The Importance of Event Insurance: What the Pandemic Has Taught Us

event insurance and why its so important

The pandemic has completely disrupted the lives of people across the planet. It has destroyed lives and businesses and forced the rest of us to adapt to a new way of life. The situation we are in has been a wake-up call for many of us on a wide variety of issues and have changed the way most people view event insurance. Many have been fundamentally changed by their experiences during this period. Among the many lessons have been things like appreciating the small freedoms that have temporarily been lost…

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Event insurance policies often don’t cover disease cancellation

Event insurance policies - SXSW 2020 Cancelled - SXSW YouTube

As gatherings like SXSW are stopped to slow COVID-19’s spread, participants are suffering losses. The South by Southwest (SXSW) conference has been cancelled for the first time in 34 years and the lack of disease outbreak coverage in event insurance policies has left many participants out of luck. This year’s SXSW was supposed to take place in Austin, Texas, from March 13 to March 22. The two SXSW founders were cited in a recent media publication, saying that the organization did not have disease outbreak coverage in its event insurance…

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Kanye West insurance lawsuit worth $10 million following tour cancellation

kanye west insurance

The performer filed the suit against a number of Lloyd’s of London syndicates, alleging lack of payment. The Kanye West insurance lawsuit has hit the news headlines as the celebrity claims his insurers aren’t paying his due amount following the cancellation of his performance tour. The entertainer suddenly halted a number of performance dates on his Saint Pablo Tour. Officially, the Kanye West insurance claims were filed through the performer’s Very Good Touring, Inc. company. He now alleges that the insurance companies have failed to pay out on the claims…

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Event insurance policy for Lady Gaga’s Super Bowl gig may cost over $100k

Lady Gaga event insurance policy super bowl halftime show

Her rooftop stunt may be flashy and exciting but it can also bring massive profits to insurers. On February 5, Lady Gaga will headline the Super Bowl halftime show and will require a substantial event insurance policy for the performance. She intends to perform on top of the NRG Stadium cover dome in Houston. Organizers are scrambling to assemble plans to safely put her on the dome in the first place. While it’s clear that every measure will be taken to ensure Lady Gaga will be safe the entire time,…

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Boxing event insurance will soon be available in New York

boxing event insurance

The sport’s promoters have found themselves placing one date after the next on hold due to a lack of coverage. Boxing event insurance is finally on its way to New York to reduce the struggles faced by the sport’s promoters in the state. At least four dates have already been postponed or placed on hold with the New York State Athletic Commission between January and March. The reason is that it wasn’t clear whether or not it would be possible to obtain coverage for them. Without the right insurance coverage,…

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