Annual Winter Festival Cancelled Due to Weather
|City of Tallahassee Cancelled Annual Winter Festival Due to Weather|
Earlier this month, the city of Tallahassee, Florida cancelled their annual Winter Festival including the Nighttime Holiday Parade and Jingle Bell Run due to severe weather and possible tornadoes. The annual event which draws over 100,000 spectators and participants, has never been cancelled in it's 32 year-run.
Read the full story here.
Event Cancellation & Adverse Weather
Concerts, sporting events, plays, trade shows, exhibitions, art expos and parades all generate large amounts of revenue and require a high capital input. The large profits that can be made by holding such events can be jeopardized by natural disasters, adverse weather, damage to the venue and travel delays by the show's star. We understand that some circumstances are unavoidable, but there are solutions available to mitigate these risks.
As Lloyd's of London Coverholders, Exceptional Risk Advisors designs, underwrites and delivers high limit contingency coverage that includes event cancellation due to adverse weather.
Contact us to discuss how we can help protect your exceptional clientele.
Featured Case Study
Holiday Parade & Concert
The advisor on this case was commissioned to insure the costs and expenses associated with organizing a major holiday parade and concert. To alleviate the exposure, the advisor requested that all $3.4 million of capital input be insured through an event cancellation policy.
Please feel welcome to share this case study with colleagues and your centers of influence. Wishing you good health, happiness, and success in 2019 and always!