Event Insurance Policy

GET A FREE QUOTE On EVENT INSURANCE

WE CARE - we have strived to see the world through our clients' eyes. We are simply there for you - through good times and bad.

Contents
  1. Event Insurance
  2. The Qian Solution
  3. What is an Event Insurance Policy?
  4. What kinds of events can be insured under Event Insurance Policy?
  5. What are the coverages under the Event Cancellation Section of the Event Insurance Policy?
  6. What are the Insured Expenses under the Event Insurance Policy?
  7. What are the coverages under the Material Damage Section of the Event Insurance Policy?
  8. What are the coverages under the Public Liability Section of the Event Insurance Policy?
  9. What are the coverages under the Personal Accident Section of the Event Insurance Policy?
  10. What are the exclusions under the Event Insurance Policy?
  11. Get the Best Quotes for Event Insurance Policy with Qian!
  12. Testimonials

Event Insurance

Today, organising events like weddings, sporting events, concerts, exhibitions, convention requires tremendous amounts of efforts and money. However, unexpected situations and accidents do happen and this may leads to cancellation of event.
A cancellation of the event due to any sort of unforeseen circumstances leads to losses to the tune of crores of rupees.
In such cases, an Event Insurance Policy can save you from such losses.

The Qian Solution

Qian is an experienced insurance broker for Event Insurance Policy. Qian can offer a comprehensive package policy for insuring your upcoming event.

Event Insurance

What is an Event Insurance Policy?

An Event Insurance Policy is a package insurance policy providing coverage for various risk exposures associated with organizing an event. The Event Insurance Policy provides reimbursement for Insured Expenses, which are budgeted and declared by the Insured and incurred directly on account of the Insured Event.

Event Insurance Policy is also known as Event Cancellation Insurance since the Policy insures the risk of Event Cancellation.

What are the coverages under the Personal Accident Section of the Event Insurance Policy?

The Policy provides coverage under 4 sections:

Section I: Event Cancellation: The Event Cancellation section of the Event Insurance Policy reimburses the Insured Party for any irrevocable insured expenses incurred because of cancellation of the event.

Section II: Material Damage: The Material Damage Section of the Event Insurance Policy reimburses the Insured Party for any damaged caused to sets, costumes, props etc which are installed at the venue of the Insured Event on account of fire and allied perils.

Section III: Personal Accident: The Personal Accident Section of the Event Insurance

Section IV: Public Liability: The Public Liability Section of Event Insurance Policy indemnifies the Insured against the legal liability for accidents resulting in Bodily Injury or Property Damage at the venue of the Insured Event.

What kinds of events can be insured under Event Insurance Policy?

An Event Insurance Policy can be suitable for the following events:

  1. Concerts
  2. Weddings
  3. Conferences/Seminars
  4. Music Festivals
  5. School/College Annual Functions
  6. Birthday Parties
  7. Major Sporting Events
  8. Trade Shows/Conventions/Exhibitions

What are the coverages under the Event Cancellation Section of the Event Insurance Policy?

The Event Cancellation Section of Event Insurance Policy provides the following coverages:

The Event Cancellation Section indemnifies the insured against Insured Expenses irrevocably incurred by the Insured because of cancellation of the insured event due to:

  1. Ban imposed by State/Central Government.
  2. Government directive specifically intended to cancel the insured event due to matters of national/state importance such as death of dignitaries occurring.
  3. Bandh/Civic unrest.
  4. Non-transportation or Non–availability of electronic equipment required for live media coverage of insured event caused by accident to vehicles meant for transporting the same.
  5. Technological failure of computers and its accessories, or other accessories, which are instrumental to the recording or taping of the insured event, for accidental reasons whether electrical/mechanical breakdown and/or loss/damage to the system on account of external accidental causes, beyond the control of the Insured.
  6. Risks of fire, lightning, explosion, riot, strike & malicious damage, impact damage, aircraft damage, storm, cyclone, typhoon, tempest, hurricane, tornado, flood & inundation, subsidence, landslide (including rockslide), earthquake, burglary and theft.
  7. Sudden, unexplained, unintimated failure of the Named Person to appear for the insured event on account of any of the following contingencies:
    • Death of the Named Person.
    • Personal injury, either temporary or permanent, which renders the Named Person incapable of appearing at the insured event.
    • Illness
    • Act of Gods, storm, tempest, flood, inundation, typhoon, hailstorm, earthquake, landslides.
    • Riot, strike, civil commotion, terrorism.
    • Kidnapping. and
    • Complete breakdown of transportation services which shall prevent the Named Person from reaching the designated venue.

