SA’s Fifa host cities have to decide whether to take out extra insurance to the tune of hundreds of millions of rand to boost their cover for some of the risks associated with the 2010 soccer World Cup.
Cities are grappling with the choice of making do with the cover of their existing insurance and that provided by the Fifa Local Organising Committee (LOC), or taking extra cover.
The City of Cape Town is not taking any chances. It is arranging for extra insurance cover of between R300m and R500m, says the city’s head of risk & underwriting, Chris Greenway.
Do we have World Cup covered?
eprop.co.za
June 5, 2009
