Expert Insight
KEEPING RISKS AT BAY
MANAGE YOUR RISK MANAGEMENT As finally restrictions are being relaxed across the whole of the UK, dancing and standing events are more popular than ever. Now is the time for nightclubs and bars to make sure they have the correct risk assessment in place at all times.
It’s imperative nightlife businesses go through the proper risk procedure – and do so while following the expert guidance of a broker. Businesses must notify NDML of any changes or additions to their venue in order to ensure you remain fully covered.
NOTIFY YOUR BROKER
“Do I need to inform my broker of changes/ additions to my venue?” The Answer: Yes.
A good broker will ask you questions about changes to your venue. The most common changes which could impact your cover include:
• Additional removable/movable equipment; • Additional removable/movable furniture; • Lighting and electrical changes; • Additional spaces, indoor and outdoor; • Additional facilities; • Any other amenities which may have been added since last inspection.
Many nightclubs and bars are looking to increase their cover for indoor and outdoor spaces. Its these recent expansions which are statistically most at risk of a potential claim. Inspect your full venue and report changes additions or points of interest to your broker, we will check you’re are fully covered and will update your policy if needed.
38 February 2022
www.venue-insight.com
CONTROL YOUR RISKS Communicating with your broker is the best way to learn how to effectively control your risks. Additions are not automatically covered – therefore you could, at this very moment, be in violation of your policy.
The best possible solution is to have a specialist broker visit your venue who can conduct a risk management survey to determine the extent of your possible cover increase. They will also provide on-site advice as to what changes can be made to minimise and control your risk.
A good risk management service should include:
• 24/7 access to an exclusive support website, including downloadable documents, certificates and checklists; • Unlimited telephone support; • Access to a personal online library; • Monthly newsletters providing advice in commercial law, taxation, PAYE and current legislation.
Minimising your risk is the primary way to cut insurance premiums and escape devastating claims scenarios, and NDML can take care of all this for you. Find out more by talking to them on 0344 488 9205 or visit
ndml.co.uk.
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