Delay of the Named Person's flight by more than 24 hrs from the scheduled arrival time at an airport nearest to the venue.

What are the Insured Expenses under the Event Insurance Policy?

An Event Insurance Policy reimburses the Insured Expenses to the Policyholder on account of event cancellation. "Insured Expenses" shall mean all costs, including overheads, incurred directly on account of the insured event, as may be budgeted and declared by the Insured.

What are the coverages under the Material Damage Section of the Event Insurance Policy?

The Material Damage Section of the Event Insurance Policy indemnifies the Insured against damage caused to sets, costumes, props, wardrobe, related equipment and other assets belonging to the Insured or leased, rented, or hired by the Insured whilst such property is stored, fixed, installed or in use at the Venue of the Insured Event or even in transit to the venue, due to following risks:

  • Fire
  • Lightning
  • Explosion
  • Riot, strike & malicious damage
  • Impact damage
  • Aircraft damage
  • Storm, cyclone, typhoon, tempest, hurricane, tornado, flood & inundation
  • Subsidence, landslide (including rockslide)
  • Earthquake
  • Burglary and theft
  • Terrorism

What are the coverages under the Public Liability Section of the Event Insurance Policy?

Public Liability Insurance Coverage will cover the Insured Party against the legal liability of the Bodily Injury and Property Damage at the venue of the Insured Event in connection with the insured event during the Policy Period.

The Policy will pay compensation including claimant's costs, fees and expenses anywhere in India, in accordance with Indian law.

What are the coverages under the Personal Accident Section of the Event Insurance Policy?

Personal Accident Section of the Event Insurance Policy provides cover and compensates the Insured for accidental death, Permanent or Temporary Disablement. The amount of compensation provided as per the type of disablement listed below:

  • Accidental death, either instantaneous or within twelve calendar months of suffering any personal injury - 100% Sum Insured.
  • Loss of sight in both eyes or dismemberment of two hands or two feet - 100% of Sum Insured
  • Loss of sight in one eye and loss of one hand or one foot by physical separation - 100% of Sum Insured
  • Loss of sight of one eye or loss of one entire hand or one entire foot by physical separation - 50% of Sum Insured
  • Total or irrevocable loss of use of one hand or one foot without physical separation - 50% of Sum Insured
  • If any injury permanently, totally, absolutely disables the insured person from engaging in any employment or occupation of any description - 100% of Sum Insured
  • If such injury shall within twelve calendar months of its occurrence be the sole and direct cause of permanent partial disablement of the insured person - % age of the Sum Insured as assessed by the doctor
What are the coverages under the Personal Accident Section of the Event Insurance Policy?

What are the exclusions under the Event Insurance Policy?

Exclusions under the Event Insurance Policy are as follows:
Loss or Damage due to Wear and Tear Cancellation of Event due to unavailability of required permissions
Intentional or Deliberate Damage to Property
Cover for Errors and Omissions while rendering Professional Service

Cover for Errors and Omissions while rendering Professional Service

Get a Quote in 24 hours

Get a Quote in 24 hours

Retroactive Date Cover

Retroactive Date Cover

Cover for Copyright Infringement and Plagiarism

Cover for Copyright Infringement and Plagiarism

24/7 Claims Assistance

24/7 Claims Assistance

Worldwide Cover

Worldwide Cover

Tie Ups with Top Insurance Companies

Tie Ups with Top Insurance Companies

Get the Best Quotes for Event Insurance Policy with Qian!

Qian is an experienced insurance broker for Event Insurance Policy in India. We have insured multiple events across the country.
Our dedicated team will assist you with the best quotes for event insurance.

If you wish to purchase an Event Insurance Policy, please email us at support@qian.co.in or call us on 📞 022-35134695 📞 022-35134695.

Get the Best Quotes for Event Insurance Policy with Qian!

Testimonials

Average Customer Rating:

0 / 5 Star (0 reviews)

Hemik of Qian is knowledgable, prompt and very professional - highly recommended. I had to claim for a critical illness under my health insurance policy and Qian’s assistance with the claims process and advice on how to deal with the insurer was invaluable.

Niyati Shah