Insuring Piers requires specialist knowledge and expertise. At PIB Leisure Attractions we have a dedicated team that have many years’ experience within this specialist sector.
Due to numerous high profile losses piers are traditionally very hard to insure. This often leads to pier owners being unable to afford the premiums, or even worse buying pier insurance which is totally unsuitable for the risks they face. As members of BALPPA and The National Piers Society, we work closely with the associations to ensure our knowledge of the leisure industry is up to date.
A common mistake we have found is that many piers have been insured as though they are a business property based on land, which is obviously not the case. Our pier insurance offering takes into account that they are marine structures which require cover specific to the sea and the elements. We have come across many clients who have bought the wrong product or paid far more than they should be for cover.
Through our experience working with clients in the pier industry we have created a product that addresses the risks piers face, and helps pier owners to manage the risk, which in turn makes the piers a more attractive proposition to insurers.
Our pier insurance meets the needs of pier owners, their mortgage/banks and charity funding such as the Heritage Lottery Fund.