Printed from

Beazley introduces event cancellation cover

Posted On: Jan. 18, 2023 12:13 PM CST


Beazley PLC has introduced hybrid event cancellation coverage for U.S. companies for hybrid events that mix aspects of physical and virtual elements, the company said in a statement Jan. 12.

The product is available to U.S.-domiciled businesses on a surplus lines basis.

The hybrid event cancellation offers coverage in a single policy against both physical and virtual threats that could lead to cancellation, abandonment, interruption, postponement, relocation, or curtailment, Ryan McFadden, contingency underwriter at Beazley, said in a statement.

Coverage includes third-party infrastructure failure, errors and omissions leading to computer system failure, host platform failure, venue closure, adverse weather, terrorism and more.

Limits are available up to $50 million for physical in-person events and up to $10 million for virtual transmission, according to product information from Beazley.