Event Cancellation

Category: Events
Industry: Sports & Entertainment
Group: Specialty Group

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.

Highlights

Based on gross revenue or expenses for the event
Broad, "all-cause" coverage
Optional nuclear / biological / chemical terrorism coverage

Best For

Concerts
Conferences
Fairs / festivals
Major sporting events
Trade shows / conventions

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, 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.

Event Weather

Event weather insurance protects revenue losses caused by adverse weather conditions that reduce attendance and the sales of concessions, food and parking.

Transmission Interruption

Transmission interruption insurance covers the transmission of any live or one-time event.

Golf Tournament Cancellation

Golf tournament cancellation insurance provides coverage for financial risks associated with running a golf tournament.

Why Tokio Marine HCC?

Tokio Marine HCC is a leading specialty insurance group with offices in the United States, Mexico, the United Kingdom and Europe, transacting business in approximately 180 countries and underwriting more than 100 classes of specialty insurance. Our products and capabilities set the standard for the industry, and many of our almost 3,000 employees are industry-leading experts. Each of our highly entrepreneurial businesses are equipped to underwrite special situations, companies and individuals, and acts autonomously to deliver effective solutions.