OREANDA-NEWS. August 25, 2010. Ingosstrakh insured the risk of cancellation of the legendary U2 band concert to be held on August 25, 2010 in Luzhniki Sports Complex in Moscow within the world tour of the musicians.

Under the insurance contract for the risk of cancellation of the concert the following losses of the organizer which may be inflicted to it in case of cancellation of the event for reasons beyond its control are insured: impossibility to use the concert stage due to its damage (e.g. as a result of fire), illness of the band’s leading singers or any accident as a result of which the band would not be able to give a concert, act of terrorism or national mourning, etc. In such case Ingosstrakh will compensate the expenses for the concert hall rent, advertising, tickets print and sale, etc.

Ingosstrakh has a wide experience in such type of insurance: earlier the company insured the concerts of such world celebrities as Elton John, Britney Spears, Simply Red, Scorpions, Depeche Mode, Metallica etc.