Mar 18
28
Is there anything worse than planning and preparing for a special event only to have it canceled at the last minute due to weather, or some other unforeseen reason? Special events are important and you want your event to go off without any issues. Event Cancelation Insurance helps protect your business and the planning days leading up to it.
Special events can include: sporting events and competitions, trade shows, conferences, lectures, festivals, fairs, film, television, premiers, concerts and tours, corporate functions, community events, weddings and other special family gatherings.
Event Cancellations Insurance can help if you face a cancellation or postponement due to an unforeseen event such as illness, inclement weather or loss of speakers. Event Cancellation Insurance will provide reimbursement for deposits forfeited and other charges paid or contracted to be paid by the insured. This can include transporting costs, catering services, property and equipment rentals, location rentals, accommodations (including travel arrangements and accommodations for a honeymoon if applicable), specialized equipment, flowers, event photographs, videos and entertainment expenses.
Event Cancelation Insurance should not be confused with Event Liability Insurance, which is designed to cover guests and other third parties if they are injured or suffer loss at your event.
When applying for Event Cancelation Insurance, it’s vital to answer the following questions:
- Sponsor & contact name, address and email
- Event dates
- Type of event
- Location of special event
- Number of attendees
- Detailed description of special event
- Any professional artists involved
- Gate receipts or revenue generated
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