special event insurance

Resources: A Special Event is usually defined as a function of short duration or an function that is not permanently ongoing. A function may last only one day, such as a wedding or a piano recital, or a function may last a month or more such as a county fair or a Christmas tree sales lot. The defining factor is that a function is not set in a permanent location and a function does not continue for an indefinite period of time such as a continuing operation or long term business. There are approximately 350 different types of functions currently defined, with the list constantly under revision and growing. This insurance policy specifically designed to insure a function for one or more different types of exposure to financial loss. Exposure to financial loss due from the holding of a function might include any of the following.: 01. Cancellation or Postponement Financial loss due to the cancellation or postponement of the function from exposures such as flood, hurricane, ice storm, snow storm or other extreme weather condition, non-appearance, airport closure, military foreign posting, venue closure, venue bankruptcy or other similar type of occurrence. 02. Additional Expense Financial loss due to additional expenses which must be incurred to find a replacement function caterer or a replacement function venue. 03. Photographs Financial loss due to the destruction of function photographs. 04. Special Attire Financial loss due to the destruction of function attire such as a wedding dress. 05. Loss of Deposits Financial loss due to the bankruptcy of a function vendor such as the venue, caterer or entertainment. 06. Liability Financial loss due to a bodily injury or property damage resulting in a law suit.