Beazley launches specialist hybrid event cancellation solution
A simple solution offering event organizers protection against both physical and virtual threats
As sporting events, conferences and exhibitions return in 2023, hybrid events that mix the best aspects of physical and virtual elements remain an important part of both event planning and increased audience participation.
The success of a hybrid event is dependent on the performance of both technology and physical infrastructure working correctly. One failure with these twin exposures can be financially crippling and damage reputations.
Beazley’s Hybrid Event Cancellation solution offers US companies protection against these multiple, complex threats in a simple, single policy.
Ryan McFadden, Contingency Underwriter at Beazley, said "Our Hybrid Event Cancellation offering is now available as a single policy, providing protection against both physical and virtual threats that could lead to the cancellation, abandonment, interruption, postponement, relocation, or curtailment. It provides peace of mind to event organizers of all types of events, from sports to entertainment to trade shows and conferences. The solution offers a clear, tailored cover for the wide range of risks associated with hosting hybrid events."
The product is available now to US domiciled businesses on a surplus lines basis.
As sporting events, conferences and exhibitions return in 2023, hybrid events that mix the best aspects of physical and virtual elements remain an important part of both event planning and increased audience participation.
The success of a hybrid event is dependent on the performance of both technology and physical infrastructure working correctly. One failure with these twin exposures can be financially crippling and damage reputations.
Beazley’s Hybrid Event Cancellation solution offers US companies protection against these multiple, complex threats in a simple, single policy.
Ryan McFadden, Contingency Underwriter at Beazley, said "Our Hybrid Event Cancellation offering is now available as a single policy, providing protection against both physical and virtual threats that could lead to the cancellation, abandonment, interruption, postponement, relocation, or curtailment. It provides peace of mind to event organizers of all types of events, from sports to entertainment to trade shows and conferences. The solution offers a clear, tailored cover for the wide range of risks associated with hosting hybrid events."
The product is available now to US domiciled businesses on a surplus lines basis.