Monster Policy
The organizers of a duathlon in Scotland have taken out advertising insurance. Oh, they call it "Nessie" insurance and it supposedly covers any attack on participants in the event by the fabled creature, but it really is a cheap way to get lots of free publicity for the event.
LONDON (AFP) - Organisers of a duathlon in Scotland have taken out a one-million-pound (1.46-million-euro, 1.97-million-dollar) insurance policy against attack by or sighting of the fabled Loch Ness monster.
Transport operator FirstGroup said in a statement that its policy with insurers Royal and Sun Alliance would pay out should "Nessie" emerge from the murky depths of the vast watercourse and/or attack one of the competitors.
First Monster Duathlon race director Malcolm Sutherland said they were planning for all eventualities.
Jon Woodman, trading director at R and SA said: "This is one of our more unusual requests but it certainly gave our team something to get their teeth into."
Any "proven sighting" has to be independently verified, subject to policy terms and conditions, the insurer said.
We here at Blue Crab Boulevard are cheerfully helping the organizers get that free publicity. Mostly because it gives us a chance to go on record saying we'd pay £ 1 million to watch something like this happen! (Well, if we had anything like that kind of money, of course.)
World news | Gaius Tuesday, 21 August , 2007
By Sam L., Tuesday, 21 August , 2007 @ 7:55 am
I expect the premium on this was maybe 100 pounds sterling (don’t have that pound-sterling symbol) just for the administrative costs. That’s all I’d charge to cover an impossible event, though I wouldn’t cover the “sighting of Nessie”, just an attack by. Sighting’s a bonus event, not a disaster.