The Coronavirus and Event Cancellation Insurance Coverage
Event cancellation insurance policies might well cover the significant financial losses that will result if an entertainment or sporting event is cancelled due to the coronavirus.
By Richard C. Giller, Venable, LLP.
Takeaways:
- Event cancellation insurance policies purchased before 2020 might cover the economic losses resulting from cancelling an event due to the coronavirus.
- Event cancellation policies are often complex, sometimes confusing, and may contain traps for the unwary.
- Even if an event cancellation policy contains exclusions for SARS or government-ordered quarantines, a coronavirus cancellation may still be covered.