• Concerts

• Conferences

• Fairs / festivals

• Major sporting events

• Trade shows / conventions

Summary of Coverage

Event weather insurance is a risk transfer tool that protects against adverse weather conditions that can reduce revenue from sources such as ticket sales, concessions, food and parking. Typical buyers of event weather insurance include fairs and festivals, concerts, sporting events, parades and air shows. It can provide coverage for many perils including rain, snow, wind, lightning and adverse weather.

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For example, with a rain insurance policy through World Events Specialty, festival organizers can be assured that if rainfall keeps people from attending their event and revenues drop, they will be covered. In this case, a weather policy would pay out if 0.2-inch of rain accumulation occurred during the key event hours of 4:00 p.m. and 9:00 p.m. If it rained more than 0.2-inch, a check is written to make up for the festival's losses.