IRMI Update Quiz
If a Taylor Swift & Travis Kelce wedding and a FIFA championship match were both forced to relocate because an unexpected storm caused infrastructure failure that made the venues unusable, which risk-financing tool would organizers be most likely to rely on?
A. Property insurance
B. Inland marine insurance
C. Event cancellation insurance
D. Fiduciary liability insurance
Correct Answer: C. Event cancellation insurance. Organizations can protect themselves from financial losses resulting from events gone wrong by purchasing event insurance. The most common types of event insurance are event liability, event cancellation, and participant accident insurance. Learn more in this article from The Risk Report.
