Archive for June, 2008

Marquee hire insurance and terms & conditions

Monday, June 30th, 2008

If you receive money for marquee hire you need to be covered for public liability insurance and have some good terms and conditions to back yourself up.

Insurance

There are several insurance firms who specialise in marquee hire cover -we include their details with all of our marquee sales. They can cover you for one-off events (though they need at least 14 days notice) or provide annual cover.

One-off cover should be considered for part-time marquee hire companies but if you’re setting it up as a full time business annual cover will almost certainly be more economic.

Public liability insurance shouldn’t be confused with fire/theft/damage insurance. Public liability insurance is always included in the cost of hiring, fire/theft/damage insurance is usually an optional extra -it’s up to the customer to decide which they’d prefer:

  • Risk it, have no insurance cover.
  • Household policy cover -some household insurance policies cover marquees. When I started out most household policies would cover marquees, now hardly any do.
  • Insure it through yourselves -most marquee hire insurance companies will allow you to offer insurance at around 5% of the total hire charge which you can offer your customers.

Terms and Conditions

You may think t’s & c’s aren’t necessary, especially if you’re only hiring to friends or friends of friends -in my opinion you should ALWAYS have them, even though you’ll rarely have to use them.

Things like cancellation policy, what happens in the event of loss or damage of equipment and especially have a force majeure part – you may think nothing will stop you putting your customers marquee up but think of the fuel crisis, foot & mouth or even someone wrecking your marquee a week before your customers event.

A copy of the terms and conditions we used as a hire company are included with every marquee sale.
Thanks for reading.

The Showmans Show

Monday, June 23rd, 2008

If you’re in the marquee hire industry, you must go to The Showmans Show. It’s as simple as that.

All the main marquee suppliers have  a stand there as well as flooring, lighting, heating & lining suppliers.  It’s very good for meeting all the contacts you’ll need in running a marquee hire business (incidentally we also include these contact details with our instructions when you buy a DIY marquee).

The Show is held at The Newbury Showground in the middle of October (22nd & 23rd this year), it’s good for getting some out of season deals as well as seeing the latest developements in the marquee industry. You have to avoid various jugglers and entertainers as it’s geared towards everyone in the outdoor evets industry.

Thanks for reading

Spencer.

So you want to start a marquee hire company?

Wednesday, June 18th, 2008

Congratulations, a wise choice.But where to begin?

Research: You need to look into who you’re targeting, what competition you face and the quality of marquees you want to buy.

Target Market: Weddings, parties, country fairs or maybe all 3. Weddings require a better quality finish (interior linings, flooring etc) than country fairs who generally just need a cover out of the rain.

Your competition: Check online, check yellow pages, get your competitors brochures or any literature you can to see what they offer -don’t introduce yourself yet, you may want them to come and do a site visit for you (I’ll expand on this later).

Quality of marquees: The quality of marquees varies greatly, though mostly it comes down to the thickness and type of material used in the roof (walls are less important). You should also consider upgrades -if you want to expand into the wedding market you MUST be able to offer linings.

Finally you need to consider what your budget is likely to be. Put together all the costs, how much you can charge per hire (slightly less than your competitors I’d suggest) so that you’re aware of how many hires are required until you’re in profit.

We believe our DIY Marquees are the ideal entry level into marquee hire. They offer excellent returns on investment whilst being suitable for any event – unlined marquees for fairs & fetes or add a lining for parties and wedding marquees.

Thanks for reading