Vecta

For many years La Promesse-Groep has been a member of the branch association VECTA, the Association of Organisers of Events, Concerts and Theatre Activities.

A successful event, theatre or concert starts with professional service provisioning, quality and reliability of an agency associated with VECTA.

For over 50 years VECTA, as a branch association, has been monitoring the professional ethics of the top of the Dutch event and entertainment agencies. VECTA looks after the collective as well as after the individual business, social and legal interests of the associated members. Principals of VECTA members can appeal to the VECTA Guarantee Fund so that possible damages caused by delay, cancellation or premature termination of the event can be compensated.

VECTA Guarantee Fund

You organise an event but somebody on the Board of Directors of your company is involved in a serious accident, it goes without saying that your party night cannot take place.

The financial consequences will be limited to a minimum if you applied for a VECTA Guarantee Fund Certificate. The VECTA Guarantee Fund is the coverage for your event, wedding, party, jubilee, company trip, incentive trip … meant for companies and private individuals. It was established by the branch association VECTA and can only be concluded at a VECTA agency. You will only pay 3% over the total amount of the event or performance.

VECTA Guarantee Fund offers security against risks in case of events

The VECTA Guarantee Fund offers security against risks which could occur during any event. Basis of the coverage is an extensive event insurance which, obviously, co-insures situations which hinder a regular continuation of the event. Here one can think about the uselessness or unreachableness of the event location and cancellation due to national mourning.

Another significant coverage advantage on the basis of which the VECTA Guarantee Fund distinguishes itself to a large extent is the non-appearance coverage. The VECTA Guarantee Fund insures the coverage against the non-appearance of artists but also such of other important persons. The definition in question is quite broad. Every non-appearance preventing a healthy and pleasant event is covered by the basic policy. Thus, the sudden death of a person, as a result of which it will be impossible to celebrate a party with that person, will fall under the coverage.

Concluding this coverage is, in general, not accompanied by extensive examinations and questionnaires. There are, of course, limitations and these are actually logical and comprehensible.

The advantages of the VECTA Guarantee Fund in brief:

• The event can not take place on account of a certain reason, for example illness or death of somebody on the Board of Directors or of one of your employees.
• A very simple application procedure to conclude the insurance.
• The 20% additional coverage in case of non-appearance of artists so that, with a broader budget, replacement can be sought.
• The possibility to insure weddings on the basis of very broad All Risk terms and conditions (against 1% extra).
• The possibility to, in case of events up to 500 visitors, insure the liability risk and the accident risk (facultative and upon request).
• Coverage against cancellation as a result of national mourning.
• Insolvency of the VECTA agency is co-insured.
• Coverage against relocation of an event.
• Coverage against demonstrable non-availability of the location, for example on account of fire.

Fast claim settlement by means of your VECTA agency, at the latest within three months following occurrence of the damages, provided all the documents with regard to the damages (such as writ of summons, medical declaration, other documents and correspondence) have been received by the VECTA agency and/or the Guarantee Fund.

Excluded from the coverage

• Damages which are (also) the direct result of a shortcoming or pathological disease which already existed at the moment the VECTA Guarantee Fund was concluded, unless the people involved, such as the principal or the Board of Directors, were not aware of this or could, within reason, not be aware of this.
• People aged 75 or older unless they fill in a medical declaration.

Download or request the complete statutes

This only constitutes a selection from the terms and conditions. The statutes can be downloaded on our website or you can request us to send them (in Dutch).