Insurers are likely to escape large payouts for the cancellation of big events caused by the death of Her Majesty the Queen Mother.

Aon Sports and Recreation associate director Gillian Taylor said the Queen Mother's death had been a standard exclusion on most events policies since January last year.

"The Queen Mother has been an exclusion for some time now [due to her age]... and we've not seen any activity relative to any risks we placed previously," she said.

However, it is also unlikely that any events will be cancelled. A weekend press notice from Downing Street said neither the Royal Family nor the government expected sporting fixtures in the run up to the funeral, on 9 April, to be cancelled or postponed.