The importance of getting the right event cancellation policy this summer
Festivals frequently top the headlines throughout British summertime and rarely for the right reasons. The deaths of two teenagers in May 2018 at a festival in Hampshire shocked many, and festivals goers were doubly disappointed when the organisers decided to close the event early out of respect and for the sake of public safety.
There are a myriad of things that can go wrong with a festival; performers don’t show up; entrants queue for hours on end to enter; and especially in the UK bad weather can ruin the entire event; but worst of all the event may be cancelled completely.
Whilst partygoers may be disappointed when an event is cancelled the admin headache for organisers is just beginning.
Geo Underwriting's event insurance is specifically designed to cover liability, equipment, money, adverse weather, cancellation and non-appearance for the small, mass-market end of the events industry. They will cater for any event, such as village fetes, product launches, conferences, exhibitions and the like with an estimated attendance of up to 15,000 people (bespoke cover can be arranged for larger events or where limits are exceeded).
Coverage includes, but is not limited to:
- Employers' liability - £10,000,000 limit of indemnity
- Public and products liability - up to £5,000,000 limit of indemnity
- 'All risks' equipment (owned or hired): up to £75,000
Cover Provided - Cancellation, Abandonment and Non-Appearance Product
The policy provides cover in respect of:
- Damage to the venue
- Failure of public utilities
- Denial of access
- Natural hazards
- Technical defects (power failure, breakdown of technical installations)
- Adverse weather
Optional extras include:
- The non-appearance of any person critical to the success of the event
- Acts of terrorism
If you would like to talk to Geo Underwriting about their event cancellation proposition, CLICK HERE, leave a message and youTalk-insurance will pass your enquiry on
The Geo journey has begun.
An exciting future lies ahead as our Towergate businesses move over to Geo. From 1 February 2018, our personal lines business joins Geo Specialty in operating under the Geo brand. The move marks the next step in a programme of change as we transform into an agile MGA structured for long term success in an evolving insurance market.
Our commercial businesses will soon also move over to Geo, completing the operational phase of the transition. But that’s by no means the end of it. We’re on a journey to make a difference. To carriers. To brokers. To the industry as a whole. Geo is the start of that journey.
We look forward to sharing it with you.
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