WeatherBacker Products: Event Insurance

Organizing outdoor events from state fairs to concerts to fireworks requires skillful planning. But, even the most thorough planning may not eliminate the risk of bad weather when the anticipated event happens. ACE USA’s WeatherBacker provides event promoters with coverage that reduces the financial impact of adverse weather on an event. Each WeatherBacker policy is custom designed to pay an agreed value if specified adverse weather conditions causes a loss of attendance at an event. Weather conditions may include rain, extremes of heat or cold and wind. And, the policy will pay the agreed loss amount, even if the insured event is not cancelled.

Benefits

• Coverage available for a broad range of outdoor events including:
  • Concerts
  • Parades
  • Fireworks displays
  • Music, art, food, wine and film festivals
  • State and county fairs
  • Flea and farmers markets
  • Auctions
  • Conferences
• Event venues may include:
  • Parks and recreation areas
  • Theme and amusement parks
  • Golf courses
  • Sports stadiums
  • Film locations
  • Fair grounds
  • Resorts
• Customized programs based on type of event, frequency, venue, weather conditions, anticipated attendance
• Policy pays an agreed value if the adverse weather occurs during a certain time period, even if the insured event is not cancelled
• Business Interruption coverage available

Features*

• Adverse Impact: An agreed loss amount calculated based on anticipated revenue and extra expense
• Weather Measurement: May be daily or hourly; measurements may be taken at over 8000 stations countrywide

Target Market

• Event promoters and sponsors
• Companies
• Municipalities
• Individuals
• Associations

Program Parameters

• Adverse Impact: Computations based on anticipated revenue and extra expense
• Weather Measurement: Daily or hourly; measurements may be taken at over 8000 stations countrywide
• Limits: From $25,000 up to $1,000,000
• Minimum Premium: $25,000

Click here for Application
Click here for Case Study

*subject to policy terms and conditions.