* This information is solely intended for
use by Organizers of IEEE Sponsored
Conferences. *
Event Cancellation Insurance
Event cancellation insurance provides
comprehensive coverage for any of the additional
expenses or lost revenue if caused by unforeseen
circumstances beyond your control.
What kind of circumstances can affect your
event revenues?
Cancellation
- Because of unforeseen circumstances, you
may not be able to open your event at all during
the time you planned. You would be forced to
change your dates completely, perhaps even move to
a different location.
Postponement
- If you couldn't start on the day you
originally planned because circumstances prevent
it, your losses would be covered.
Curtailment or Abandonment
- Some emergency may cause you to close your
event unexpectedly. Your lost revenues would be covered.
Removal to alternate premises
- You might have to move to a different site
before you can open, or, you may be forced to move
while your event is already in progress. Insurance
would pay for the losses you incur plus the
additional expenses of moving to another location.
Failure to vacate
- Unexpected circumstances could force you to
stay longer than the terms of your lease, making
it impossible to vacate the premises. Your
additional expenses would be covered.
Non-appearance of main attractions
- When you depend on a speaker or entertainer
to contribute to the success of your event and
they are unable to appear, it may cause additional
expenses or lost revenue. Event cancellation
insurance can cover this.
As well as...fire, collapse or destruction
of the hotel or convention center, strikes
involving labor, transportation and services,
… adverse weather such as blizzards,
floods, tornadoes, hurricanes…earthquakes,
epidemics and power loss.
You are covered from the time the premium is
accepted until your event is over. For
example, let’s say you purchase this
protection in April and your event is planned for
November. If in July, a hurricane hits
destroying the event’s venue, coverage would
apply avoiding a potential significant financial loss.
Please see the Event Cancellation Insurance
rating
structure guideline offered to the IEEE
through Marsh Affinity Group Services. For more
information or to apply, contact the IEEE
Insurance Office at ieeeinsurance@ieee.org
or +1 732 562 5541. The IEEE Insurance
Office can assist in the application process and
coordinate coverage through Marsh Affinity Group
Services.
