Legal News

Exclusion and coverage in event cancellation insurance

Published on: 11 August 2017
Published by: LexisPSL
  • Exclusion and coverage in event cancellation insurance
  • When the headlines say Kanye West is suing ‘Lloyds’, who is likely to be the actual defendant?
  • What would be the actual type of insurance contracts and policies that would be involved in his or other big performers' event or performance insurance?
  • What would typically be covered and excluded under such a policy?
  • Would use of cannabis or other recreational drugs by a performer normally cause the loss to fall under an exclusion? 
  • In terms of proving how the loss was incurred, how difficult is that in such a situation and how are these types of non-coverage issues handled? Through litigation, settlement, arbitration, mediation? 
  • Are there any relevant precedents/case law?

Article summary

Insurance and Reinsurance analysis: A series of cancelled shows for which Kanye West believed himself entitled to compensation has seen an events insurance policy steal the spotlight from the popular musician with headlines stating that Mr West is suing Lloyds. A solicitor with expertise in cases against Lloyds syndicates, and in this variety of confidential and high-profile insurance arrangements explains what suing Lloyds actually means and the coverage issues that would likely arise. or take a trial to read the full analysis.

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