Lenders are increasingly demanding political risk protection, including trade credit risk, terrorism and war insurance coverage.
What connects a rubber duck
with Lady Luck?
A washout loomed. Britain was enduring its wettest summer in 200 years – with floods, transport chaos, and thousands of cancelled events.
A famous horse race was in jeopardy. Until, that is, our specialist loss adjuster rode to the rescue. Within days he’d devised a solution, sourcing newly developed plastic sheeting that would save the track from the forecast deluge. The race went ahead and we’d saved the client £1.4m in claims with a £10k fix – one made thanks to plain-old plastic, like any bathtime ducky.
Winner.
We are a market leader in contingency insurance for the sports, leisure, entertainment, conference, exhibition, and trade show industries worldwide. Our team of contingency underwriters based in the US and London are the most experienced in the market and have the knowledge and expertise gained over almost thirty years to advise brokers and their clients on assessing risk and designing the right coverage.
What leaders say about the current environment?
Lenders are increasingly demanding political risk protection, including trade credit risk, terrorism and war insurance coverage.
Strikes, riots and civil commotion standalone insurance should be on businesses’ consideration list – particularly in regions with polarised voters.
Forewarned is forearmed when it comes to geopolitical risk – as political risk and political violence insurance will be harder to come by.
Beth Diamond
Group Head of Claims
Find out about the industry and how our products can assist.
Our expertise in event cancellation insurance ranges from providing coverage for some of the world's largest conferences, exhibitions, festivals, music tours and sporting events to small scale events in local communities.
Weather Guard provides flexible insurance cover that gives the insured control over the key elements of their insurance.
Freedom lies in being bold. We dare to be different and seek bold possibilities to create more innovative, fair and satisfying outcomes for our clients, brokers and employees. From insuring the highest building in the world, to the first commercial lunar vehicle to operate on the moon - we boldly go where others won’t.
Good is a start, but we go all-out for better. A driven community of individuals relentlessly push the needle and creating value. From launching the market’s first dedicated ESG syndicate to the establishment of our business unit focusing on designing digital insurance solutions, we pride ourselves on always going above and beyond. Simply put, at Beazley we go to 11.
Acting with integrity in a straightforward, decent way is instinctive. Open and honest with others, we show respect and empathy however challenging the situation – demonstrated by our multi-award winning claims team. Doing the right thing makes for a fair-minded, rewarding environment and makes work and life better for all.
