Sometimes you may feel that the insurance classes available are not enough. Sometimes you may suffer losses that do not fit under any insurance class.
In the case of contingency losses arising from an unexpected and accidental event, which cannot be indemnified under another insurance contract or on the basis of law, are indemnified.
This insurance class can be applied in very different fields. Seesam has experience in insuring the possibility of cancellation of entertainment events and organisation of sports events.
Based on the essence of insurance activities beyond the control of the will of the policyholder, which in the case of an entertainment event can be fire or criminal damage of the place of performance, unforeseen weather conditions, or the performer's failure to appear at the concert, are subject to insurance. Upon organisation of sports events the prize of the competition, which is usually issued only in the case of very rare circumstances, is subject to insurance. Such circumstances may include a hole-in-one in golf, a 147 maximum-break in snooker or a nine dart finish in darts.
With the help of contingency products the cost incurred by the policyholder, not the business profit related to the event are insured. If an event is not promoted enough or if the performer does not interest the audience and therefore the event does not pay for itself, it is a business risk and the damage suffered is not subject to indemnification by the insurer.