I work in the outdoor amusemen industry...that is fairs and festival. Believe me...fairs, carnivals, vendors do not have such cancellation insurance. I checked. Cancel a fair....millions of dollars lost...not only carnival revenue...The fair gets a percentage of the take. Admission revenue...parking....percentage from all food concessions...as high as 35 percent (Marin County)...Vendors lost sales.
Then, the community looses too. No hotel rooms rented by vendors. Food delivery, (Sysco, etc) Beverage suppliers...Home Depot. Huge amounts of revenue are created when the fair comes to town...
This is pain all along the way...
Mrs rktman used to put on a festival in FL for several years so she knows well the intricacies of those events.