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.
ESP's policy protect clients beyond control of the event organizer such as cancellation, relocation, or complete abandonment. Since the policy is "all-cause", the coverage protects clients from events such as severe weather, threats or acts of terrorism, communicable disease outbreaks, non-appearance of a key person or presenter, and much more. In addition, a mandatory reduction in attendance would also be covered.
Minimum premiums are subject to risk purchasing group program restrictions only.
Based on the projected gross revenues or expenses of the event
Up to $85 million in-house capacity