Despite the most meticulous organization, circumstances may arise which could stop your event from proceeding as planned. This is likely to have a significant effect on your financial situation, and you may need to recover your financial loss or outlay on costs and expenses through event cancellation insurance. If it is possible for the event to proceed, perhaps at an alternative location or at a later date, this insurance will meet the reasonable additional expenses incurred in pursuit of this being achieved.
You may also find you are unable to vacate the premises due to an unforeseeable event, such as inability to access the venue. The delay in leaving a venue often attracts a financial penalty, which can be covered. In addition to your own costs, you also need to pay particular attention to potential financial loss which may arise out of contractual relationships with sponsors or through loss of costs, expenses, and guarantees which are not recoverable, such as commitments to hotels, venues, caterers or other service providers.