Event Cancellation Insurance 

Event Cancellation Insurance 

Our Event Cancellation Insurance is what is known as an "all-cause" coverage. This means that as long as the cause of your Event being Cancelled, Abandoned, Postponed, Curtailed, or Relocated is beyond your control and not excluded, you are covered for it.

Our rates are always among the lowest you will find. You can expect to pay between $2.50 and $5.00 per $1,000 of coverage. So $1 million dollars of coverage will cost between $2,500 and $5,000.

Some of the clientele we cover are the Republican and Democratic National Conventions, most Major League Baseball Teams, as well as many other large venues. This is due to our broad coverage, low rates, and unsurpassed customer service.

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What Is Covered
 

Often times, events have problems that no one expected which is why it is good to have an "all-cause" type of coverage. Some of the situations that this Insurance is commonly used to protect against include:

Severe Adverse Weather (hurricanes, tornados, severe winter storms)

Acts of Terrorism including the Threat of Terrorism and BIOLOGICAL & CHEMICAL ACTS OF TERRORISM (9/11 terrorist attacks, Spain 2004, London 2005, Oklahoma City 1995)

Venue Unavailability (from perils such as fire, structural collapse, gas leaks, and flooding)

Earthquakes

Wildfires

Labor Strikes (whether they take place in the city of your event or are national in scope like a transportation strike that prevents people from getting to your event)

Power Blackouts (like that occurred across the U.S. in 2003)

Communicable Disease (like Avian Flu, SARS epidemic of 2002 or a local outbreak of the Norwalk Virus)

Non-Appearance of a key Speaker or Entertainer

Major Riots and Civil Commotion

National Mourning (i.e. death of the U.S. President)

Benefits of Coverage

Event Cancellation Insurance is most commonly used to protect the Gross Revenue or Expenses from your Event in the event it is Cancelled, Abandoned, Postponed, Curtailed, or Relocated.

In addition, there are many other valuable benefits that our coverage provides:

Enforced Reduced Attendance Coverage - This covers your loss of Gross Revenue when your Event takes place but suffers a substantial reduction in the projected attendance of attendees or exhibitors due to a covered cause (i.e. winter storm).

Extra Expense Coverage - This covers additional expenses you incur during a loss to continue with the normal operations of your Event.

Supplemental Event Coverage - Any additional events you schedule during the Policy Period with a Limit of $100,000 or less can be added on to the Insurance for NO ADDITIONAL PREMIUM. No application or notice is necessary for these additional events.

Marketing Expenses Coverage - This can provide you with up to $100,000 for marketing and public relations expenses for a rescheduled event or next year's

Auditable Policy Limits - If your actual Gross Revenue generated from the event is at least 5% less than the projected Revenue you have insured Premium that

Coverage for Insured Financial Commitments - In addition to the Gross Revenue or Expenses covered, you are also covered for financial commitments you are contractually liable for such as hotel room blocks. Coverage automatically applies for these commitments for up to the full Policy Limit PLUS an additional 20% if needed. They need not be declared in advance.

Personal Property Coverage - This covers loss or damage to owned or leased personal property at your Event.

Door Registration Receipts Coverage - This covers you for the theft of door registration receipts from your Event.

In addition, we can provide the most terrorism options in the market - including providing "full" terrorism by removing the terrorism exclusion all together and offering coverage for Threat of Terrorism. In addition, if any other time & distance Limited Terrorism options are desired that are not listed on the Quotation please let us know and we can likely provide them.

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Please contact us for more information and a quote:

Robert Weber

(800)528-7975 ext101

Robert@rainprotection.net