Event Insurance is important for sports facilities and promoters responsible for organising sporting events. There is a whole host of reasons that sporting events can be interrupted, cancelled, abandoned, postponed, or relocated and Event Cancellation policies are designed to cover costs, expenses and revenues should this happen.
Cancellation & Abandonment Insurance will cover any expenses or lost revenue that you might stand to lose if the event you are holding is cancelled, abandoned or postponed for unforeseeable reasons beyond your control.
With significant money spent upfront in promoting the sports attraction, producing tickets for the event and organising necessary supplies, facing the reality of having to refund the ticket sales that covered those costs can be a heavy burden for many businesses.
Some of the contingencies covered under this type of policy, include;
Event Insurance can also provide cover for equipment owned or hired by you, specifically for the purpose of an event, such as specialist Sports Equipment, Cups & Trophies, Audio & Visual Equipment, Stages, Stands, Inflatable Pitches etc and can also provide cover for Money including Prize Money.