3.14. “Run as Administrator” may be needed to initialize LOGbinder for SharePoint
When LOGbinder is first started, it must set up event sources necessary for its operation. So, in some environments and for the first run it may be necessary to start the LOGbinder application using the “Run as Administrator” option. Thereafter it should be enough to run the application as a user who is a member of the local Administrators group, but in practice we find that in some environments the user must always use "Run as administrator". Your circumstances may vary, but if the system returns a message containing “insufficient privileges for creating event source”, try the “Run as Administrator” to see if it doesn’t solve your problem.