Revenue Protection Program
Snowstorms, temperatures soaring to excessive highs, flash floods, even the far-reaching effects of terrorist attacks on the other side of the country. These are the types of unpredictable “occurrences” that can take a big bite out of your annual fair or covered interim event’s revenue… unless you’re covered by the Revenue Protection Program.
This program, administered by California Fair Services Authority (CFSA), is designed to reimburse participating fairs for certain revenue interruption losses. Protection can be purchased for annual fairs as well as interim events and extra expenses resulting from a covered occurrence.
The program’s responsive fee structure takes a number of different factors into consideration including the level of risk associated with the length of an event: Lower fees are assessed for fairs with fewer days, for example, and higher fees for events that run through multiple weekends.
The “Memorandum Describing the Revenue Protection Program Administered by the California Fair Services Authority” should be used to determine the actual protections, maximum limits, conditions, limitations and definitions for the Program. For a copy of the program’s Memorandum, please contact CFSA’s Executive Director Rebecca Desmond (916) 263-6161. Here’s a copy of the most recent Revenue Protection Program Fee Schedule.
Program fees are based on the limit of protection desired, with limits available from $50,000 to $500,000 for events with a three-year history. Protection may also be purchased for events with one or two years of revenue history for a higher fee and reduced limits of protection.
How to file a claim, what to include and who to contact:
♦ Notify CFSA.
♦ Use Proof of Loss Form (available via the link at the top of this page).
♦ Document events, (take pictures if applicable).
♦ Obtain newspaper or other articles relating to loss.
♦ Document extra (over and above normal) expenses paid to resume normal fair time or
covered interim event activities. Do not include hours normally worked.
What to include with your claim:
♦ Sworn Statement in Proof of Loss (notarization not required in 2020).
♦ Revenues from above mentioned accounts for current year. Do not include sponsorships.
♦ Newspaper clippings or articles verifying occurrence.
♦ Accounting of extra expenses paid.
Who to contact:
For application deadlines or other information about this program, please contact Mario Castagnola at email@example.com or (916) 263-6145.