Beazley is experiencing strong demand in Australia for contingency insurance driven, for example, by interest in extreme weather events such as the bushfires and floods of recent years.
Event cancellation and key person non-appearance cover remain vitally important to the events and entertainment industry but we are seeing increasing demand for innovative products such as prize indemnity and Weather Guard which can be utilised by a wider range of industries.
Weather Guard was launched in Australia in 2015 following its success in the US. The product embodies a radically new concept, covering weather-related perils that have historically not been offered cover. This means it can be used for weather-triggered sales promotions and prize giveaways as well as more traditional uses for weather insurance, such as stabilising revenue or managing unplanned additional costs.
Event insurance covers are available on our myBeazley platform, which provides brokers with the ability to quote, buy and service the products for their clients online.
Beazley's specialist approach to contingency is further underpinned by investing in a global database of weather statistics to support the pricing of weather products and event cancellation covers.
Beazley is a market leader in event insurance. Our expertise ranges from providing cover for some of the largest events in the world; but we can also insure smaller events like to community fun days, school fairs and weddings.
Adverse weather can jeopardize business growth, lead to unbudgeted expenditure and cause volatility in earnings. Beazley Weather Guard provides flexible cover that gives the insured control over the key elements of their insurance.
When an event organiser offers a prize to anyone who successfully completes a specified task, our prize indemnity product covers the cost to the organiser should the prize be won.
Phone: (02) 8252 7900
Fax: (02) 9252 6643
Attention: Privacy Officer
PO Box R1196 Royal Exchange NSW 1225