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Risk - from the future king to the Super Kings

On 29 April people across the UK and around the world will celebrate the wedding of Prince William and Kate Middleton. Communities around the UK will hold street parties to celebrate the event.

Zurich, a major insurer and Discover Risk supporter, is offering party organisers a special one-off policy for street parties of up to 200 revellers.  The policy means that, if a third party or property is damaged during festivities, Zurich will cover both the organiser and attendees for a single claim of up to £5 million.   This policy will also cover the'Big Lunch' event on 5 June.

One-off event insurance hasn't been designed just for this special event in the UK. The risk profession provides this service for many weddings, fêtes, and even events as big as the 2010 football World Cup in South Africa, which was insured for over $6 billion!

Similarly, the Indian cricket board paid nearly 2.5 billion rupees (that's £35m/$55m) to cover this year's cricket World Cup.  This included cover for the risk of cancellation and acts of terrorism during the event.

This kind of risk coverage doesn't stop at the end of the tournament - India's captain Mahendra Singh Dhoni, the highest played cricketer in the world, is insured for 340 million rupees (that's over £4.5m/$7.5m) by the Oriental Insurance Company (OIC). This means that the Chennai Super Kings captain can focus on leading his team to further success.




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