Non-Appearance Insurance
When a special event hinges upon the presence of a specific person or persons, an accident or delay can ruin the whole production. The financial burden caused by a person or group’s failure to appear can be immense.
To protect against a financial loss when an event does not go as planned, Petersen International Underwriters offers Non-Appearance Insurance. This insurance plan can help cover the expenses and profit losses associated with the cancellation or modification of an event when an individual or group does not appear.
PIU will underwrite Non-Appearance Insurance for Promoters, Sponsors, Musicians, Athletes, Agents, Venues, Caterers, Merchandisers and others.
Whether it’s due to inclement weather, illness, a car accident, or other transportation malfunctions—the non-appearance of an important person or group can put a huge strain on any budget. Purchasing Non-Appearance Insurance will protect you—and others—from financial loss due to circumstances beyond your control.
Common UsesPerils which can be considered for Non-Appearance:
|
Take The Case Of...A current touring pop star has a 23 city concert tour sold out in just 35 minutes. The promoters were concerned with the possibility of an Accident or Illness that would force them to cancel or postpone any number of the shows. The promoters felt that there was enough profit that they could self insure the first three missed shows but after that the costs would be too great. So they bought a Non-Appearance policy from PIU on the pop star with a three concert elimination, which helped to keep the cost down. |

