Contingency and Event Cancellation

Contingency and Event Cancellation

The unexpected can derail even the most meticulously planned event or production. We manage the “what ifs” so that you don’t have to say “why didn’t I?”

EVEN THE BEST LAID PLANS …

Pulling off a successful event takes a whole lot of time and effort. But just one unanticipated incident can result in devastating financial losses for a promoter or producer. We develop holistic protection plans that address the big picture and often-overlooked nuances of event risk and coverage.

Coverage options include:  

  • Event cancellation.  This coverage protects event expenses and revenue against cancellation, postponement, rescheduling or abandonment caused by reasons beyond anyone’s control. Reasons like adverse weather, earthquakes, terrorism, communicable disease or venue unavailability.

  • Non-appearance coverage. We can add this coverage to your event cancellation policy to provide protection for when your athletes or performers miss a scheduled event. Perils such as accidental injury, illness and death are included and can extend to immediate family.

  • Prize indemnity. This insurance covers the costs of monetary awards or prizes for a variety of special events and contests like full-court basketball shots, TV game show contests, corporate or charity-sponsored competitions, and other promotional activities. We also provide surety bonds for games of chance.  

  • Contract bonus coverage. If you’re a corporate sponsor, sports team or entertainment organization that added a financial incentive into a professional athlete’s or entertainer’s contract to fulfill a certain goal, you’re taking a risk. We’ll move the risk from you to an insurance carrier.

  • Promotions & awards. Sometimes a promotion works a little too well. We put policies into place that enable a sponsor or organization to fulfill a promotion’s promises without harming their bottom line. 

  • Weather/rain insurance. Weather is the biggest unknown when you’re working outside. We’ll determine which elements you’re likely to face and structure a cost-effective insurance policy that recoups losses caused by them.

ANY SIZE. ANY PLACE.

ANY SIZE. ANY PLACE.

Our wide range of specialized risk insurance can meet the specific needs of national and international sporting events, fundraisers, concerts, tours, shows and promotions — regardless of their size. Learn More

Sports

Sports

The sports and entertainment group brings together the industry’s most recognized solution providers – seasoned professionals with high-profile experience – to deliver the best in specialized protection programs for sports organizations, athletes, owners, events, teams and executives.

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Media and Entertainment

Media and Entertainment

Our united team of high performers is a competitive group of experts experienced in building the unique programs necessary to thrive in the ever-evolving entertainment industry, crafting superior protection programs, creating new opportunities and driving success for entertainers, performers, film production companies and unique creative entities.

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Events

Events

NFP delivers performance excellence powered by a forward-thinking, solution-oriented, client-centric approach and decades of specialized industry experience that expertly guide special events, promotions and productions of any size, anywhere in the world toward success and away from unnecessary risk.

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Let's Start a Conversation To Get You Covered

We’re sports and entertainment insurance specialists. Get in touch with us to talk about a risk management program that protects exactly the way you need it to.