Event Insurance Policy is designed to protect the policyholder against lawsuits, claims made related to bodily injury of others, and property damage to the rented premise. This Insurance Policy is meant to cover public events.
What types of Public Events can be covered?
- Corporate Conferences
- Seminars
- Live Concerts
- Award Ceremonies
- School & College Annual Functions
- Wedding Ceremonies
- Sports Events like Cricket, Hockey, Kabaddi etc.
- Exhibitions
- Trade & Festival Fairs
By taking appropriate Event Insurance Policy, one can protect his event from unforeseen circumstances and losses to his business.
What is covered under Event Insurance?
Section – I Cancellation of Event
Scope of Cover: Cancellation or postponement of the Event due to:
- Fire & Allied perils including Earthquake at the Venue.
- Burglary & Theft at the Venue
- Sudden, unexplained, unintimated failure of the Named Person (s) to appear for the
Event on account of any of the following contingencies:
Death of such Named Person(s)
Personal injury, either temporary or permanent, which renders the Named Person(s) incapable of appearing at the insured event.
Illness resulting in hospitalization of the Named person
Section – II Damage to Property
Scope of Cover: Direct physical loss/ damage caused to property insured due to
- Std. Fire & Allied Perils including Earthquake
- Burglary & Theft
Section – III Personal Accident
Scope of Cover: Named person including Blood relation & relatives are covered against
- Accidental death
- Permanent partial Disablement
- Permanent Total Disablement
Section – IV Public Liability
Scope of Cover: Liability towards third parties for any accidents resulting in injury or damage occurring at the venue of the Event, in connection with the Event, during the policy period.