The New York Road Runners Club will be collecting on an event cancellation policy after this year's New York City Marathon was cancelled due to Hurricane Sandy and its aftermath. Click Here to read Insurance Journal's article about the ongoing process of collecting on that policy. Event Cancellation Insurance is an important coverage for many businesses including:
- Professional Sports Teams
- College Athletic Departments
- Golf Tournaments
- Fund Raising and Charity Events
- Bowl Games and All-Star Games
- Even Weddings!
Event Cancellation Insurance can be structured a number of different ways depending on the insureds coverage needs, finances, event type and many other factors. Coverage can be structured to cover a single event such as the MLB All Star Game, a number of games during a season or so that the payout occurs when a specific amount of rain falls during a specified time. It is important for the organization to identify the amount they can not afford to lose and then structure the coverage to ensure this important amount of revenue is always there.
Boca Insurance Group are experts in structuring and obtaining event cancellation coverage that meets your needs and provides peace of mind for event organizers. Call us today for a quote on your Cancellation Insurance- 954-596-0691 or e-mail us at Pat@bocainsgroup.com
No comments:
Post a Comment