|MSA cover has always been in place centrally to cover motor sport events and MSA officials in the course of their duties. However, MSA clubs have then taken out additional Public Liability insurance policies to cover injury to third parties and damage to their property arising from the social activities of the club.
In association with newly appointed insurance broker, JLT Sport, the MSA has been able to extend the existing third party cover to provide £5m of Public Liability insurance for member clubs` social activities with effect from 1 January 2008.
The MSA has written to all member clubs to draw their attention to the improved cover and to ensure that clubs do not renew their own club policies unnecessarily.
The MSA has also increased the Personal Accident cover for MSA Officials with effect from 1 January 2008, providing enhanced benefits additional to those already existing, as follows:
Loss of speech: £32,500
£50 per day hospitalization benefit capped at £500 any one loss
£100 convalescence benefit
£200 for broken arm, leg and £50 for all other broken bones capped at £500 any one accident
Colin Hilton, MSA Chief Executive:
"We are delighted to have been able to work with JLT Sport to secure these improved terms with effectively no additional cost to member clubs. As clubs had been negotiating on an individual basis, we believe that some had been paying premiums of as much as £700 per annum. We estimate that by co-ordinating this cover centrally, we are probably saving more than £100,000 of club expenditure. Thanks to the developing relationship with JLT Sport and the efforts that they are making on our business, the MSA is able to provide a significantly enhanced insurance programme for its member clubs and officials."
JLT Sport has launched a new website at www.jltsport.com/msa to provide all the insurance information required by clubs and organisations, including details of cover, advice on risk management and all the relevant claims and application forms.
Release MSA08-005: 21 January 2008