The Beazley difference

• Designing bespoke products to satisfy our clients' exact requirements
• Ease of transaction; business can be placed in the open market, via broker lineslip, binding authority or by reinsurance
• Significant capacity available to write the majority of risks 100%
• Owning a comprehensive database of weather statistics to support weather products and event cancellation
• Optional enhancements including terrorism, property damage, war, political risks and political violence

Coverage

• Event cancellation - major events, sports, trade shows,
  conference & exhibition, music, theatre
• Non appearance - music tours, theatre, key speakers,
  confidential life and judicial delay
• Weather - pluvius, prize promotions, cost containment,
  income stabilisation
• Film production - film producers indemnity, property and
  cast buy backs
• Advertising agents - commercial advertisers package,
  death and disgrace
• Prize indemnity - probability games, games of skill, games of chance, over redemption
• Event liability - public liability and employers liability
  (excluding US market)
• Transmission cover for live virtual events - event organisers if a transmission failure [disrupts or] cancels a virtual event.

Client Targets

• Event organisers
• Media companies
• Broadcasters
• Sponsors
• Advertisers
• Promotion agencies

Claims

• Experienced and professional claims service
• Rapid adjustment of claims
• Extensive network of advisors for clients

Limits

• Event cancellation - up to £30m/US $45m for standard events and up to £50m/US $75m for major events
• Event liability - Public liability up to £25m and employers liability £10m

Key Territories

Worldwide

 Government Live Event Reinsurance Scheme

The UK government is partnering with insurers to offer cover for event cancellation due to Covid-19 restrictions imposed by Government or local authority.

Key points of the scheme:

• Runs from 22nd September 2021 to 30th September 2022. Cover must be purchased at least 8 weeks prior to the event (except for first 12 weeks of scheme).
• The policy covers expenses only. No cover available for loss of revenue
• The event must have been cancelled due to instruction from Government or local authority only. It does not include reduced attendances or non-appearance due to Covid-19.
• Non Covid-19 cover must be in place with a participating insurer in order to access the scheme.
• Premium is 5% of insured costs, plus IPT. Deductible is 5%, subject to a minimum of £1,000.

Scheme Delivery Partner contact email: liveevent@marchcommercial.co.uk