Overview
With 'the greatest show on earth' less than a year away, preparations are well underway for London to play host to the world. But what if something goes wrong? Allen & Overy identify the following as potential disruptions:
- political or civil unrest;
- terrorist attacks;
- public transport meltdown;
- a construction accident;
- a natural disaster;
- an outbreak of disease.
However unlikely, if any of these risks were to materialise, the upheaval and cost would be colossal. The cost of London 2012 is predicted to surpass £10 billion. More than 10,000 athletes are predicted to take part in the Olympics. Already, tickets for most events are sold out. Visitor numbers will rank in the several millions. By any reckoning, the figures involved are immense.
This briefing looks at the important role insurance will play in managing these risks and speculates on the type of cover involved, the retention policy and policy exclusions and limits. For the full analysis, click 'View Briefing'.
© Incisive Media Investments Limited 2012, Published by Incisive Financial Publishing Limited, Haymarket House, 28-29 Haymarket, London SW1Y 4RX, are companies registered in England and Wales with company registration numbers 04252091 & 04252093.