Home Insurance Brokers About Us Success Stories Contact Us

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

 

Coverage Highlights

Event Cancellation Insurance is one of the most misunderstood specialty coverages in the marketplace.  It is important to know that Event Cancellation is a catastrophic product involving catastrophic perils that cause your event to be Cancelled, Abandoned, Postponed, Curtailed, or Relocated. 

Examples of such perils follow: 

  1. Severe Adverse Weather (hurricanes, tornados, severe winter storms)
  2. Acts of Terrorism including the Threat of Terrorism (9/11 terrorist attacks, Spain 2004, London 2005, Oklahoma City 1995);  please note that terrorism is typically not included in the base (standard) coverage but is rather an additional coverage that can be purchased.  
  3. Venue Unavailability (from perils such as fire, structural collapse, gas leaks, and flooding)
  4. Earthquakes
  5. Wildfires
  6. Labor Strikes (whether they take place in the city of your event or are national in scope like a transportation strike that prevents people from getting to your event)
  7. Power Blackouts (like those that occurred across the U.S. in 2003)
  8. Communicable Disease (like the SARS epidemic of 2002 or a local outbreak of the Norwalk Virus); terms and availability of this coverage can vary - please review the policy for details
  9. Non-Appearance of a key Speaker or Entertainer if applicable; this is also an additional coverage component 
  10. Major Riots and Civil Commotion
  11. National Mourning (i.e. death of the U.S. President)

OTHER POTENTIAL COVERAGE COMPONENTS
Event Cancellation Insurance is most commonly used to protect the Gross Revenue or Expenses from your event should it be Cancelled, Abandoned, Postponed, Curtailed, or Relocated. Depending on the details of a given risk and insurance provider involved, the following coverages may also apply: 

  1. Enforced Reduced Attendance Coverage - This covers your loss of Gross Revenue when your Event takes place but suffers a substantial reduction in the projected attendance of attendees or exhibitors due to a covered cause (i.e. winter storm).
  2. Extra Expense Coverage - This covers additional expenses you incur during a loss to continue with the normal operations of your Event.
  3. Supplemental Event Coverage - Any additional events you schedule during the Policy Period with a Limit of $50,000 or less can be added to the policy.
  4. Marketing Expenses Coverage - This can provide you with up to $50,000 for marketing and public relations expenses for a rescheduled event or next year's event.
  5. Personal Property Coverage - This covers loss or damage to owned or leased personal property at your Event.
  6. Door Registration Receipts Coverage - This covers you for the theft of door registration receipts from your Event.

PLEASE NOTE THAT THIS INFORMATION IS PROVIDED FOR GUIDANCE ONLY; PLEASE CAREFULLY REVIEW THE ACTUAL POLICY WORDING FOR SPECIFIC COVERAGE TERMS AND CONDITIONS.