When Plans Fail, the Costs Don’t—Is Your Event Financially Secure?
A canceled concert, stadium accident, or last-minute event disruption can result in millions in losses. Without Event Cancellation Insurance and Sports Event Liability Coverage, organizers may face legal claims, lost revenue, and logistical nightmares.
What Makes Event & Sports Cover Insurance Essential?
Stage, Set & Equipment Cover
Most events like concerts and performances require specialised stage equipment which can be if significant commercial value. This section covers loss of or damage to the props, set, stage or equipment arising out of any operative peril like fire, flood, storm or mob violence.
Public And Liquor Liability
While event managers accord a high degree of importance to the risk of event disruption due to commercial reason public injury can lead to more significant risks. This can be due to a peril or collapse of the temporary structures to a liquor related violence which need to be insured.
Personal Accident
While the public are at a risk of injury the crew, employees of event organisers and performers are exposed to larger risk of accident. Event organisers can seek specialised personal accident cover to secure themselves from the risk of death or disability of the people involved.
Broadcast Failure
In a connected world of high media spends, event coverage and transmission has a large dedicated spends on every event which far exceeds sponsorship money. A coverage or broadcast failure can lead to huge financial losses to organisers which need adequate cover.
General Adversity Cover
A cricket match can have millions of dollars dedicated to event rights and cost of tickets sold. A rain interruption or a cancellation due to spectator violence, riots, even a state mourning can lead to postponement, relocation cancellation or abandonment which can all be insured.
Cricketing Event Cover
A cricket match cover can be guided by series of parameters defining the loss. It may need defining the number of balls to be bowled before loss arises. Organisers may still need an exhaustive expense and broadcasting fees cover to tide over the loss of a curtailed event.
