An occurrence, usually one that may lead to one or more claims. For example a fire, storm, etc. Events may be insured or uninsured.
Insurance Encyclopedia
Event insurance
Provides package coverage for the sponsor of public or private events, such as concerts, festivals, conferences, trade shows, sporting events, and celebrations, to name a few. Available coverages include property insurance, general liability insurance, employers liability insurance, and cancellation insurance.
Evergreen Clause
A term in a Letter of Credit providing for automatic renewal of the credit for an indefinite number of periods until the issuing bank informs its beneficiary of its final expiration.
Evergreen contracts
Managed care plan agreements that renew automatically after the first year has been completed.