Event Cancellation Insurance

Even with careful planning and precautions, events get cancelled. Whether it’s due to a dangerous thunderstorm or a workers’ strike – an unexpected event cancellation can put a huge strain on any budget. In almost any scenario Petersen International Underwriters can insure unforeseen expenses and lost profits when an event is canceled.

We not only cover the cancellation of Concerts and Sporting Events, but also Theatrical Productions, Conferences, Indoor & Outdoor Shows, Exhibitions, Product Launches, Charitable Events, and Video & Film Shoots, to name just a few.

With our Event Cancellation Insurance, we insure Promoters, Sponsors, Musicians, Athletes, Agents, Venues, Caterers, Merchandisers, and more for expenses and profit. Purchasing Event Cancellation Insurance will protect you—and others—from financial losses due to circumstances beyond your control.

Common Uses

Perils which can be considered for Event Cancellation:

  • Adverse Weather
  • Natural Disasters
  • Labor Strikes
  • Terrorist Activities
  • Transportation Delays
  • Non Appearance
  • And Others

Take The Case Of...

A Southern California city that hosts a free New Year's Eve concert in their central square. They offset some of the cost by selling tent booths to local vendors and restaurants for promotion. But, since it is outdoors and on New Year's Eve, they are concerned with the weather, even in Southern California. So several weeks before the event they buy Cancellation coverage including Adverse Weather so that they can refund the vendors and restaurants if the event has to be cancelled.

Luckily they were properly prepared because a few years ago the city's fire department cancelled the event due to heavy rain and poor drainage which made for an electrical hazard with all the generators and power cords that had been laid out.