Catastrophe Plus Insurance

Contact the Catastrophe Plus Insurance team

020 7655 8080 Request a call back
Catastrophe Plus Insurance

Our aim is to protect you in the event of a crisis

We are pleased to offer Catastrophe Plus Insurance – a product designed to protect both tour operators and dynamic packaging companies against the financial cost of unexpected incidents.

Catastrophe Plus Insurance is the first product of its kind to benefit from the backing of Lloyds underwriters and provides financial cover for events such as storms, earthquakes, tsunamis, adverse weather, volcanic eruptions, riots, civil commotion, strike actions, and most epidemics. The product was created at the request of tour organisers who were left with significant costs following the eruption of the Eyjafjallajokull volcano in Iceland in April 2010.

This insurance covers the insured for their Net Ascertained Loss, including any costs incurred whilst mitigating such loss, when those losses arise from an insured peril.

What is Net Ascertained Loss?

This is the loss to the insured after all recoveries from airlines, accommodation or providers of other lost or curtailed services, and after Mitigation.

What is Mitigation?

It is the duty of the insured to act as if uninsured. They must:

What are the Sums Insured?

Insurers will pay only up to the sum insured and any loss over and above that will be for the insured’s own account. The actual sum insured is initially calculated, by the insurers. This will be determined by the information that you will be asked to provide and will include a breakdown of turnover and booking patterns, type of business and destinations. On this basis we will calculate the premium.

The sum insured is an aggregate for the period of cover. If any part of the cover is exhausted by loss, insurers will consider reinstating the cover up to the full sum insured, other than for the peril that caused the loss, at an additional premium calculated pro-rata as to time and amount. There is no excess to be paid by you.

Enquire about Catastrophe Plus Insurance

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Want to know more about Catastrophe Plus Insurance?

Please get in touch with our divisional director, Clifford Flack, using the details below.

020 7655 8080 Request a call back
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