21. Have you developed a preliminary Plan of Action and Budget?
To initiate meaningful discussions with your stakeholders, you must know where to you want to go, what you want to offer, how much it’s going to costs and if there is going to be a profit of a loss. This definitely a necessary step otherwise you and your group can’t make an educated decision. Make the effort and take the time to do it properly… and be realistic. The end result will be a committed volunteer group and a successful event.
22. Is additional insurance coverage required?
If you a member of a group, you may already be insured. However, depending on the size and nature of your event, you may have to specifically add the insurance to your insurance policy. Each situation is different as are the companies who provide insurance. Before committing to an event it is always prudent to check with your insurance broker to see what your position is. In the case of a group or event that is not insured, GET INSURANCE. No matter how good a group you are or how careful you, “bad stuff” can happen. If it does and you are not insured, you and everyone around could lose everything, and I mean everything. Besides, most facilities and communities (if you are using one of their facilities) will both require proof general liability insurance, plus they will want their name added, as an assured, to your policy. (To be continued)
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