Event cancellation insurance protects against the financial losses that can result from the cancellation, termination or postponement of an event.
In this case, the insurance usually covers all costs that have already been incurred for the event and can no longer be recovered.
These include, for example, costs for advertising, rental of premises, technical equipment and catering. Any cancellation costs are also usually covered.
Event cancellation insurance is recommended for companies and industries that organize or host events on a regular basis.
These include, for example, event agencies, trade fair organizers, concert promoters, sports clubs or even companies that regularly hold internal events or meetings.
Taking out event cancellation insurance is also particularly recommended for events with high costs, such as major events or international trade fairs.
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