The British Insurance Brokers' Association (BIBA) has selected Beazley to provide an exclusive event insurance scheme for its members.
The specially tailored scheme will provide access for BIBA members to Beazley’s market-leading event cancellation cover for a wide range of events both in the UK and internationally.
In addition to protection against financial loss arising from cancellation, disruption or rescheduling of an event resulting from circumstances beyond the control of the organiser, Beazley is offering event equipment and cash cover free of charge through the scheme.
Brokers will also have access to other event cancellation policy enhancements such as terrorism, communicable disease and national mourning cover.
BIBA members can place cover via Beazley Access, an easy-to-use online quote and bind system, or via Beazley’s Lloyd’s syndicate.
Steve Foulsham, BIBA’s Head of Technical Services, said: "We are always looking to provide members with niche, first-class insurance products, and the Beazley event insurance scheme fits the bill perfectly. We are delighted to be working with Beazley, and to offer this market-leading cover to our members."
Michael Price, Contingency Underwriter, Beazley Group said: "We are looking forward to working with BIBA brokers through this new scheme. The extreme weather conditions we are currently experiencing are a timely reminder of the value of event insurance, and the financial impact of having to cancel or abandon an event. Events of all sizes can be covered both in the UK and internationally, and with over 5,000 events taking place each year in an average UK town, this scheme offers BIBA brokers a profitable new business opportunity."