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I think super fueling a COVID-19 outbreak would bite into the economies a bit more than canceling a few events

If you are a large event, the hope is they purchased a policy for show stoppage events and it covers public health events like this. It won’t make you completely whole but should limit losses on contract commitments to venues, hotels, f&b, etc.

I think so. How many people fall ill as a result of attending any given large conference? Probably hundreds -- but conference organizers have never been considered liable for this. If the coronavirus phenomenon shifts liability in the popular perception, there's no way you can afford the PR risk of hosting a major gathering.

Not to mention, lawsuits and insurance coverage.

You'd be a fool to insure someone against coronavirus-related liability for an upcoming event.

Terrible in terms of consideration.

If you employees caught up by the virus, it will be a huge blow to the company beyond just image.

Maybe not a terrible company, but no single rain droplet thinks they're responsible for the flood