A couple of people have mentioned about insurance recently so I thought I’d repost this:
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.
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 youâ€™re setting it up as a full time business annual cover will almost certainly be more economic.
Public liability insurance shouldnâ€™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 -itâ€™s up to the customer to decide which theyâ€™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 tâ€™s & câ€™s arenâ€™t necessary, especially if youâ€™re only hiring to friends or friends of friends -in my opinion you should ALWAYS have them, even though youâ€™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.