Event Cancellation

This program offers protection against the unexpected. No matter how much you plan for an event, there can always be circumstances that are beyond your control.

This program is a financial risk-management tool used to protect against loss of gross revenue or cost and expenses caused by uncontrollable circumstances at an event. This policy is meant to respond with respect to cancellation, abandonment, postponement, interruption or relocation of your event (in whole or in part), provided always that the cause for such loss is beyond your control and the control of any other party that is key to the success of the Event.

Over 100 different event types can benefit from this coverage include outdoor festivals, trade shows, sporting events, conferences, film shoots, concerts, carnivals, corporate events and many more!

Event Insurance protects costs and expenses or revenues associated with an event, such as travel expenses, venue costs, ticket sales, advertising and sponsorship revenues, and more. It often complements other forms of event insurance such as event liability. Coverage is available for the following perils:

• Inclement weather
• Natural catastrophe such as earthquake, flood, fire
• Extra expenses
• Power failure
• TV transmission failure*
• Public transport failure or denial of access
• Failure to vacate the event venue
• Strike risks
• Terrorism or threat of terrorism*
• The inability of any person(s) to appear at your event e.g. speakers, teams or performers non-appearance

*This is a special consideration request and must be clearly identified on your application for coverage

The insurance of an organization’s physical assets against risk is considered to be essential for any well-run business. Event risks typically fall outside more easily recognized insurance covers, yet coverage for events has just as an acute effect on the balance sheet as that of any other standard coverage.

Considering the time and money it takes to plan an event, the risks to the bottom line are substantial. When disaster strikes, event insurance protects against the loss of costs and expenses or revenues for a small fraction of that exposure

There are certain exclusions for event cancellation coverage and will be subject to your policy wording. The principal exclusions are:

• Financial failure of the event
• Insolvency or financial default
• Lack of sales or shortage of receipts
• Variation in the rates of exchange or stability of any currency
• Lack of or inadequate attendance or insufficient interest prior to the date and time scheduled of the event.
• War, invasion, acts of foreign enemies, hostilities **
• Terrorism **
• National mourning **
• Communicable diseases **

** For these exclusions an extension may be available for purchase, some examples include: Enforced Reduced Attendance, Catastrophe Non-Appearance, Governmental Intervention Extension, National Mourning Extension, Deductible Options, Family Extension, Open Air Stage Clause Modification and more. – We welcome any other requests you do have. Please feel free to contact us to discuss additional coverage.

The types of incidents which could jeopardize event costs and expenses, or revenues are virtually endless. Claim examples include:

Adverse Weather

• Freak snowfall causes curtailment at exhibition
• Gale force winds cause circus tent to collapse
• Freak hailstorm causes cancellation of speedway event
• Flooding causes grandstand seating to sink
• Fog causes cancellation of ski event

Fire Damage

• Fire destroyed exhibition centre
• Forest fires cancel football match

Structure Damage

• Boat show curtailed following partial collapse of temporary pool structure
• Roof collapse causes cancellation of motor show
• Assembly of marquee structure is hindered causing delay in event opening

Utilities Failure

•  Power grid supply failure causes shut down of theatres
• Water supply failure causes shut down of exhibition
• Denial of Access to event location resulting from a gas leak

Other Anomalies

• Performer attacked by audience member
• Jet crash kills pop star resulting in cancellation of tour
• Murder on 4th green causes Police to restrict access to golf course
• Stage hydraulic failure cause the stage to collapse at rock concert
• Sprinkler leakage causes flooding and damage to exhibits and venue

*Examples Only - PAL reserves the right to address each claim individually for eligibility*

For PROPOSAL/ QUOTE, please follow these steps:

• Please CLICK HERE to apply.