At Tokio Marine HCC, we understand the risk inherent in producing large events. When an event is cancelled or under threat of cancellation, those involved may face additional expenses as well as profit loss. Our event cancellation insurance offers protection against loss of revenue or irrecoverable costs following unforeseen disruptions to your event.
Summary of Coverage
Event cancellation insurance will cover the impact to revenue or expenses should an event be cancelled, abandoned, interrupted, postponed or relocated for reasons beyond their control. Examples of covered causes of loss include severe weather conditions (hurricanes, tornadoes, winter storms or torrential rain); fires including forest fires or bushfires; floods; power outages; acts or threats of terrorism; earthquakes; volcanic eruptions; labour strikes or civil commotion.
Our policies will also cover mitigation costs reasonably incurred by the insured in an effort to prevent the cancellation, abandonment, interruption, postponement, curtailment or relocation of an event.
