| There are many event insurers, who would offer | | | | Most event insurers will help you insure |
| the cover that goes much further than just the | | | | revenue from ticket sales and sponsorship, in |
| total cancellation of the event. It will normally | | | | case if the event is cancelled. |
| include relocation, postponement, abandonment or | | | | Sometimes a risk can be outside the |
| other crucial changes from the pre-planned | | | | parameters of the agreement, therefore you |
| programme, content or timing. Each policy is | | | | must always ask for an expert advice before |
| different, and therefore has to be worked out | | | | buying a policy. With the development of this |
| well ahead of time. This type of policy is quite | | | | market it has become relatively easy these days, |
| often designed to cover different areas of the | | | | to search for the best and most reliable local |
| events market, also offering extensions which are | | | | insurers or underwriters in your area, who can |
| appropriate to that type of event. However, it is | | | | extend cover for you as an employer should your |
| completely flexible so that the insurance can be | | | | staff make a claim, as well as cancellation |
| tailored to the requirements of each client and | | | | insurance, which will recover the money lost if the |
| that of each event. | | | | event has to be canceled for reasons beyond |
| These days, you can get quotes, compare | | | | your control. |
| different policies and buy the best value event | | | | Whether you like to insure total revenue or |
| insurance on the internet with quality event | | | | just the expenses, the sum insured will have to |
| insurers within a matter of minutes. | | | | be the total revenue or expenditure for the |
| If your event is indoors, at a proper venue, | | | | event. However, it's not a good idea to |
| then cancellation or disruption due to adverse | | | | underinsure your event as this could have the |
| weather is covered as part of the standard | | | | effect of reducing the amount paid in a claim in |
| cover. For example, you are insured in case of | | | | proportion to the extent of underinsurance. |
| flooding, the organiser may not be able to get the | | | | As an event organiser, it is your responsibility to |
| equipment to an event, and this may stop the | | | | arrange event insurance as early as you possibly |
| event taking place. | | | | can as in most cases, you may not be allowed to |
| However, if the event is taking place | | | | get the cover at very short notice and the |
| outdoors, you can still get the cover, but the | | | | premium will have to be paid before the start of |
| premiums are generally higher and the risk may | | | | an event. Most event insurers do not offer cover |
| be underwritten individually. Everything will depend | | | | less than 14 days prior to the start of the event. |
| on a number of factors including where the event | | | | They know in advance due to long range weather |
| is and also the time of year. In some case, | | | | forecasts facility, whether the bad weather is on |
| conditions of the place where event is taking | | | | the way, and if that's the case, the risk becomes |
| place and the nature of the event are also quite | | | | a known existing one, so cannot be insured. |
| important. | | | | |