You and your clients can do everything you can to plan an optimal outdoor event, like choosing months with better weather. But even the most experienced weather forecasters can’t always predict extreme inclement weather.  

If an event is canceled or postponed due to weather, your clients could face considerable losses without insurance. That’s why special event insurance can help your clients recover money spent on the event if weather conditions worsen and the event is canceled.  

Special event cancellation insurance can protect policyholders if an event is canceled or postponed due to severe weather, such as tornadoes, earthquakes, hurricanes, scorching temperatures, and tropical storms. Essentially, weather that prevents guests from reaching the venue and attending the event. In addition, there could be power outages, floods, or fires that could jeopardize your event. These conditions would be covered with special event insurance. 

Whenever planning an outdoor event, it’s in the client’s best interest to secure coverage to safeguard their investment. It’s also important to understand your client’s unique risks for an outdoor event at the specific location and event date and choose the level of coverage tailored to their needs in case of adverse weather. You and your clients will be prepared to weather any storm with the right coverage. 

Event cancellation insurance covers:

• Non-refundable deposits—many vendors, such as photographers, caterers, entertainment, and florists, may not offer refunds regardless of the reason for a cancellation or postponement.   
• Cancellation costs—Cancellations can occur due to many unforeseen circumstances, including extreme weather conditions and the accident or illness of the host, honoree, or immediate family member.
• Unreliable vendors—event insurance can cover the cost of vendors who are no-shows, cancel at the last minute, or have gone bankrupt.  

Cancellation coverage is available for events scheduled to take place in (or cruise ships departing from) the United States and territories/possessions, Canada, the United Kingdom, Mexico, the Bahamas, Bermuda, and the Caribbean (excluding Cuba).  

Customized coverage is available for every event. Event cancellation insurance starts as low as $130. The cost is based on the overall event budget, so your clients can ensure they have the most coverage for all their deposits and expenses. Event cancellation policies have a $25 deductible for each area of coverage. 

Special event insurance is essential for peace of mind and protection against financial loss. Consider Markel for your event cancellation insurance needs.

Get more information now on the Markel Insurance website on how easy it is for event planners to recommend event insurance to their clients.

This blog is intended for general information purposes only, and should not be construed as advice or opinions on any specific facts or circumstances. The content of this document is made available on an “as is” basis, without warranty of any kind. This publication is not intended to be legal, underwriting, or any other type of professional advice.  Persons requiring advice should consult an independent adviser.  Markel does not guarantee any particular outcome and makes no commitment to update any information herein, or remove any items that are no longer accurate or complete. Furthermore, Markel does not assume any liability to any person or organization for loss or damage caused by or resulting from any reliance placed on this content.  Coverage is provided by one or more of the insurance companies within Markel and policyholder services are provided by the underwriting manager, Markel Service, Incorporated, national producer license # 27585, in California d/b/a Markel Insurance Services, license # 0645481. Insurance and coverage are subject to terms, conditions, availability and qualifications and may not be available in all states.  *Markel Specialty is a business division of Markel Service, Incorporated, the underwriting  manager for the Markel affiliated insurance companies.© 2024 Markel Service, Incorporated.  All rights reserved. Markel® is a registered trademark of the Markel Corporation.