EVENTS

Event cancellation insurance can help minimize financial risk, protect reputation and facilitate planning in the event of an event cancellation or postponement.

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What are the advantages of event cancellation insurance?

• Cost coverage: event cancellation insurance can help cover the costs associated with the cancellation or postponement of an event in the event of unforeseen circumstances such as an attack, weather phenomenon, fire, inability to access the event venue, etc.
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• Preventing financial risk: In the event of cancellation, the company can incur significant financial losses, but by taking out cancellation insurance, it can minimize this risk.
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• Protect reputation: if the event is cancelled, this can have a negative impact on the company's reputation. Cancellation insurance can help protect reputation by providing a solution for dealing with problems in a professional manner.
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• Encourage planning: When a company has event cancellation insurance, it can plan and organize its event with confidence, knowing that it is protected in the event of unforeseen problems.

What can happen without insurance?

• Last-minute cancellation: If the event is cancelled at the last minute due to an act of terrorism, fire, storm, etc., the company may incur significant financial losses for costs already incurred.
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• Costly postponement: If the event has to be postponed, this may entail additional costs for renting new spaces, booking new service providers, etc.
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• Reputational impact: If the event is cancelled or postponed, this can have a negative impact on the company's reputation, which can lead to a loss of future customers and revenue.
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• Non-refundable costs: If the event is cancelled, many costs may not be refundable, such as cancellation fees for providers, air tickets, hotels, etc.
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• Litigation and lawsuits: If the event is cancelled and tickets have already been sold, customers can take legal action to obtain a refund.
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Phenomen is the first digital insurer dedicated to event and media production professionals in particular, and to all companies that organize events on their own behalf or on behalf of their client(s). Our raison d'être is to protect the budget allocated to events that boost your company's development. We offer comprehensive coverage, online underwriting, simple pricing and a single application for all your insurance needs. We provide solutions specific to your business. Our team of underwriters, experts in cancellation issues, can help you manage your contracts and claims.