Page 32 - HELLO! Las Vegas - A DMC Partnership
P. 32
RISK MANAGEMENT
Meeting execution requires a broad range of locally-based services (transportation, tours, theme
décor, entertainment, teambuilding, dining, etc). As a result, numerous vendors with varying levels
of financial strength and insurance coverage are utilized to fulfill these services. For example, a
final night reception may include the services of an entertainer, staging and production company,
décor company, etc.; transfers from the airport to the resort may include multiple transportation
companies in order to provide multiple vehicle types. With Hello! Las Vegas, the risks of inadequate
coverage by any vendor are eliminated as a result of our process, team, and $20M of liability
coverage ($5M primary and $15M umbrella).
THE RISK MANAGEMENT TEAM
Hello! Las Vegas has a vendor Risk Management team which is overseen by our Chief Financial
Officer. This team is supported by top insurance agencies, brokers, and A-rated insurance carriers.
They work together with our sales staff as a cohesive unit to scrutinize all aspects of each individual
event, ensuring the careful selection of vendors and the proper insurance protection to secure the
ultimate enjoyment of our customers.
