Event cancellation insurance policies are designed to protect any event-related earnings or expenses should the event need to be cancelled. There are many reasons an event could be cancelled and it is important to understand exactly what your policy covers and what it does not. Policyholders who obtained a special event policy might have bought a policy for cancellations due to infectious or communicable diseases; however, after the SARS outbreak, many insurance companies have resisted them. Event cancellation insurance policies are different from other types of insurance in that company losses or some form of damage are not a necessity for the recovery.
Events ranging from professional sports, corporate events, concerts, food festivals, and more are being cancelled due to the corona virus. This is a new territory we are trying to navigate and insurance policies can be very confusing and contain traps that can leave you feeling helpless if your claim is denied. We work closely with our clients to help them understand their options and how we can help them with their claims. Working with an experienced firm who has direct experience fighting the insurance companies is vital to you and your business success.
Below are examples of the types of events that event cancellation insurance may cover:
Event policies might have an exception or a pandemic exception for quarantines which is one of many reasons you should consult with an attorney before filing a claim against your provider. An experienced law firm that deals with insurers who provide special event coverage is critical to obtaining a good outcome for your claim. The attorneys at Doyle LLP are experienced in this type of law and understand how to fight the insurance companies to help you win your claim.
Call us today to speak with one of our experienced attorneys about your claim.