup.
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. Andrea Doyle Read the Complete Story On Skift Meetings
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
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. More important, “What can I do to make sure it doesn’t happen at one of my events?”.
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?
And those are now starting to include mental health benefits where they didn’t always before and insurers don’t cover so much of what you need to” And how would the wellness team member function within the rest of the team? But I think those two would be best friends” RiskManager & Crisis Team Leader.
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. The Yacht Racing Forum is the leading conference for the business of sailing and yacht racing.
The RiskManagement Committee will address contracts and insurance, including the drafting of Code of Conduct wording. We have been cancelling events month-by-month rather than everything in one sweep. It is hard to tell what the world will be like in 90 days, let alone a year, so we are looking for flexibility.
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. Connected Insurance USA. The future of insurance has arrived. Think 2021.
Due to security issues and instability around the globe, travel planners are seeking ever more solid risk-management plans for both people and the equipment and data they carry, such as comprehensive insurance and the ability to track and communicate with employees in real time. Bleisure matures.
Digital RiskManagement: First Steps. Do you recommend virtual event insurance? Least common was creating a crisis plan in case of a breach (29 percent), conducting cybersecurity best practices training for the event team (28 percent) and implementing data encryption (22 percent). How secure is the cloud?
Riskmanagement is defined as the identification, evaluation, analysis, mitigation, communication and monitoring of risks. 4 phases of riskmanagement. Riskmanagement has four phases, and this is where analysis steps in. Prioritizing risks is part of your assessment process. See image below.).
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