Section I

Section I is related to the cancellation or postponement, which can be because of:

• Burglary and theft at the venue
• Fire and associated perils such as earthquake, storm, and cyclone
• Unexpected, unexplained absence of the named person (s) because of injury/ illness resulting in hospitalization, and even death.

What’s covered?

 It covers:

• Any non-recoverable expenditure incurred to organize the event
• Revenue associated with the event

What’s not covered?

The business might not be liable for any consequential loss because of the cancellation of the event.

Section II

Section II is related to the damage or physical loss of property resulting from:

• Fire and associated perils such as earthquake, cyclone, and storm
• Burglary and theft

What’s covered?

• It covers all tangible assets placed/used in the at the place of the event

What’s not covered?

The business is not liable for material damage because of:

• The damage to the property by wear and tear, gradual deterioration, mechanical/electrical breakdown, and depreciation
• Mystical disappearance or shortage of something related to the property to be used for the event discovered on taking the inventory
• Loss/damage to the unattended property placed outdoors
• Damage done to the property intentionally by the insured or someone through the insured direction

Section III

Section IV is related to personal accident.

What’s covered?

The named person, including his/her blood relatives, are covered against:

• Accidental death(s)
• Permanent partial/total disablement

What’s not covered?

The business is not liable for:

• Compensation for bodily injury, illness/disease, or death to the insured person caused by or nuclear weapons

• Compensation for injury or disablement of the insured person because of war, invasion, the act of a foreign enemy, rebellion, insurrection, seizure, capture, arrest, restraint and detainment of any nature

• Compensation for intentional self-injury, suicide, or attempted suicide and any mishap because of intoxication

Section IV

Section IV is related to public liability.

What’s covered?

• It covers liability towards third party/ies for any mishaps leading to injury or damage occurring at the venue where the event is organized.

What’s not covered?

The business is not accountable for any liability for factors including but not limited to:

• Acts of God such as earthquake (Extension can be taken).
• Non-adherence of the statutory requirements
• Consequences of war, invasion of foreign enemy, terrorism, or insurrection
• Hazardous properties of explosive nuclear assembly like ionizing radiation
• Claims resulting from a motor vehicle or trailer in the insured’s custody temporarily

P.S: several extension to the policy and other benefits can be added as per the requirement. Policy can be customized, please discuss your requirements.