Cover Your Event Insurance
Weather is what it is, we can’t change that. In truth, the probability that a meeting may be impacted by weather is very low. Nevertheless, the perception held by meeting planners is different. Their reluctance is based on a heightened sensitivity to risk associated with having an event disrupted by a hurricane. To address this perception and to minimize risk, VISIT FLORIDA has developed Cover Your Event insurance. This unique tool has been very successful over the past several years; we insure well over 100 meetings per year with an approximate economic impact of over $30 million per year.
This free program offers coverage that will reimburse a meeting in the unlikely event of a cancellation due to a named hurricane during August, September, October and November 2017 and August, September, October and November 2018. The premium on this insurance is at no cost to you or the organization planning the meeting. We believe that you are in the best possible position when you can refer to this program should hurricane season raise its head as an objection to closing a deal.
Supplemental Hurricane Insurance
- Sub limit per insured event of $100,000 if 100-300 room nights; $150,000 if 301-500 room nights; and $200,000 if over 500 room nights over a minimum of two nights. Available during August 2018, September 2018, October 2018, and November 2018.
- Loss due to named hurricanes only.
- Coverage will pay for room rate differential and any extra expense of rescheduling event. Examples of extra expenses are reprinting of program books, signage, banners, etc.
- Event must be rescheduled in Florida at same or nearest available venue within 12 months.
- If the event is not rescheduled there is no claim.
- Lost profits are not a covered loss.
- VISIT FLORIDA will pay for all premiums.
- Offered by Marsh Affinity Group Services, a service of Seabury and Smith out of Chicago, IL.
- Limited availability and subject to insurance carrier approval.
- Meeting move in date must be in one of the covered months: August 2018, September 2018, October 2018, and November 2018.
- This offer is good for meetings that are designed for business purposes only.
DISCLAIMER: VISIT FLORIDA and Marsh Affinity will make every effort, but CANNOT guarantee coverage if the meeting you have requested CYE insurance for is scheduled to start within twenty-one (21) days from the date you completed your application. Furthermore, any NAMED hurricanes will be excluded from coverage if they already exist at the time of your application.
Click here if you have read and understand the details, limited scope and availability of this offering, and wish to apply.
For more information on this program, please contact Nalini Dube-Borzym, Meetings & Conventions Manager, at NDube@visitflorida.org. Availability for this program is limited and subject to insurance carrier approval.