Event & Liability · 2024
A rained-out weekend, fully reimbursed
Lumen Festival
$740K
Claim paid
100%
Deposits recovered
21
Days to pay
Overview
A storm forced an outdoor festival to cancel — and the event-cancellation cover we structured returned every deposit.
The risk
The festival ran on thin margins with hundreds of thousands committed to vendors, artists, and venue deposits weeks before the gates opened. A single bad-weather day could have ended the event for good.
How we structured it
We placed event-cancellation insurance with adverse-weather coverage alongside their general and liquor liability, timed to the specific forecast-risk window of the festival dates.
The outcome
When a severe storm forced cancellation, the policy reimbursed non-recoverable costs and lost ticket revenue. The festival returned the next year instead of folding.
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