RYA Legal Advisor, Mandy Peters, discusses club related insurance issues with Ben Bennett from Gallagher Heath Insurance Services.
How can RYA clubs determine what type of insurance covers they need?
Gallagher Heath Insurance Services have in excess of 30 years’ experience in dealing with RYA Club Insurance and have expert staff who can assess the individual demands and needs of each and every Club.
Should a club ensure that regular professional advice/assessments are carried out when insuring its assets (clubhouses, outbuildings, marine installations and contents)?
Yes. It is vital that regular assessments are made on all Club owned property, and formal professional valuations are highly recommended when insuring buildings, marine installations, and cups and trophies.
Is it important that clubs notify insurers of changes to their activities undertaken?
Yes. It should never be assumed that all activities are covered automatically by an insurance contract. If in any doubt as to whether the activity has been disclosed to insurers, you should seek referral and agreement prior to the activity/event taking place.
Should clubs notify insurers of changes of equipment (for example, club boats and outboards) and what is likely to happen if they do not?
Clubs should immediately advise insurers of all changes (additions, deletions and replacements) to ensure that cover remains adequate at all times. Failure to do so may lead to repudiation of loss in the event of a claim.
Should you require a quotation for your Club or Training Centre, or if you are an existing Gallagher Heath Insurance Services policyholder and would like to discuss any aspect of your existing cover, please call us on 01384 822279 or email: firstname.lastname@example.org and we will be delighted to help.
Gallagher Heath Insurance Services is a trading name of Heath Lambert Limited, which is authorised and regulated by the Financial Services Authority. Registered Office: 9 Alie Street, London E1 8DE. Registered No: 1199129 England and Wales www.gallagherheath.com