Policy includes coverage for event cancellation, general liability and property
Staff on September 22, 2017
CFC Underwriting has expanded its contingency insurance offering with the launch of a brand new event insurance package policy for its Canadian customers.The new policy includes insurance for instances of event cancellation in addition to general liability and property cover for the event. The event cancellation component is also offered on a standalone basis and covers the costs with an event being cancelled, abandoned, postponed, or relocated for reasons outside of the insured’s control, including the non-appearance of a participant.
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“Historically, brokers have had to pull a patchwork of policies together to provide their clients with comprehensive cover [for events]. That has changed with the introduction of our new event insurance policy,” said Matt Helm, contingency practice leader at CFC, in a statement. “Our broad package solution provides limits of up to $10 million and gives Canadian brokers and clients a one-stop-shop saving them both time and money.”
CFC’s new product enables organizers to protect the financial investment of their event including everything from agreements with spectators, staff and performers to building and contents damage. Optional extras include cover for terrorism, adverse weather, earthquakes, communicable diseases and non-appearance, according to the company’s announcement.
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