Industries

Event Cancellation Insurance

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A specialist approach to event cancellation insurance and claims

Despite the best-laid plans, event cancellations happen — due to venue damage, loss of utilities, or other causes.

What is event cancellation insurance?

Event cancellation insurance safeguards your balance sheet if you need to cancel, postpone, curtail, relocate, or abandon an event due to an insured peril. It helps reimburse:

  • Irrecoverable expenses
  • Relocation and other additional expenses
  • Verifiable lost revenues
  • Advance revenues that may need to be refunded

Triggers for event cancellation coverage

Though policies vary, common insured perils include:

  • Severe weather (hurricanes, tornados, nor’easters, etc.)
  • Venue unavailability (fires, floods, power outages, etc.)
  • Acts or threatened acts of terrorism
  • Earthquake
  • Wildfire
  • Labor strikes
  • Civil unrest
  • Non-appearance of key speaker/guest
  • Catastrophic non-appearance of attendees
  • National mourning
  • Cyberattacks or malfunctions

Types of events to insure

Many event types can benefit from event cancellation insurance. Consider this coverage for any gathering that involves high upfront investments and potential for significant financial loss if a cancellation or disruption occurs.

  • Corporate events: Sales conferences, investor meetings, product launches, executive retreats, annual general meetings, corporate incentive events
  • Entertainment and arts: Music festivals, award ceremonies, film premieres, theatrical performances or productions, celebrity galas
  • Sports and athletic events: Professional sporting events, marathons and triathlons, Olympic-scale trials or regional games, e-sports competitions
  • Social and private events: Large-scale weddings, high-net-worth celebrations, destination events requiring international travel and exclusive venues
  • Trade and exhibition events: Global industry shows, expos and fairs, fashion shows
  • Nonprofit and community events: Fundraising galas, political campaign events, cultural festivals, university events, religious gatherings
  • Tech and science events: Tech product launches or keynotes, scientific conventions

Effective, affordable coverage for any event

Risk Strategies has deep expertise in the events industry and access to all key insurers providing cancellation coverages. We help individuals and organizations of all types that are managing, hosting, or staging an event.

You’ll get a complete solution — from event insurance planning and design to pre-loss risk management — as well as full claims advocacy service in the event of a loss.

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Practice Leadership

John Hamby

National Entertainment Practice Leader

Lida Davidians

Senior Vice President, West Coast

Janice Ruiz
Senior Vice President, West Coast
LeConte Moore

Managing Director

Scott Schachter

Northeast Entertainment Leader

Tavy Smith
Growth Strategy Leader, VP | Entertainment
[BlogPost 94337676413 The New Normal: What’s Behind the Rising Cost of Event Coverage, BlogPost 81786194535 The Show Must Go On – How Broadway is Tackling Ongoing Challenges | Risk Strategies]

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