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Event
Cancellation Insurance
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This policy reimburses you for your net loss should the
performance or event be necessarily cancelled, postponed or rescheduled due
to any peril except what is excluded.
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Scope of Coverage:
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Fire, earthquake or other damage causes your venue to be unusable. |
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Specific weather conditions such as floods, hurricanes, tornadoes,
blizzards, lightning, or any other life-threatening weather condition.
These weather conditions must prevent the majority of the audience from
reaching the venue where your event is taking place. |
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Unavoidable travel delays (aircraft or other modes of transportation),
equipment delays, mechanical breakdown, power failures. |
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National disaster. |
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Any other cause (not otherwise excluded) beyond your control.
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Exclusions:
- The financial failure of any
venture, including cancellation due to lack of ticket sales, lack of
sponsorship, etc.
- War, civil commotion, riot, martial law, seizure, radioactive/nuclear
contamination.
- Your failure to have made all necessary preliminary arrangements
essential to ensure that your event can be held on the scheduled date.
- Fraud, misrepresentation or concealment.
- Non-appearance of an individual (s) unless you purchase the
non-appearance insurance option.
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Policy Information:
- Once paid for, this
policy cannot be canceled.
- The earlier you pay for this
policy, the longer period of time you will have your event coverage.
- You are required to insure 100% of your budgeted expenses and, if you
choose to insure your profits, 100% of budgeted profits as well.
Otherwise co-insurance penalties will apply in the event of a claim and
you will not receive 100% reimbursement for your claim.
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Non-Appearance Insurance
If your event relies on the appearance of a person or group (performer,
speaker, player, invited guest, team, etc.), this option will protect
you from the non-appearance of that individual. Generally, to include
this option, a medical exam of the individual is required.
Notable additional exclusions under this option include:
- Pre-existing
medical conditions
- Air travel except as a passenger on a regular
airline or multi-engine charter aircraft
- Insufficient voice quality
unless directly due to illness or disease contracted during the policy
period
- Any hazardous activity or feat
- Any condition not common to
both sexes
- Acquired Immune Deficiency Syndrome (AIDS)
- Contractual disputes
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