a. Do I need to buy insurance for my event?
- For the purpose of the Event, the event organiser shall at its own cost and expense maintain and/or cause to be maintained insurance policy(ies) with an insurance company duly licensed in Singapore or an international insurance company acceptable to the venue owner (aka “Licensor”).
b. What kind of insurance / how much coverage?
- The policy(ies) must provide for:
a) Damage to or loss of property;
b) Comprehensive general public liability in the sum of not less than S$1,000,000.00 for each and every claim, providing coverage against claims for bodily injury, death, property damage or loss occurring in or upon or resulting from the organisation or holding of the Event, or arising out of the provision of any service by the Licensor and such other insurances that the Licensor may in its sole and absolute discretion require; and
c) Nominate the Licensor as an insured.
- The policy(ies) must include:
a) a provision for waiver of subrogation against the Licensor;
b) a provision that the liability of the insurer to pay under such policy must not be affected by the act, default, omission or negligence of any party to such policy;
c) the legal liability of the Licensee for loss or damage to the Licence Area (including all fixtures and fittings in it), by the deletion from the policy of the relevant exclusion relating to the property in the care, custody or control of the Licensee or any employee of the Licensee; and
d) a cross liability provision so that each of the Licensor and the Licensee shall be considered a separate and distinct person and all references to "insured persons" (or such similar term) under the policy shall be considered as applying to each of the Licensor and the Licensee in the same manner as if a separate policy had been issued to each of them.
- The Licensee must give the Licensor satisfactory documentary evidence of the policy(ies) and the receipt for the premium paid in respect of the policy(ies) at any time immediately on demand.