May 19, 2006 at 8:09 pm
I have been invited to display my Harrier T2/T4 at the Museum of Flight
airshow on 29th July. Can anyone please give me pointers to suitable insurance companies?
Any idea what the usual 2 to 5 million indemnity insurance might cost
for a one-day event?
Cheers,
Ian.
By: 320psi - 21st May 2006 at 14:22
Hi, Im close to this subject at the moment, our 3rd party lilability policy has doubled for our open day in July,
Have a look at these brookers;
http://www.towergatehallandclarke.co.uk/
http://www.alexanderforbes.co.uk/AF/Offices
They certainly will be able to help you with a quote
Good luck
By: proplover - 21st May 2006 at 11:55
If your displaying at a public event then your expected to have your own public liability insurance, for a flying warbird its a ridiculous amount for premiums to have for example £10m coverage. The organisers have their coverage for things that might be attributable to them, I doubt very much if they will take on the additional risk of exibiters displays – If im wrong I’ll be first in the que to see if they’ll cover our warbird as well!
I suggest that you establish your total costs for attending, work out what you feel is a fair amount for the organisers to pay you and then agree with them a fee eg your fair and reasonable costs. You should include entry for yourself and assistant as a matter of course. Most organisers are helpfull, if they expect you to do the whole thing at your cost so that it benifits their event then if you go or not is up to you.
By: Trolly Aux - 21st May 2006 at 06:54
I am sure that the event organisers insurance could cover this , all they need to do is call to explain the event they are putting on and a risk assesment has been carried out.
I think the one problem would be if your inviting the public into the cockpit then that would be another matter.
By: TwinOtter23 - 20th May 2006 at 19:48
Most reputable event organisers will carry their own Public Liability Insurance but I would doubt whether they would insure individual exhibits that are visiting an event on a temporary basis.
Insurance and underwriting such activities is a complex subject and a few issues spring to mind when contemplating such arrangements:
Who would value the exhibit, the event organiser or the owner?
Perhaps both parties would have to come to some sort of agreed valuation?
Many insurance companies might also want an input to this process and possibly sight of the exhibit, to assess its condition, rarity etc.
Who would cover the transportation insurance for an exhibit, the owner or the event organiser?
How much advance notice of participation would be required to obtain suitable valuations and insurance cover?
Would this mean that an exhibit would have to be guaranteed to participate at an event for a certain amount of time?
By: iws - 19th May 2006 at 21:02
Thanks Mark.
Had a look at their site and it looks very applicable, but expensive!
But there probably isn’t anything much cheaper.
I agree with your sentiments, but there is a possibility of assistance for
other things connected with the display.
I suppose I have to equate spending £80 or so on insurance with what I get
out of it. Mind you, I assume I would get free entry plus entry for a helper,
so that would help a bit…………
Cheers,
Ian.
By: MarkG - 19th May 2006 at 21:00
How do Newark do it for Cockpitfest ?
Do they cover it, or is it down to the attendees ? :confused:
.
I believe it’s covered by FlyPast as sponsors and NAM’s normal insurance, but I’m happy to be corrected.
By: Dave T - 19th May 2006 at 20:58
…I still say that it should be the responsibility of the event organisers to cover the insurance though. If they want exhibits at their events in order to make them a success they should do what’s required to attract exhibitors IMO.
How do Newark do it for Cockpitfest ?
Do they cover it, or is it down to the attendees ? :confused:
.
By: MarkG - 19th May 2006 at 20:51
Ian,
I did a bit of digging on this very subject a while back on behalf of the International Cockpit Club, and the only company I came up with that were anywhere near sensible was http://www.events-insurance.co.uk/exhibitors.html
I can’t remember what the rates were now (something around 50-60 quid rings a bell for a one-off event) but have a dig around their website or drop them an e-mail – they were very obliging and returned my e-mails pretty quickly.
I still say that it should be the responsibility of the event organisers to cover the insurance though. If they want exhibits at their events in order to make them a success they should do what’s required to attract exhibitors IMO.