As businesses around the world were suddenly locked down due to the Covid-19 Pandemic, the Crescent Racing-operated Yamaha WorldSBK project, and the series itself, faced the same restrictions. Potential losses of revenue and additional costs were an immediate concern, and like many businesses our first call was to our long-term insurance partner, Tysers. While the name has recently changed – from Integro to Tysers following a strategic purchase which almost doubled the business in size – the company has retained its 35 years of experience representing clients in every major motorsport championship and across the entertainment industry.
At the beginning of the health crisis, the team at Tysers had many issues to contend with, not least being the huge volume of clients to connect with. A challenge for Tysers, after extensive investigations with their insurance partners, was on occasion the delivery of “bad news” – the fact that Global Pandemics are specifically excluded from some policies and are not “priced in” by the insurer within the risks covered. Despite these challenges, Tysers’ level of personal service and attention to detail left Crescent’s team in no doubt that no stone had been left unturned.
Thereafter, Tysers took a different and very pro-active approach with advice and support with regard to our covering all aspects of our comeback to WorldSBK racing – we know we can count on Tysers as a broker who genuinely lives up to their “aftersales service” reputation and has helped the team and Yamaha come back “to work” in the knowledge that we have their resources to rely on when things “go wrong”.
Tysers, founded in 1820, is a leading specialty insurance brokerage firm, serving clients in over 125 countries. The business is active in a range of speciality areas, including Marine & Aviation; International Property & Casualty; Reinsurance; Management Risk; Accident & Health; Bloodstock; Corporate & Commercial Business Risks, Entertainment, Sport and Private Client Solutions.Tysers’ sports team expertise provides the Pata Yamaha WorldSBK Official Team with Rizla, Crescent Racing and Yamaha Motor Europe with unique and innovative solutions to safeguard risk exposure across many key areas, including:
• Director and team member travel, accident, medical and repatriation cover
• Rider travel, accident, medical and repatriation cover
• Complete global racing team cover
• Race team headquarters building and all required cover
• Race transport, goods in transit or storage, global transit and trackside cover for machinery, parts and equipment
• Contract bonus cover for championship and race results exposure
• Rider replacement cover
• All forms of liability cover for trackside, racing (including individual staff) and technical suppliers
For more information or to discuss your insurance requirements contact Tim Marshall at email@example.com or phone 07810 882388
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