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Is it possible for a travel manager to learn to take on meetings? Of course, but it will require looking at existing responsibilities in a different light, and learning some new ones. Here's what you need to know about the similarities—and the differences.
Meeting management requires extensive knowledge of the terms and conditions of hotel, especially in the following areas: liability insurance, including workers’ compensation; employers’ liability; automobile liability; comprehensive general liability; professional errors and omissions (including environmental impairment liability); and liquor liability insurance. Meeting managers also have to worry about on-site competitors, so they minimize the potential for loss of intellectual capital by including a addendum that bars competitors being at your property during your event. Also, cancellation and penalties, if not negotiated properly, can expose an organization to considerable risk.
More on cancellation and attrition penalties: 37 Ways to Mitigate Risk in Your Corporate Meetings & Events Program