Events and Other Happenings

Because the top star of your mega-event is in bed with angina, you have to refund tickets but still carry the burden of prior investments. Or imagine someone wins the prize contest no one thought could be won. As promoter, you need to be protected from risks that, despite the best of plans and organization, remain out of your control and which, lacking proper protection, can lead to insolvency. SRC covers these risks for you.

Special risks we cover ...

• Loss of Image or Sponsorship: The financial success of an event can be unpredictable. Investors need additional assurance if they are to commit themselves financially to an event that is dependent on the success of a single individual. An individualized coverage plan is a sensible means to gain their trust. Responsible risk management requires a thorough understanding of the technical questions involved, well-founded analysis and a proper appreciation of business needs. Given this, coverage against the losses mentioned above can become a sensible and affordable precaution. SRC is a specialist in assessing and negotiating such risks.

• Prizes and Awards: The more attractive or spectacular a contest or test of skill is conceived, the greater the prospect of success - but so too the possible financial burdens for the organizer. Expert know-how is essential in judging the probabilities. The business terms for this sort of insurance are "Prize Bonus" or "Prize Indemnity." SRC furnishes individualized solutions.

• Promotion Over-Redemption: The financial success of a publicity campaign or event can sometimes get out of hand. SRC is a specialist in calculating and negotiating such risks.

• Liability: Damage or injuries suffered by third parties within an event setting can easily reach sizeable proportions. SRC is your dependable partner, with knowledge of the risks involved and ready to help find the coverage you require.

• Event Cancellation: Every sporting event costs money, beginning with venue rental, advertisement, advance booking and much more. Even cancellation insurance protects you from financial losses incurred when an event is interrupted, re-scheduled or cancelled.

• Weather Insurance: Events are often subject to weather. Whether it's lack of snow or uninterrupted rainfall - cancellation, re-scheduling and other extra costs require financial protection.