Hospitality Marketing Concepts Flashcards
Explain risk management for an event.
Risk management for an event involves identifying, assessing, and prioritizing risks followed by coordinated efforts to minimize, monitor, and control the probability or impact of unfortunate events.
Identify risks associated with an event.
Risks associated with an event can include financial loss, safety hazards, legal liabilities, and reputational damage.
Determine scope and nature of legal, ethical, and regulatory obligations associated with an event.
The scope and nature of obligations involve understanding laws, ethical standards, and regulations that govern event planning and execution.
Describe insurance needed to cover an event.
Insurance for an event may include general liability, property insurance, and event cancellation insurance.
Determine what is exposed to damage, loss or liability.
Exposures can include property, persons, cash, reputation, and the environment.
Describe unexpected events.
Unexpected events are unforeseen occurrences that can disrupt an event, such as natural disasters, accidents, or security threats.
Define risk management for an event.
Risk management for an event is the process of identifying, assessing, and controlling risks to ensure the event’s success.
List options to cover event risks.
Options to cover event risks include insurance, contingency planning, and risk transfer agreements.
Identify health and safety requirements associated with an event.
Health and safety requirements may include crowd control measures, emergency medical services, and compliance with local health regulations.
Establish risk management policies and procedures.
Establishing policies and procedures involves creating guidelines for risk assessment, response strategies, and communication plans.
Develop emergency response plans.
Emergency response plans outline procedures for addressing potential emergencies during an event, ensuring safety and effective communication.
Explain the need for law enforcement security at an event.
Law enforcement security is needed to maintain public safety, prevent crime, and respond to emergencies during an event.
