Contacts

Event cancellation

Daniel Goggin

 

 

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.