Partners, the destination marketing firm consortium based
in Washington, D.C., has established new risk management standards
for its 28 member DMCs based in the United States.
As of January, GEP partners must meet
the following mandates:
* Maintain certificates of insurance
with suppliers for up to $1 million in liability;
* Require suppliers to name GEP DMCs as
* Conduct annual meetings with
suppliers to review insurance agreements; and
* Require a signed supplier agreement
asserting compliance with all applicable laws and regulations.
GEP plans to broaden the standards to
apply to its 37 international members in the future.
The company’s move reflects the
industry’s growing emphasis on the adoption of insurance standards.
The Association of Destination Management Executives, based in
Dayton, Ohio, requires candidates for its year-old Destination
Management Company Accreditation program to meet key risk
management standards. At press time, 24 companies had been
accredited, and the group anticipates 24 more member DMCs to be
certified this spring.