EVEN THE BEST LAID PLANS …
Pulling off a successful event takes a whole lot of time and effort. But just one unanticipated incident can result in devastating financial losses for a promoter or producer. We develop holistic protection plans that address the big picture and often-overlooked nuances of event risk and coverage.
Coverage options include:
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Event cancellation. This coverage protects event expenses and revenue against cancellation, postponement, rescheduling or abandonment caused by reasons beyond anyone’s control. Reasons like adverse weather, earthquakes, terrorism, communicable disease or venue unavailability.
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Non-appearance coverage. We can add this coverage to your event cancellation policy to provide protection for when your athletes or performers miss a scheduled event. Perils such as accidental injury, illness and death are included and can extend to immediate family.
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Prize indemnity. This insurance covers the costs of monetary awards or prizes for a variety of special events and contests like full-court basketball shots, TV game show contests, corporate or charity-sponsored competitions, and other promotional activities. We also provide surety bonds for games of chance.
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Contract bonus coverage. If you’re a corporate sponsor, sports team or entertainment organization that added a financial incentive into a professional athlete’s or entertainer’s contract to fulfill a certain goal, you’re taking a risk. We’ll move the risk from you to an insurance carrier.
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Promotions & awards. Sometimes a promotion works a little too well. We put policies into place that enable a sponsor or organization to fulfill a promotion’s promises without harming their bottom line.
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Weather/rain insurance. Weather is the biggest unknown when you’re working outside. We’ll determine which elements you’re likely to face and structure a cost-effective insurance policy that recoups losses caused by them.