|Event Can Plus Insurance |
Events large and small have one thing in common—they take lots of planning and involve significant expenditures. When planning an event, organizers anticipate every possible scenario and have contingency plans for each. But there are some circumstances that are beyond one’s control—and they can have a severe impact on the financial investment in the event. Natural disasters, lost supplies, airline strikes, power failures—all can dramatically impact events, and all of these scenarios are out of the organizers’ control.
We are pleased to announce that it now offers Event Can Plus Insurance through our MGA to cover lost revenue and/or expenses incurred because of unexpected cancellation or disruption of a planned event. Conferences, conventions, trade or consumer shows, meetings and seminars are just some of the business events that are prime candidates for this type of coverage.
Losses That Qualify for Reimbursement/Coverage
• A storm that hit the West Coast; led to the cancellation of; an auto parts exchange show. Drains in the parking lot of the stadium where the show was to be held were not working and the lot flooded, preventing access to the facility by both exhibitors and attendees.
• A well-known author was scheduled to give a keynote speech at a community-wide open house organized by a university in the Pacific Northwest. The author was unable to attend due to illness and the university’s open house weekend was cancelled.
These Claims Examples are for illustrative purposes only. Please remember that only the insurance policy can give actual terms, coverage, amounts, conditions, and exclusions.