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COVID19 Insurance Payment Assistance now available to golf facilities from Golf Business Australia

POSTED ON August 15, 2020 @ 12:36 pm

To offer golf clubs immediate financial relief at this difficult time, Golf Business Australia (GBA) is offering our partnering clubs up to 60days to pay insurance premiums whilst keeping your club protected.

It’s difficult to judge the change in risk exposures amid COVID-19 but to assist golf clubs to comprehend the current risk environment there is an argument to suggest;

  • General Liability: While there remains an exposure, the obvious conclusion with clubhouses shut down is the General Liability risk is decreased. However, an analysis of recent claims reveals only 11% of notifications result from clubhouse incidents while 89% occur on the course.
  • Management Liability: Golf Clubs’ exposure has increased due to the heightened risk directors and officers face on employment, financial & membership matters.
  • ISR:  No real decrease in exposure and vacant to semi vacant buildings become more vulnerable to malicious damage, vandalism & burglary. Fire risk may increase due to a decrease in supervision and other damage, such as water ingress from storms, may increase from a delay in identification. General maintenance may also decline.

While it is acknowledged that golf clubhouses are closed for business, premiums must remain a reflection of risk, with the balance of any change in risk unknown or subjective at best.

Daniel Bateup
The Golf Insurance Guy

Click here to register for more information:

Golf Business Australia is an official partner of Golf NSW and is an Official Licensee of The Australian PGA, and is the fastest-growing golf industry-specific insurance and finance provider in the country, and with a great understanding of the struggle, many clubs and golf business are facing.

 

Every golf business has a unique risk profile – let Golf Business Australia customise a plan that works to protect your assets, and revenue, from the unique conditions and threats of your golf business.

To find out more call The Golf Insurance Guy Daniel Bateup anytime on 1300 852 025 or fill out the contact form on our website and get a quote today and we’ll be in touch to start your journey soon.

 

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