Event Cancellation Insurance provides coverage for the loss of revenue derived from OR expenses committed to an event due to a cancellation, abandonment, interruption, curtailment, postponement or relocation caused by covered perils as defined in the policy as covered perils. What is the difference between Event General Liability Insurance and Event Cancellation Insurance? Special Event General Liability insurance coverage is required by venue or vendor contract and protects against 3rd ...
Why do I need event cancellation insurance?
There may be circumstances beyond your control that lead to the cancellation of your event. Event cancellation insurance reimburses your irrecoverable costs & expenses incurred or loss of profit or gross revenue following the unforeseeable cancellation, abandonment, postponement, interruption or relocation of your event.
What is event insurance?
Event insurance is a collection of cover types built into a specialist policy designed to safeguard the event or multi-event series you’ve organised against a range of risks. Cover for an event can bring together a selection of products suited to the specific needs of the events market.
What happens if my event is cancelled due to insolvency or bankruptcy?
The same result is likely if your event is cancelled after the insolvency of the organiser’s company or bankruptcy of a third-party. To fully understand what cancellation cover you have in place, it’s always best to fully read your policy documents when you purchase your insurance.