Do you or your clients organize major revenue generating events throughout the year? Event cancellation insurance protects your investment against unforeseen circumstances that can negatively affect event revenues and expenses.
Summary of Coverage
Event cancellation insurance protects event revenues and expenses against the risks of cancellation, postponement, curtailment, relocation or abandonment of the event for reasons beyond the control of the event organizer. The policy is an “all-cause” coverage and can protect against severe weather conditions (hurricanes, tornadoes and severe winter storms), venue unavailability (due to fires, floods and power outages), threats or acts of terrorism, communicable disease outbreaks, earthquakes, wildfires, labor strikes, non-appearance of a key person and more. This coverage covers all occurrences within the policy period, such as a fire at the venue months prior to the event.
This "all cause" coverage includes enforced reduced attendance, meaning if there is a significant reduction in attendance due to the above listed circumstances, the insured will be protected.
Tokio Marine HCC - Specialty Group can provide event cancellation insurance for events in the U.S. and throughout the world. Our binding authority with Lloyd's of London, along with strategic alliances with top-rated U.S. carriers, enables us to manage the insurance needs of these events, which often have hundreds of millions of dollars at risk.
TotalEvent® Insurance Online
Event cancellation insurance can be purchased online through TotalEvent® Insurance Online for trade shows, conventions, expositions, meetings and seminars. The TotalEvent® system allows users to complete an application, receive a quote, make payment, and bind and print the policy. Both brokers and direct customers can access TotalEvent® by clicking the portal link in the top right-hand corner of the page.