Special Contingency Insurance

This insurance is designed to provide coverage for a diverse range of risks typically excluded by other insurance policies. It is particularly valuable for businesses and individuals confronting unique or uncommon risks.

Coverage

Some risks that can be covered by special contingency insurance include:


  • Loss to organisers if any exhibitions, sports or entertainment event is cancelled due to unforeseen events
  • Loss of use of voice by singers
  • Loss of a sportsperson's physical ability following an accident or disease

Benefits

  • This policy ensures peace of mind to businesses and individuals, knowing that they will be compensated for their losses
  • It acts as a safeguard against unique or uncommon risks that may not be covered by other insurance policies
  • By obtaining this insurance, businesses and individuals can mitigate the financial impact of unexpected events and focus on their core activities

Costing

The cost of special contingency insurance will vary depending on the size of the business, the nature of risks, and the specific policy that is purchased. However, in general, this type of insurance is relatively affordable.

Claim Process

1

Notify the insurance provider

2

Review the policy

3

Gather evidence

4

Document the loss

5

Submit the claim form and documentation

6

Claim evaluation

7

Negotiation and settlement

Note: The claims process can vary depending on the specific circumstances and the policies.

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