I am staging a charity dinner and the revenue that we expect is made up of the cover price and charitable donations on the night. How much can I insure?
The revenue from ticket sales and sponsorship can be insured because if the event is cancelled these amounts are easily proven. However, sums expected to be raised on the night may be uncertain, and are not always insurable. Charity events therefore usually insure pre-booked revenue only. The exception would be an event which has been staged for many years for the same charitable cause, at the same time of year, at the same venue, with the same type of guests. Here you would be able to demonstrate a track record of “on the night fund raising” and underwriters will consider cover for a proportion of this.
