Plan events securely, celebrate worry-free
Secure your event against unforeseen disruptions. With nextsure's event cancellation insurance, you can minimise financial risks in the event of cancellation, postponement, or termination.
Comprehensive Protection
Customised Rates
Digital Processing
What does event cancellation insurance cover?
Location Cancellation
Official Prohibitions
Failure of Important Equipment
Extreme Weather Events
Why is insurance essential for events?
Organising an event involves significant financial upfront costs. If you have to cancel or postpone your event at short notice, you could face high expenses from costs already incurred for rentals, catering, artist fees, or technology. Without event cancellation insurance, you bear this financial risk alone. Such coverage is therefore essential to protect yourself against potentially high losses. Especially for businesses, associations, or freelancers who organise events regularly, event insurance is an important aspect of risk management. It enables secure planning as unpredictable events do not immediately lead to a financial disaster. Investing in event cancellation insurance with nextsure is an investment in your financial security.
nextsure Event Protection
Benefits of our event cancellation insurance
Backup protection
Coverage in the event of cancellation, postponement or interruption.
Cost Coverage
Reimbursement of lost costs and lost profits.
Weather risks
Optional protection against extreme weather conditions.
Technical fault
Protection against unforeseen failure of important technology.
Staff Shortage
Cover for non-appearance of key persons (e.g. artists).
Rental costs
Covering cancellation costs for rented locations.
Service provider
Protection in case of failure of booked service providers.
Online Police
Conveniently complete and manage your policy online.
Consultation
Our experts provide comprehensive advice on the appropriate coverage for your event and offer quick and straightforward support in the event of a claim.
Tailored protection for every event size and budget.
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Who is event cancellation insurance suitable for?
The event cancellation insurance is aimed at a wide target audience. Private individuals planning larger celebrations such as weddings or anniversaries benefit as much as clubs organising festivals or tournaments. For companies conducting conferences, trade shows, or corporate events, event insurance is often indispensable. Freelancers and event managers, whose business depends on the successful execution of events, should not underestimate the risk of cancellation. nextsure offers flexible plans tailored to the specific requirements and budget of each organiser to ensure optimal cost protection for events of any scale – from private parties to public festivals.
Common Types of Damage and How Insurance Can Help
Imagine the venue you booked sustains water damage just before your event. Or the keynote speaker at your conference falls ill suddenly. Another scenario: An unforeseen hazardous situation prompts a governmental order to prohibit your open-air event. In all these cases, significant costs can arise. The event cancellation insurance from nextsure steps in here and covers the insured costs. It reimburses non-refundable deposits, organizational costs, or even lost profits, if this has been agreed upon. This minimises the financial damage, ensuring that organisers are not left with the high costs. An example: A wedding has to be cancelled due to a sudden serious illness; the insurance covers cancellation costs for the venue and service providers.
Cost Factors: What influences the premium of your event insurance?
The premium for event cancellation insurance is influenced by various factors. A significant cost factor is the sum insured, which is the maximum amount to be paid out in the event of a claim. This should cover all potential costs. The type and size of the event, its duration, the number of participants, and the venue (indoor vs. outdoor) are also taken into account in the calculation. If additional risks such as the absence of key personnel (e.g., artists) or extreme weather events are covered, this can affect the premium. Nextsure calculates your contribution transparently, based on a precise analysis of your specific event and the desired scope of coverage, to offer you optimal event protection.
The digital completion at nextsure: Simple and fast
At nextsure, we enable you to conveniently purchase your event cancellation insurance online. The process begins with a non-binding quote request via our website, where you enter the key details of your event. Our system or our expert advisors will then create a tailored offer. If you agree, you can sign the contract digitally. You will receive all relevant documents electronically and always have access to them in your personal customer portal. Claims can also be reported easily online. This consistently digital process saves time and allows us to offer you attractive conditions for your event coverage.
Digital & Fast
Online Degree
Fair & Transparent
Clear terms
Expert Support
We are here for you
Differences to other insurances (e.g., organiser liability)
It is important to distinguish event cancellation insurance from other types of insurance. An organiser's liability insurance covers personal injury and property damage caused to third parties during your event. However, it does not provide coverage if the event itself has to be cancelled or postponed. A travel cancellation insurance covers the cancellation costs of a trip, but not the costs of a separately booked event. Event cancellation insurance, on the other hand, is specifically designed to cover the organiser's own financial costs in the event of cancellation, postponement, or abandonment of the event due to insured causes. nextsure is happy to advise you on the differences and help combine suitable insurance solutions.
Tips for Minimising Event Risks in Advance
In addition to taking out event cancellation insurance, you can actively help to minimise risks. Careful planning is essential: Create detailed schedules and checklists. Choose reliable service providers and document contracts in writing. For outdoor events, have a Plan B in place for bad weather. Find out early about necessary permits. Good communication with all parties involved, including authorities, can prevent many problems. Ensure adequate safety precautions. These preventive measures ideally complement the coverage of your event cancellation insurance and contribute to a smooth process.
Additional modules: Extend your protection as needed
The basic coverage of event cancellation insurance protects against many contingencies. However, depending on the type of your event, additional modules may be useful. A frequently chosen addition is coverage against weather risks, especially for open-air events. This provides coverage when extreme weather conditions make it impossible to proceed. Another important component can be insurance against the absence of key personnel (e.g. artists, speakers). If this person is unable to participate at short notice and the event cannot take place, this addition covers the costs. Additionally, protection against threats of terrorism or pandemics may be offered as an option depending on the insurer and risk situation. nextsure analyses your individual needs.
What events are typically insured?
Planning an event abroad or expecting international guests involves specific aspects of event cancellation insurance to consider. The coverage area of the policy must extend to the respective country. Local laws can influence the conditions. Clarify whether travel costs for international participants or artists are covered in the event of a cancellation. Currency fluctuations can also play a role. nextsure examines relevant international aspects for you and advises you on how to optimally secure your event across borders to minimize financial risks due to cancellation risk in the international context and ensure comprehensive event protection.
