We’re always there with you.
Even when things don’t go as planned.
Contingency Insurance
You never know when the unexpected will impact an event, contract, or program. Sutton Special Risk offers superior contingency insurance, with a range of solutions for even the most challenging cases. Our underwriting expertise helps ensure that your client has peace of mind. The most common types of contingency covers are linked with sports, leisure, and entertainment and can encompass a multitude of exposures including:
Event Cancellation
Coverage is provided for financial loss due to cancellation, abandonment, postponement, interruption, curtailment or relocation of any type of outdoor or indoor event. Our policies will protect your client from loss of expenses or gross revenue and includes additional expenses to mitigate any loss. Coverage can be provided for a variety of events, including but not limited to:
Sporting Events, one day or over several weeks such as the Pan Am Games or FIFA World Cup
Music Events, Festivals and worldwide tours
Theatre Productions
Conferences, Exhibitions and Trade Shows
Non-Appearance or Interruption
Coverage is available if death, accident or illness, or unavoidable travel delay of a key person results in the cancellation, abandonment, postponement, interruption, curtailment or relocation of an event. This insurance can cover artists, bands, stand-up comedians, conference speakers, the bride and groom or even the birthday boy or girl.
Prize Indemnity
Companies often choose to protect themselves against contractual liabilities to award prizes in the event of success for mathematical & probability and skill based risks. Skill based risks include a golf hole-in-one, a half-court basketball shot contest, a shoot the puck hockey contest and others that are more ‘outside the box’. Mathematical & probability risk covers lotteries, game shows, envelope picks, roll-a-dice competitions and even weather related prize promotions.
Contract Bonus
This coverage can be purchased by sports team owners or sponsors to protect their financial obligation to pay bonuses should specific achievements be met. For example, paying player and staff bonuses should the Toronto Blue Jays win the World Series or paying a bonus to a golfer if she is number one on the LPGA rankings at the end of the year. Bonuses that are given to entire teams can also be protected.
Weather Day Commercial Shoot
Coverage is provided for commercial shoots, where there is a requirement to complete the filming within a specified day or number of days. We cover additional costs incurred due to the filming delay caused by adverse weather conditions. Coverage can be offered for sunshine, reasonable photographic conditions, wind or absence of precipitation.
Death, Disability & Disgrace
Many advertising campaigns are built around celebrities and professional athletes. Clients may incur significant costs related to these campaigns if the star of the campaign were to pass away, become seriously injured or disgrace themselves in the public eye. Our coverage protects against these expenses and coverage can be customized for non-advertising related exposures.
Transmission Failure
Sports events can be decided in a matter of seconds. Missing decisive moments like the game winning goal in game seven of the Stanley Cup because of a transmission failure could cost television broadcasters and companies millions of dollars. For certain events, like the Super Bowl, technical difficulties during a commercial break could be just as costly for advertisers. Transmission Failure coverage protects against losses following the failure to provide the entire sound and/or picture of a televised event or commercial due to mechanical or electrical breakdown, the failure of malfunction of the power supply and/or loss of satellite transmission.