Event organizers are exposed to the risks of event being cancelled abandoned, postponed, interrupted, or required to be relocated with all such contingencies resulting in severe financial consequences. Events can also get cancelled or abandoned due to Sate Mourning or adverse weather conditions, celebrities or artists not showing up, cancellation of the concert/event or rescheduling of their trips (cancellation due to Non-appearance).
The above contingencies, including insuring the profits as well as the actual financial loss due to the cancellation of a scheduled event, can be insured under suitably designed Event Insurance.
