Contingency Insurance
Contingency insurance reimburses businesses for financial losses when a planned commercial event — a product launch, trade show, sales conference, or sponsored entertainment — must be cancelled, abandoned, or postponed due to circumstances outside the organizer's control. Unlike standard business in…
Key Coverages for Contingency Businesses
- Non-refundable deposits and pre-paid expenses when the event is cancelled
- Lost ticket revenue for ticketed events
- Additional expenses to reschedule a postponed event
- Exhibit fees, booth construction, and shipping for trade show cancellations
- Key person coverage — event cancelled due to death or disability of a critical presenter
- Government order cancellation
Frequently Asked Questions
Is contingency insurance the same as event cancellation insurance?
They overlap significantly. Contingency insurance is the broader commercial term covering business events, trade shows, and promotions. Event cancellation is used more commonly for ticketed consumer events and weddings. Both reimburse non-refundable …
What events are NOT covered by contingency insurance?
Standard exclusions include cancellation due to low ticket sales, organizer financial insolvency, foreseeable weather at the time of purchase, and voluntary cancellation for any reason. The event must be cancelled due to an unforeseeable covered caus…