A event management company has been organising a musical night very year in a city. The event has been successful in the past. Due to riots in the city all the events was cancelled by the government and the organization suffered huge loss.
Cancellation of event due to Riots was not covered under the policy.
Since the loss due to riots are not covered under the policy various measures were suggested to reduce the loss.
The policy should be comprehensive policy covering natural calamities, riots, strike & fire etc.
A marathon was organised to raise funds for the cyclone affected areas. Just before the event was about to start, the plaster of the building fell under which the participants were standing. Few of the participants got injured.
The policy has a very small amount of coverage under Medical expenses, which was not enough to cover the entire expenses.
Since the loss due to riots are not covered under the policy various measures were suggested to reduce the loss, like treatment at home if possible. This reduce the overall expenses.
Adequate cover should be taken for medical expences.