This kind of insurance will
indemnify the costs if an organization or event has to be
 •
cancelled,
•
postponed,
•
interrupted or
•
relocated
due to any cause that may occur beyond the control of the
organizers such as; accident, illness, death or travel delay
etc.
Organizations that can be insured:
• Sport Games,
• Sporting Events,
• Concerts,
• Conferences,
• Exhibitions & Conventions,
• Meetings,
• Ceremonies,
• Theatre Events,
• Fairs,
• Festivals,
• Cultural & Amusement Organizations,
• Lectures,
• Miscellaneous,
• Parties,
• Political Meetings,
• Religious or Spiritual Gatherings,
• Sales,
• Shows,
• Games & Dance.
Scope of Coverage:
• Natural Disaster,
• Terrorism,
• Adverse Weather Conditions,
• Health Problems, and
• Mechanical Breakdown.
Financial loss could include:
• Costs which have been incurred but cannot
be recouped,
• Any form of income received but which
must be returned (such as; admission fees, sponsorship monies,
merchandising contract payments and broadcast rights payments),
• Additional costs incurred in postponing
or relocating the event, or in minimizing the loss,
• Loss of budgeted profit.
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