1. Event Cancellation Insurance
MONDAY MORNING MARKETS
Event Cancellation Insurance
To learn more, just visit and contact a Monday Morning Markets sponsoring agency. They will be glad to answer your questions, and to help you address your specific needs.

2. Event Cancellation Insurance Coverage can be provided worldwide.
Protects revenues or expenses if an event is canceled, abandoned, postponed, relocated or rescheduled due to circumstances beyond the control of the insured party.
Coverage can be provided worldwide.
MONDAY MORNING MARKETS

3. Common Perils Covered Severe adverse weather Acts of terrorism
Damage to venue (fire, flood)
Earthquakes
Wildfires
Labor strikes
Power outages/blackouts
Communicable disease
Major riots or civil commotion
National mourning (death of US President)
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4. Additional Valuable Benefits of Coverage:
Key Benefits of Coverage
Additional Valuable Benefits of Coverage:
Enforced Reduced Attendance
Extra Expense Coverage
Marketing Expenses Coverage
Auditable Policy Limits
Coverage for Insured Financial Commitments (room blocks)
MONDAY MORNING MARKETS

5. Important Terms, Conditions & Exclusions
Common Policy Exclusions:
War
Nuclear Hazard
Financial Failure
Lack of Support
Pre-existing circumstances
Failure to make necessary arrangements
Fraud/Dishonesty
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6. Key Conditions of Coverage
Loss must be beyond control of organizers, attendees, or exhibitors and financial supporters
Upon learning of a possible loss, insurers should be contacted as soon as possible
Insured should do all things necessary to avoid or diminish a loss
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7. Key Factors to Underwriting a Risk
Understanding Underwriting
& Pricing
Key Factors to Underwriting a Risk
Winter Weather Exposure?
Any CAT Exposures (wind, quake)?
Event Location
Event Date
Experience of Organizer
Terrorism Exposure
Current Issues
Market Conditions
MONDAY MORNING MARKETS

8. Common Issues Affecting the Market
Terrorism
Paris attacks, Brussels threat, Istanbul attack
Riots/Civil Commotion
Police brutality, various social issues
Catastrophic Weather
El Nino, floods
The Unknown
Purpose of an “all cause” policy is to cover things you don’t expect to happen
MONDAY MORNING MARKETS

9. Claim Example #1 MONDAY MORNING MARKETS
Association tradeshow organizer is holding an annual conference in Boston, MA in February. Insuring their projected gross revenue of $3,000,000.
Major snowstorm hits during first day of conference. About 25% of attendees unable to come due to transportation issues.
Policy pays enforced reduced attendance claim based on the loss of revenue from refunding these exhibitors.
MONDAY MORNING MARKETS

10. Claim Example #2
Insured is holding outdoor football game and insuring their $3.5M in ticket revenue.
Lightning storm begins at start of game and game is delayed several hours before being cancelled.
Insured refunds all tickets to fans and insurance policy covers this less in revenue.
MONDAY MORNING MARKETS

11. Want to know more? MONDAY MORNING MARKETS
Just click the ‘Contact Me’ button beside this presentation.
The independent agency sponsor will be glad to answer your questions, and help address your specific needs.