Special event insurance, cancellation insurance and weather risks
Special events are subject to major specific risks. Among these, the risk of total or partial cancellation can jeopardize the profitability of the manager of the event.
Its financial survival can event be at stake if no relevant insurance coverage was bought.
Typically, event cancellation can follow meteorological hazards (storms, heavy rain, strong wind, lack of snow…) administrative of legal decision (terrorist threat, airport closure…) or no show of artists, lecturers, performers etc… All these hazards can be covered by suitable insurance policies.
Whatever the kind of event (festival, concert, sporting event, exhibition, commercial fair…), whatever its size or its budget, Pasion can implement a financial insurance coverage protecting the manager of the event in case of cancellation for selected external reasons. This financial compensation can apply to the global turnover but also to fixed costs, organization costs, ticket refund costs, marketing expenses….
Marketing and advertising expenses can be protected separately and independently of the event in the case of sponsors for instance. In addition, Pasion, can cover the liability of the manager of the event towards participants and attendees (in case of accidents or food poisoning for example) as well as all kind of material damages. Lastly, film production and shooting budgets can also be protected in exactly the same way.