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What is 'event insurance'?

Large events often have insurance to cover financial losses from cancellations due to unforeseen circumstances, such as the floods that affected The Human League's gig. This insurance can help organisers recoup costs for things like venue hire, equipment, and staff wages, though it doesn't always cover every single expense or the lost ticket revenue directly.

Stories that explain this

Human League gig cancelled by floods, but other Hitchin concerts will continue