Event cancellation insurance protects revenue or expenses from an event against cancellation, postponement, curtailment, relocation or abandonment of the event for reasons beyond the control of the event organizer. Some of these reasons might include severe adverse weather (hurricanes, tornados, severe winter storms, etc.), venue unavailability (fires, floods, power outages, etc.), threats or acts of terrorism and communicable disease outbreaks. ESP Specialty can provide event cancellation insurance for many events in the U.S., Europe and throughout the world.
Based on the gross revenue or expenses for the event optional coverages may include acts or threats of terrorism, communicable diseases and biological / chemical terrorism
The policy is an “all-cause” coverage and can protect against severe weather conditions (hurricanes, tornados, severe winter storms, etc.), venue unavailability (due to fires, floods, power outages, etc.), threats or acts of terrorism, communicable disease outbreaks, earthquakes, wildfires, labor strikes, non-appearance of a key person and more.
Minimum premiums are subject to risk purchasing group program restrictions only.
Fairs / festivals
Major sporting events
Trade shows / conventions
Based on the projected gross revenues or expenses of the event
Up to $85 million in-house capacity