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On Demand Education


Event Cancellation Insurance in the Coronavirus Era


May 4, 2020 9:00am ‐ May 4, 2020 10:00am


Credits: None available.

Standard: Free
Premier: $0.00
Preferred: $0.00
Essential: $0.00

Description

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.

Speaker(s):

  • Lou Novick, National Director, Associations in the Nonprofit Practice of Gallagher

Credits

Credits: None available.

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