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See all the news storiesBad weather can have an incredibly limiting effect on events of all shapes and sizes, reducing attendance and any associated on-site revenues.
Tokio Marine HCC can help you and your clients be prepared for unpredictable weather patterns. Event weather insurance protects revenue losses at events caused by adverse weather conditions that reduce attendance and the sales of concessions, food and parking.
Event weather insurance is a risk transfer tool that protects against adverse weather conditions that can reduce revenue from sources such as ticket sales, concessions, food and parking. Typical buyers of event weather insurance include fairs and festivals, concerts, sporting events, parades and air shows. It can provide coverage for many perils including rain, snow, wind and adverse weather.
For example, with a rain insurance policy through Tokio Marine HCC - Specialty Group, festival organizers can be assured that if rainfall keeps people from attending their event and revenues drop, they will be covered. In this case, a weather policy would pay out if 0.2-inches of rain accumulation occurred during the key event hours of 4:00 p.m. and 9:00 p.m. If it rains more than 0.2-inches, a check is written to make up for the festival's losses.
Smartphone App for Smarter Claims Verification
Tokio Marine HCC - Specialty Group has formed a strategic alliance with Weather Analytics and launched a Smartphone app for our weather insurance clients. This innovative technology provides smarter claims verification for our weather policyholders to validate if there is a weather claim at a specific event. The app allows users to view and download a detailed hourly report of the weather data. Based on this report, if a claim is validated, a check will automatically be mailed within three business days of claim notification.
The TotalEvent® systemprovides youwith a fast and easy-to-use quote and bind systemthat also acts as an electronic database to assist inmanaging your specialty business. Both brokers and direct customers can access TotalEvent® by clicking the portal link in the top right-hand corner of the page.
401 Edgewater Place Drive, Suite 400
Wakefield, MA 01880
78 Musgrove Street
Winnipeg, MB R3R 2M5
Canada
Contingency insurance coverage designed to protect event expenses or revenue against cancellation or abandonment for reasons beyond the control of the event organizer.
Tokio Marine HCC is a leading specialty insurance group with offices in the United States, Mexico, the United Kingdom and Europe, transacting business in approximately 180 countries and underwriting more than 100 classes of specialty insurance.
More about us Financial strengthNot all products, coverages, or features may be available in all states. Restrictions, exclusions, limitations, and conditions apply and you should see your agent for more information. Certain products and services are provided through non-admitted insurance carriers and are not subject to certain State Guaranty Funds.
