Backing a winner

Organising an outdoor event takes a great deal of planning but what are the odds of having good weather on the day? Martin Friel highlights the importance of having event cancellation insurance, just in case the day turns into a disaster

The punters had been preparing for their annual pilgrimage to Cheltenham for the Gold Cup, ready to descend on the town in their droves to contribute their share of the hundreds of millions of pounds that are estimated to be gambled on this prestigious racing event.

However, the unpredictable British weather ensured that March's Cheltenham Festival was postponed for a day, bringing huge disruption and disappointment to both organiser and punter alike. It would be difficult to find a more apt