Party planners need not fear an approaching tornado, flames from the caterer's tent or a royal death with the introduction of Guest-Sure.

Insurex Expo-Sure has launched the new product to protect attendees and organisers of corporate hospitality events against unforeseen circumstances.

Guest-Sure is a customised policy that provides financial compensation for cancellation or abandonment due to causes beyond the organiser's control.

The causes covered include severe adverse weather, transport delays, strikes, power cuts, subcontracted service failure, fire or venue damage, double booking, delay and national mourning.

Insurex Expo-Sure spokeswoman Tracy Roberts said Guest-Sure could be used for both indoor and outdoor events.

“The cost of the policy can be easily built into the overall corporate hospitality package cost, with venue organisers earning commission on policies sold,” she said.

“For busy organisers it reduces the worry of unforeseen occurences happening and indirectly provides financial security and reassurance against their consequences,” she added.