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eventwedding_insurance
 
 

If you are planning an event, whether it’s a Corporate Conferences, Seminars, Live Concerts, Award Ceremonies, School & College Annual Functions, Wedding Ceremonies, Sports Events like Cricket, Hockey, Kabaddi etc. make sure you have appropriate event insurance in place, which can help protect your event from those unforeseen circumstances and losses to your business.

What is covered under Event Insurance?

  • Section I – Cancellation of Event
  • Section II- Material damage
  • Section III- Personal Accident
  • Section IV- Public Liability

Section - I Cancellation of Event

Scope of Cover: Cancellation or postponement of the Event due to:

  • Fire & Allied perils including Earthquake at the Venue.
  • Burglary & Theft at the Venue
  • Sudden, unexplained, unintimated failure of the Named Person (s) to appear for the Event on account of any of the following contingencies:
    • Death of such Named Person(s);
    • Personal injury, either temporary or permanent, which renders the Named Person(s) incapable of appearing at the insured event.
    • Illness resulting in hospitalization of the Named person

Basis of Sum insured for Event Cancellation:

Expenses on the following things will be covered:
A) All non recoverable Expenses incurred to organize the event
B) Revenues Related to event
Main Exclusions: The Company shall not be liable for cancellation of the event due to:
Any consequential loss due to cancellation of the insured event.
Unexplained or mysterious disappearance or shortage in respect of the property to be utilized for the insured event discovered upon taking of inventory.
Damage to, or destruction of, property caused intentionally by the Insured or at Insured's direction.

Section – II Damage to Property


Scope of Cover: Direct physical loss/ damage caused to property insured due to

  • Std. Fire & Allied Perils including Earthquake
  • Burglary & Theft

Basis of Sum insured for Material Damage:
Any tangible assets installed or utilized at the venue for the purpose of the event.

Main Exclusions: The Company shall not be liable for material damage due to:
Any damage caused to any property to be utilized for the insured event caused by wear & tear, gradual deterioration, depreciation, mechanical or electrical breakdown.
Unexplained or mysterious disappearance or shortage in respect of the property to be utilized for the insured event discovered upon taking of inventory.
Loss or damage to property stored outdoors without due attendance or supervision.
Damage to, or destruction of, property caused intentionally by the Insured or at Insured's direction.

Section – III Personal Accident

Scope of Cover: Named person including Blood relation & relatives are covered against
  • Accidental death
  • Permanent partial Disablement
  • Permanent Total Disablement
(Names to be declared)

Main Exclusions: The Company shall not be liable for:
Compensation under more than one of the foregoing sub-clauses in respect of the same period of disablement of the insured person.

Compensation in respect of death or bodily injury or any disease or illness to the insured person directly or indirectly caused by or contributed to by nuclear weapons, arising from ionizing radiations or nuclear contamination by radioactivity from any nuclear fuel or from any nuclear waste from the combustion of nuclear fuel.

Compensation in respect of death, injury or disablement of the insured person due to or arising out of or directly or indirectly connected with or traceable to War, Invasion, Act of foreign enemy, Hostilities (whether war be declared or not), Civil War, Rebellion, Revolution, Insurrection, Mutiny, Military or Usurped Power, Seizure, Capture, Arrests, Restraint and Detainment of whatever nature.

Compensation in respect of death, injury or disablement of the insured person from:

(a) intentional self-injury, suicide or attempted suicide,
(b) whilst under the influence of intoxicating liquor or drugs,

Section – IV Public Liability

Scope of Cover: Liability towards third parties for any accidents resulting in injury or damage occurring at the venue of the Event, in connection with the Event, during the policy period.

Main Exclusions: The Company shall not be liable for any liability arising due to:


Pollution
Acts of God, earthquake, earth-tremor, volcanic eruption, flood, storm, tempest, typhoon, hurricane, tornado, cyclone or other similar acts or convulsions of nature and atmospheric disturbances.
Deliberate, willful or intentional non-compliance of any statutory requirements.
Fines, penalties, punitive or exemplary damages or any other damages resulting from the multiplication of compensatory damages, or arising out of any criminal liabilities
Consequence of war, invasion, act of foreign enemy, hostilities (whether war be declared or not), civil war, rebellion, revolution, terrorism, insurrection or military or usurped power;
Ionising radiation or contamination by radioactivity from any nuclear fuel or from any nuclear waste from the combustion of nuclear fuel,the radioactive, toxic, explosive or other hazardous properties of any explosive nuclear assembly or nuclear component thereof.
Claims arising out of any motor vehicle or trailer temporarily in the Insured's custody or control for the purpose of parking. damage to property owned, leased or hired or under hire purchase or on loan to the Insured or otherwise in the Insured's care, custody or control other than Premises (or the contents thereof) temporarily occupied by the Insured for work thereon or other property temporarily in the Insured's possession for work
Loss or damage to the Visitors' clothing and personal effects.

This is not an exhaustive list. For details, please read our policy terms and conditions.