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Cancellation Insurance – The Facts

Cancellation Insurance – The Facts

This paper looks briefly at the subject of event cancellation insurance, the likely claims and how insurance companies evaluate proposals. What is cancellation insurance? Cancellation insurance is to protect the financial interests of the organiser or stakeholder of an event. Some Frequently Asked Questions 1. We are not going to cancel our event so is there any point in buying the insurance? Yes, cancellation insurance is designed for all those circumstances that cannot be foreseen and prevent you from holding your event. 2. When is the best time to buy cover? We recommend that insurance is bought as soon as you sign a contract or pay a deposit. 3. Does cancellation mean just cancellation? No the term cancellation includes Abandonment, postponement and curtailment Here are Some Claims Examples Denial of access to the venue where your event is due to be held Disruption of electricity, gas, or water following a worker cutting a cable by mistake or similar Non arrival of key speaker due to accident or illness Damage...

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