DeWitt Stern offers Super Bowl cancellation coverage | Canadian Insurance

DeWitt Stern offers Super Bowl cancellation coverage

Businesses covered even if kickoff is cancelled

Toronto bars and restaurants hoping to cash in on a successful Leafs playoff run are surely reeling today, but businesses in New Jersey dreaming of the extra dollars Super Bowl XLVIII will offer them need not worry about losing this anticipated revenue.

DeWitt Stern has designed an event cancellation insurance policy to protect businesses from lost revenue if, for any reason, next year’s Super Bowl, which is scheduled to be held in MetLife Stadium in East Rutherford, New Jersey on February 2nd 2014, is cancelled or moved more than 60 miles.

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Whether a severe blizzard paralyzes the New York-New Jersey transportation infrastructures or terrorist activities occur anywhere in the world, the policy is designed to respond as long as the Super Bowl is cancelled.

The coverage, which is underwritten by Houston Casualty Company, has been customized for businesses that would be financially impacted if the Super Bowl is not held in New Jersey as planned.

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“Event cancellation insurance is the broadest form of business interruption coverage available in the marketplace today. The policy is written to insure the ‘agreed amount’ of estimated potential revenue, protecting a business like none other,” states a DeWitt Stern press release.

The coverage offers up to $1 million per policy, covers severe weather and all forms of terrorism, and no proof of loss of estimated revenue is required.

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