Contingency Event Cancellation
by Cansure
Hospitality Industry Insurance
CA$ 5M
Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Saskatchewan, Yukon
Yes
- Event Cancellation
- Prize Indemnity
- conferences
- sporting events
- concerts
- festivals
- key-note speakers
- promotional events
Product Overview
Contingency Event Cancellation by Cansure gives event organizers protection against unexpected disruptions. This coverage is available for conferences, concerts, festivals, sporting events, and similar gatherings.
If an event is cancelled, postponed, or interrupted for reasons beyond control, organizers can recover their costs. There is no deductible, which helps planners and venues manage their budgets.
Prize indemnity is included, protecting against the financial risk of offering large prizes at events or promotions. This product suits both public and private events, from local festivals to large business conferences.
About Contingency Event Cancellation by Cansure
Cansure supports the hospitality industry in most provinces and territories across Canada. Their focus includes restaurants, hotels, resorts, and bars that host or sponsor events.
Coverage is offered in Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Saskatchewan, and Yukon. Brokers need a contract with Cansure to access this product.
Applications must include event details, location, dates, and risk management steps. Brokers can review the factsheet, fill out the application form, or contact the underwriter via the ‘Contact Underwriter for Quote’ option on the product page for more information.
Contingency Event Cancellation by Cansure FAQs
What types of events are eligible for the policy?
Contingency Event Cancellation by Cansure is available for a wide range of events. These include conferences, sporting events, concerts, festivals, key-note speaker engagements, and promotional events. Both small and large gatherings can apply.
What types of losses does event cancellation insurance typically cover?
Event cancellation insurance covers financial losses if an event is cancelled, postponed, or interrupted due to unforeseen circumstances. This can include costs for venue, suppliers, and other non-refundable expenses.
Which provinces and territories does Contingency Event Cancellation by Cansure cover?
Coverage is available in Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Saskatchewan, and Yukon. Quebec is not included in the current offering.
What is the deductible for this event cancellation insurance product?
There is no deductible for this Cansure product. Event organizers do not pay any out-of-pocket amount before coverage applies, which helps with budgeting and planning.
Does Contingency Event Cancellation by Cansure include prize indemnity coverage?
Yes, this Contingency Event Cancellation policy includes prize indemnity coverage. This protects event organizers from the financial risk of offering large prizes at events or promotions.
Are both public and private events eligible for this insurance?
Both public and private events are eligible for Contingency Event Cancellation by Cansure. This flexibility allows a broad range of gatherings, from community festivals to private business conferences, to be protected.
Is a broker contract required to access this Cansure product?
Yes, a broker contract is required. Insurance brokers must have an agreement with Cansure to offer this product and submit applications on behalf of clients.
How does Contingency Event Cancellation by Cansure help protect event organizers?
The policy helps protect organizers from financial loss if an event cannot proceed as planned. It covers non-refundable costs and lost revenue due to unexpected disruptions.
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