|
 
|
 |
|
Terrorism,
facility fire, hurricane, power outage, loss of equipment,
airline delays, illness to an artist. Could your event withstand
one of these major impacts? Probably not. Event Cancellation
insurance would step in and provide you with the same revenue
as you would have had if your event had occurred.
Coverage
can be arranged on an individual event basis, a tour, or on
an annual basis. You have the option of insuring only your
expenses or your gross income potential.
Planning
a wedding? Look at our Wedding Insurance
Package program which includes both Postponement/Cancellation
coverage as well as liability protection in one policy.
Here
are some examples:
|
| Client |
Strategy |
|
National
Concert Tour
|
The
terrorist act of 9/11 resulted in the cancellation of 1,000's
of events including national touring groups. The tour postponed
4 concerts, but was able to make them up one month later. The
extra costs associated with the delay and rerouting the tour
was paid for through their event cancellation & non-appearance
insurance. |
| Physicians
Group Annual Convention |
A
major source of revenue, sometimes generating more income to
the organization than membership dues, conventions and trade
shows are very important to the sponsoring group. Buying event
cancellation insurance based on 100% of their gross profit potential
guarantees them continued year-round operations in the event
of an interruption or cancellation of their event. |
| Film
Production Company |
Filming
outdoor scenes in the northeastern U. S. in late April is chancy.
Spring ice & snow storms can bring the production to a halt.
By insuring the entire budget with event cancellation &
nonappearance insurance, the production company was able to
insure bad weather, cast (nonappearance) and terrorism under
1 policy. |
| Major
Golf Tournament |
Faced
with paying appearance fees to certain high profile players,
the tournament wants to make certain, in the event of cancellation,
they are reimbursed their fees. Concerned only in insuring their
out of pocket expenses, they elect to buy a policy based on
expenses only, not gross receipts; thereby significantly reducing
the premium charged for the policy. |
Options:
Notable
Exclusions:
- War
- Nuclear
Hazard
- Lack
of Ticket Sales or Financial Support
- Governmental
Action
How
to Apply:
- Click
on the Apply Online Button below, complete and submit our application.
- Normally within 2 business days, we will
email or fax you a written quotation.
- Remit payment
and your Certificate of Insurance will be delivered via email
or fax.
| Last
Updated:
March 31, 2009
|
|
|
|
|
