INSURANCE

It has become apparent that some societies have decided, because of the lack of events, that they will not renew their Public Liability Insurance (PLI) until the situation gets better.  It is pointed out that they may well find themselves unable to renew, or face significant increased premiums.

It is also understood that it has been proposed to only insure per event and not for the whole year.  In this case there will be significant cost increases as the cost to insure one event at a time will far outweigh the cost per event when taken as part of an annual policy.

We would urge Societies to carefully consider what the best benefits are in the long term when deciding upon how to manage their PLI.

It has become apparent that some societies have decided, because of the lack of events, that they will not renew their Public Liability Insurance (PLI) until the situation gets better.  It is pointed out that they may well find themselves unable to renew, or face significant increased premiums.

It is also understood that it has been proposed to only insure per event and not for the whole year.  In this case there will be significant cost increases as the cost to insure one event at a time will far outweigh the cost per event when taken as part of an annual policy.

We would urge Societies to carefully consider what the best benefits are in the long term when deciding upon how to manage their PLI.