Insurer launches bespoke commercial policy for venue owners.
Hiscox has launched a commercial insurance policy for owners of high-quality venues such as museums, galleries, exhibition halls, theatres and training centres in the UK.
The policy, available only via brokers, is also suitable for owners of convention centres, art house cinemas and spas.
The insurer said that cover can be tailored to individual customers’ needs, providing insurance for buildings and contents, public liability, employers’ liability, loss of income, and internet and email risks.
Additional specialist covers can be purchased, for example - medical malpractice cover for venue owners providing health and well-being treatments, professional indemnity cover for trainers or cancellation cover for hirers of venues should they need to cancel their event due to unforeseen circumstances.
John Heaney, commercial underwriter at Hiscox UK, said: “We are pleased to be able to offer a bespoke insurance product for owners of high quality venues across the UK. By creating a dedicated product and service, we are able to be flexible to their needs. We believe there are many opportunities in this area and that clients and brokers alike will benefit from access to our 'one stop shop' for business insurance.”
