Event Cancellation and Non-Appearance Insurance
- Saturday, September 10, 2011, 20:59
- All Quotes, General Liability, Professional Indemnity (PI), Public Liability
- 2 comments
This insurance indemnifies the Insured parties for costs and expenses incurred to organize and produce an entertainment event should the event be cancelled, abandoned, postponed, curtailed or relocated due to a cause beyond the control of the Insured.
This insurance indemnifies the Insured parties for costs and expenses incurred to organize an entertainment event resulting from cancellation, abandonment, postponement, curtailment or rescheduling due to any or all of the following:
• Death, Accident or Illness
• Unavoidable Travel Delay
• Damage or Destruction of Venue
• Political Unrest
• Communicable Disease
• Causes Beyond Insured’s Control
■ Sporting Events
■ Theatrical Productions
■ Indoor/Outdoor Shows
An organizer of an event incurs specific costs. These costs include promotions, staff, catering, security, sales, merchandising, other contracts and perhaps even a preagreed contract with a key or star performer.
Now Consider the losses should any of the following occur:
■ Fire damage to the location
■ Extreme weather conditions
■ No Show by key performer
There are numerous other contingencies which can occur out of the control of the organizer which could cause a massive financial loss. Each case is considered on its own merit. The following application/proposal form must be completed in order to provide the best consideration.
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