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Event Cancellation Insurance

Event Cancellation Insurance
In response to the needs of our clients, K&K Insurance now offers an event cancellation insurance program designed specifically to protect event organizers, promoters or sponsors against cancellation, abandonment, postponement, interruption, curtailment or relocation of insured events.
 
Coverage is available on a first-dollar basis. Deductibles in the form of a fixed dollar amount or a percentage of the sum insured are also available in order to reduce the risk pricing. The program is offered on surplus lines paper through Lloyd’s with the option of insuring either gross revenues or the loss of costs and expenses.
 
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Eligible Operations for Event Cancellation Insurance:
(Including but not limited to)
- Community event cancellation
- Music event cancellation
- Concert event cancellation
- Special event cancellation
- Convention event cancellation
- Sporting event cancellation
- Conference championship
  (e.g. amateur/collegiate/high
  event cancellation
  school/professional event)
- Exhibition event cancellation
- Teleconference event
- Fair event cancellation
  cancellation
- Festival event cancellation
- Trade show event cancellation
- Motorsport event cancellation
- Wedding event cancellation
 
Causes of Loss May Include
- Power failure
- Damages to leased or rented premises
- Damage to surrounding venues or infrastructure resulting in
  lack of access
- Failure of public transport facilities or denial of access
- Natural catastrophe such as earthquake and flood
- Non appearance of key individuals
- Inability to erect facilities at venue
- Disease outbreak (certain exclusions may apply)
- Strike risks
- Failure of TV broadcast
- Any other previously unforeseen cause not excluded under
  the wording
- Adverse weather conditions (This coverage is broader than
  rain insurance and there are no rain gage requirements.)
 
The policy covers the normal contractual relationships of an event organizer which can be adapted for any changed circumstances.
States AvailableAL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, DC, WV, WI, WY
Provider TypeManaging General Underwriter
AdmittedAll Available States
CarriersMultiple
Carrier RatingsInsurance carriers rated "A" or higher by A.M. Best
CommissionCommission paid on this program.
Min PremiumVaries



Coverages

Event Cancellation Insurance


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