Friday, October 25, 2013

Event Cancellation Insurance Can Cover 100% of Your Costs


You can take the worry out of planning ahead in an uncertain world with event cancellation insurance services. They will be there to help, when things just don't go as planned. As an experienced event organiser, you know to expect the unexpected and the things that are beyond your control means you have to cancel or abandon your event. And you can't always rely on your business insurance to cover you if something goes wrong. If your event is canceled for reasons beyond your control, then these companies will reimburse your irrecoverable expenses, up to the limit you choose. They will also pay you up to 100% of your irrecoverable costs, should the event has to be rearranged for another day - some insurers limit this to a lower percentage of your costs.

1. Whatever kind of event you're planning, you can rely on event cancellation insurance companies for truly insightful advice and cover that is tailored to meet your specific requirements.

2. Whether it's an award function, a conference, a musical event, fashion show, an exhibition or a product launch, these companies are always there to help you. The cover mainly includes loss of, or damage to, the venue's buildings, fixtures, fittings and machinery. Your policy may also include power failure and any other eventuality like late or non-arrival of items essential to the event such as AV equipment, exhibit items and non-appearance of a large number of participants. You can also get a cover for injuries from food poisoning caused by food or drink served as hospitality by you.

3. When plans get disrupted, the last things you need to worry about are living expenses and the cost of return transportation. These event cancellation insurance companies can also help you, when flights are delayed, luggage is lost, or connections are missed. They may even help you with ticket sales. This may include cancellation prior to departure - unused ticket charges associated with your trip that are not refundable and which were incurred before your departure date.

4. By using these services, you can protect your investment, as bad weather can ruin your corporate golf day or other special outdoor event. Either the event has to be cancelled or abandoned or your golfers get drenched and do not enjoy the day. This type of insurance can be used to cover not just your costs and expenses but also the profit your charity would have made had the golf day not been canceled or abandoned.

5. This type of insurance can be also be a very helpful tool, especially if you want to run a special prize competition to promote your business. As many local businesses (particularly car dealers) like to be associated with charity events you may well be able to find a company willing to pay the premium for you by way of sponsorship.

Event cancellation insurance companies can help you make your event into a joyous occasion. You can insure against cancellation, abandonment, property damage and public liability, thus enabling you to enjoy the celebrations without a worry.

No comments:

Post a Comment