Marsh Canada’s Event Cancellation program has been designed to protect the capital outlay of those Canadian entities that host events.
The program provides comprehensive coverage for any additional costs and expenses or revenue lost when a planned event is cancelled, abandoned, postponed, interrupted, or re-located as a result of unforeseen circumstances beyond your control.
These unforeseen circumstances could include but not limited to:
- Inclement weather
- Natural catastrophe
- Public transport failure or denial of access
- Power failure
- Terrorism or threat of terrorism
In addition, the coverage provides all risks protection for covered property owned, leased or rented by your organization while at the event or in transit and reimburses you for theft of on-site registration receipts. The Event Cancellation program provides comprehensive insurance coverage for all types of events, both sporting and non-sporting events.
Who Will Benefit?
In order to qualify for this program, the event must be held in Canada, the U.S., or other approved countries.
Marsh's Event Cancellation program is designed for and targeted to entities hosting the following types of events:
- Sporting events and competitions
- Trade shows, conferences, and lectures
- Carnivals, festivals, and fairs
- Film and television premieres
- Concerts and tours
- Corporate functions and community events
- Weddings, bar mitzvahs, christenings, and memorials
Why Buy This Product?
Have you ever considered what would happen if your event had to be cancelled—because of a fire or the collapse of the convention hall or meeting centre; an airline strike or a hotel workers’ strike?
When considering the revenue generated by your event, you realize how vulnerable you are to unpredictable circumstance — that are beyond your control. Event Cancellation insurance provides the protection for your capital outlay and expected revenue from the event.
The Event Cancellation program presents a number of advantages which differentiates it from the other programs available in the market.
The benefits of buying this coverage are:
- Broad coverage has been specifically designed for Marsh clients.
- Preferential rates allow for competitive pricing.
- 24/7 claims reporting service throughout Canada with access to bilingual claims adjusters.
- This program was developed by Marsh whose size and worldwide presence brings significant risk advisory expertise and experience to assist you with your insurance needs.
Coverage Features
Coverage provided under the Event Cancellation program has been created to meet the needs of Canadian organizers of events.
This coverage is extensive and can be arranged 36 months in advance of the event. Coverage can be extended to include Terrorism, Communicable Disease, and other perils.
Some of the perils that are covered include:
- Inclement weather
- Natural catastrophe (e.g. earthquake, flood)
- Power failure
- Television transmission failure
- Strike risks
- Terrorism or threat of terrorism
- The non-appearance at an event
Coverage is also provided for costs and expenses or revenues (e.g. travel expenses, venue costs, ticket sales, etc.) that may be incurred as a result of the event.