Promoters Who Need CORVID-19 Insurance Likely Don't Have It, Experts Say

As the disease continues to stoke widespread fears, cancellations of major summer events may result in huge payouts from insurance companies.

“For coronavirus -- if not specifically excluded and they do have the potential for a claim -- the fear that people might contract the coronavirus is not sufficient. The threshold in the policy is the event is ‘necessarily’ canceled

, ‘necessarily’ implies that there is a benchmark of severity that leaves you no choice, or prevents you from doing the show -- as opposed to a voluntary decision to avoid exposure,” says Roger Sandau, managing principal at Integro Sports & Entertainment insurance.

Read More:

6 views0 comments

Recent Posts

See All

From our friends over at Investopedia, by Julia Kagan 03/04/2022 What Is Directors and Officers (D&O) Liability Insu

Burnout, or the feeling of physical and mental exhaustion related to work, has long been an issue for employees. However, under the current pandemic, instances of burnout have intensified. According t