No matter how well events are planned and organized, there are many things that can go wrong, which can cause the event to be canceled.
Event cancellation insurance provides protection for organizations, event planners, production companies, and others that host conventions, plays, concerts, trade, and consumer shows. Coverage is available for indoor and outdoor events held nearly anywhere in the world. If your event is canceled, you may still have legal and financial obligations. If you are holding a concert, comedy show, or another entertainment event.
Event cancellation Insurance can cover expenses or lost revenue that you might stand to lose if the event you are managing or promoting is canceled or postponed due to unforeseeable reasons beyond your control.
Event Cancellation Insurance
Insurance coverage can include protection from adverse weather, heavy rain, fire, collapse or destruction of the event site, damage to surrounding venues or infrastructure, disease outbreaks resulting in lack of access, power failures, and strikes. Other coverage can include the non-appearance of a key speaker or entertainer, failure to vacate the event facility, and physical loss of personal property and door registration receipts. You have a lot invested in your event, and event insurance is a good way to protect that investment. No matter how much time, energy, and money you invest in your events, there may be factors beyond your control that can cause costly cancellations or interruptions.