Event Cancellation Insurance Coverage
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Don’t Plan an Event without Event Cancellation Insurance Coverage
If you are planning an event or special happening that will draw a large number of attendees and require a sizable budget, then you cannot afford to go without event cancellation insurance coverage. Whether the event is a big concert, a race, a festival, or a sporting event, there is always the possibility of unforeseen complications forcing you to cancel. Going into the event planning process with the proper insurance coverage will give you protection and peace of mind.
Tips for Getting More Value out of Event Cancellation Insurance Coverage
At OzPrize & Weather Insurance Specialists, we sell event cancellation and non-appearance insurance to businesses and event planning organisations throughout Australia. To help our clients get as much value as possible out of these policies, we always recommend a few things, including the following:
- Know exactly what is and isn’t covered: Event cancellation insurance is a broad type of coverage. It covers costs, expenses, or losses of revenues, and incidents in which events need to be cancelled, postponed, abandoned, relocated, or interrupted. It also covers problems caused by weather, natural disasters, power failure, transportation problems, terrorism, or the inability of a key performer or speaker to appear as scheduled. However, there are also things it doesn’t cover, such as problems with low ticket sales or bankruptcy. At OzPrize & Weather, we encourage our clients to read this document to understand what is and is not covered.
- Consider extending your policy:
As written, our policies for event cancellation do not cover problems with your event due to war, civil commotion, national mourning, disease outbreaks, and certain other circumstances. You may be able to purchase extensions to your policy if you believe that any of these issues will be a factor.
- Purchase additional policies from OzPrize & Weather: In addition to our event cancellation policies, we also offer insurance for damage caused by rain or other inclement weather, public liability, equipment that is central to your event, and any prizes that you may be giving out. Purchasing these additional policies will round out your coverage and ensure that your event is properly insured from top to bottom.
Common Mistakes People Make Regarding Event Cancellation Insurance Coverage
When purchasing insurance coverage for event cancellation, here are a few common mistakes to avoid:
- Making assumptions about coverage: At OzPrize & Weather, we try to be as clear as possible about what is covered under each of the policies we offer. If you are confused about what a certain type of coverage entails, do not hesitate to ask.
- Putting off buying coverage: Most events involve months-long planning processes, leaving plenty of time to figure out insurance coverage. However, once your event is two weeks away or sooner, you can no longer buy event cancellation insurance. Don’t put off this important consideration until the last minute.
By making sure that everyone is on the same page and planning ahead, you can avoid any problems with your event insurance if you end up having to cancel for an unavoidable reason.
Why Trust OzPrize & Weather Regarding Event Cancellation Insurance Coverage?
OzPrize & Weather has been providing event cancellation insurance coverage options for sports, entertainment, corporate functions, and private events for 12 years. Our Company MD, Ken Killen, has 33 years of experience in the industry. Between our experienced background and our particular understanding of this industry, you can trust us with your event. Contact us today to learn more.
Experience
With 33 years of industry experience, you can rest assured OzPrize and Weather Insurance will offer a professional and efficient service.
Licenced
We are fully licenced and insured to carry out services for our valued clients. You can have the peace of mind you’re always protected with OzPrize and Weather Insurance.
Tailored Service
We’ll collaborate with you to ensure our services are tailored to suit your specific needs. We commit to providing a unique experience for every client.
