Our contingency team advises on cancellation, postponement and redemption matters
Our multi-jurisdictional contingency team has extensive experience in contingency insurance and reinsurance coverage issues. These include event cancellation and non-appearance, film insurance, prize indemnity and over-redemption, as well as subrogated recoveries.
We advise on cancellation, abandonment, postponement, curtailment, interruption, reduced attendance and relocation of events claims, as well as ascertained net loss issues. We are particularly experienced in the sporting and music industries where our experience includes advising on cancelled tour dates due to a boy band member's illness.
We understand the investment at risk for film production companies and we handle claims arising when unforeseen events prevent a project's completion. For example, we advised on cast insurance cover for injury to a sports star whilst making a documentary.
With the rise of prize vouchers and special deals, over-redemption insurance demand has grown considerably. We provide coverage advice in racehorse winnings, football pools and bonus indemnity, for example advising on prize indemnity for a hole-in-one competition in Australia.
Our team advises on wording and regulatory issues worldwide and assists in setting up strategic partnerships. Our experience includes advising on contingency wording for the Sochi Winter Olympics.