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Wednesday 5 August 2020
Insuring buildings and contents for blue light organisations is a relatively straightforward proposition. The challenges arise when insurers are asked to insure speed cameras, show money (cash and property seizures flowing from the proceeds of crime) as well as cryptocurrency.
All these factors need to be carefully considered so the cover is woven together to leave no gaps and to make sure the insured has the correct level of cover.
In this webinar, Philip Farrar, National Development Director at Risk Management Partners (RMP), considers the causes, costs and patterns of material damage and business interruption claims of the blue light sector using the RMP/AIG reservoir of claims data from 2004. Philip will also explore the challenges of writing material damage covers for blue light services, why they are attractive risks to the insurance market and future issues.
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