Still uninsured for your Latin American event? Then expect a Zika exclusion

viernes 18 de marzo de 2016 10:04 GYT

* Pregnant women advised not to travel to Zika areas

* Rio Olympics insured against cancellation

* Sponsors, hotels may not be

* Question mark over whether Zika is communicable disease

By Noor Zainab Hussain and Carolyn Cohn

LONDON, March 18 (Reuters) - Organisers of rock concerts and conferences in Latin America or fringe events at the Rio Olympics beware: if you still need insurance to cover cancellation due to the Zika virus, it's probably too late.

The International Olympic Committee (IOC) should be fine. It took out cancellation insurance for this August's games in the Brazilian city years ago, long before the mosquito-borne virus spread from the country through the Americas.

Anyone else who acted early is probably also safe. "Existing policies are unaffected and cover is provided," said Gary Flynn, at insurance broker JLT Specialty.

But organisers still seeking protection are finding clauses that block any payout, should their event be called off due to the Zika outbreak. "Insurers are now excluding this peril from any new cancellation policy for events in an affected area," said Flynn, who is JLT's practice leader for sport federations.   Continuación...