Large event cancellation
The cancellation of an event can result in substantial out of pocket expenses and lost profit.
We can arrange wide-ranging insurance policies to protect organisers, sponsors and broadcasters of public events.
Cover is applicable to large or repeat:
- Sporting events of all kinds
- Tournaments
- Concerts and concert tours
- Theatrical performances, as well as annual cover for theatres
- Exhibitions
- Conferences and conventions
- TV shows
- Televised transmissions of any of the above
The insured interests typically include:
- Organisers and promoters: loss of expenses and profit
- Sponsors: loss of value of sponsorship
- TV companies: loss of revenue; loss of TV rights fees; loss suffered in respect of any of the foregoing pursuant to contractual obligations
Coverage includes:
- Any cause beyond the control of the assured and the participants
- Extra expense in rescheduling or mitigating loss
Coverage excludes:
- Financial causes, lack of support or sales
- Deliberate act of the Assured
- War (except in certain circumstances)
- Radioactive contamination
Other exclusions, which appear in standard policy forms, are negotiable.
Proposal form
To download a proposal form, click here.
