Event Cancellation Insurance in the Coronavirus Era

Event Cancellation Insurance (ECI) In the Coronavirus Era: Coverage, Claims and Changes in The Market is a top level discussion to answer FAQ’s and help frame meeting planners’ expectations in three areas:

Coverage - What specifically is Communicable Disease (CD) coverage? Does CD always include coverage for Coronavirus? A review of important terms such as Cancellation, Postponement, Enforced Reduced Attendance, Insured Financial Commitments and coverage for smaller meetings.

Claims – Understanding that this is a three step process:

• Getting acknowledgement from the carrier that coverage under the policy has been triggered,
• Your contractual obligation to take steps to mitigate damages and
• How to prepare the adjustment phase of the claim, i.e., what information and supporting documents are needed.

The ECI Market – What are the coverage changes and rate increases that can be expected going forward and how these are likely to change again between now and year end.