What else should be considered when buying insurance for a Motor Racing Team?
The main consideration for many motorsports teams is ensuring ‘agreed value’ for the racing vehicle and equipment. It’s obviously very likely that the vehicle itself will be heavily modified and significant IP invested into it – you will want to make sure that the insurance reflects that and is agreed with by the insurer.
Aside from insuring the teams assets, equipment and logistical considerations, you may need to think about your liabilities. Even if the team is run by enthusiasts and volunteers, you will need to consider Employers and Public Liability cover, protecting you in the event that someone were to be injured or suffer a loss as a result of the teams activity.
Why choose Prosura for Motorsport Team Insurance?
We’re here to let you get on with running your business by providing friction free access to expert advice and high quality insurers. We’re on hand with professional advice as your business evolves and expands.
We also give all our Motorsport Team Insurance Clients free access to PROSURA Digital Lawyer, saving them hundreds of pounds a year on Legal Fees.
For your Motorsport team cover requirements, contact the specialist brokers at Prosura today.