Event Cancellation & Postponement Insurance

Event Cancellation Insurance

Event Cancellation Insurance

Event Cancellation Insurance

Event Cancellation Insurance

Event Cancellation Insurance

Event Cancellation Insurance

EVENT CANCELLATION & POSTPONEMENT INSURANCE

FOR EVENTS, WEDDINGS, EXHIBITIONS, SPORTS EVENTS

Event insurance helps organisers protect their events against unexpected situations which would otherwise leave them subject to hefty costs, potential lawsuits and loss of business.   In fact, planning for event insurance is something that should be at the top of an organiser’s to-do list as leaving it late may mean not finding the cover you need, or even not getting Covered.

If you are Planning an event make sure you have appropriate event insurance in place, which can help protect your event from those unforeseen circumstances and losses to your business namely 

As per IRDA Guidelines it is mandatory to take a Event Cancellation & Postponement Insurance Policy. You can take a Fire Material Damage or a Public Liability without the same.

Below coverages will differ from Insurer to Insurer

EVENT CANCELLATION & POSTPONEMENT INSURANCE POLICY

1. Cancellation due to Fire & Allied Perils
2. National/ State Mourning only due to death of PM/ President/ Vice President / CM of State in which event is taking place and terrorism
3. Key Utilities or Equipment Failure – Electrical Accident provided Generators are on standby 24 x 7
4. Denial of access to the venue by Emergency Services
5. Weather Electrical / Mechanical breakdown and or Loss damage to the system on account of external accidental causes beyond the control of Insure
6. Coverage for Unrecoverable Out of Pocket Expenses & Deposits
7. Non – Performance / Appearance of Named artist or Named person
8. Terrorism acts and threats
9. Riot, Strike and Malicious Damage (RSMD)
10. Bandh Civil Unrest
11. Non-Transportation / Non-Availability of Electronic Equipmen

LOSS OF REVENUE INSURANCE – SPECIALLY STRUCTURED FOR TICKET SELLING AND SPONSORED EVENTS ONLY

• a proper breakup has to be given for Revenue generating events like Sponsorship Money, Ticket Sales Money, F&B Sales, Revenue generated from Television etc. prior to getting a quote

 ADD ON COVERAGES FOR EVENT CANCELLATION INSURANCE

1. FIRE MATERIAL DAMAGE – to Props, Sets, Stage, Seats, Equipment, Studio, Costumes, Temporary Structures (from Setup till Dismantling)
2. PUBLIC LIABILITY / COMMERCIAL GENERAL LIABILITY
3. ARTISTS – ACCIDENT INSURANCE POLICY
4. CREW – ACCIDENT INSURANCE FOR INTERNATIONAL EVENTS
5. WORKMEN / EMPLOYEE COMPENSATION
6. MARINE INSURANCE
7. ADVENTURE PARK LIABILITY INSURANCE
8. KEYMAN DIRECTORS & OFFICERS LIABILITY
9. CYBER INSURANCE
10. TRAVEL INSURANCE
11. MEDICLAIM – GROUP & INDIVIDUAL

CLAIM SETTLEMENT DOCUMENTS

• We will require proper signed contracts, agreements, GST Invoices with your vendors during Claim settlement.

Request you to kindly call us back to discuss your Event Insurance requirement in brief 

Khushroo Kekobad

Call / WhatsApp -+919967066845

E – yourinsuranceconsultants@gmail.com

W – https://www.liveonstage.co.in