(Event-)Agencies, Organisers and Management have to face various financial risks. Having to cancel or break-off an event can be the financial ruin for the organisers. Besides the shortfall of incoming revenues the costs already incurres, such as location fees, equipment rental, salaries, fees and other expenditures must all be paid for.
In an increasingly more complex business world a refined Risk Management is indispensible for the success of an enterprise – in particular with regards to the many liability traps. One might take a look at e.g. liabilities of the organisers towards visitors of the event resulting from the contract and/or delict laws because those can arise from the fault or negligence of an employee.