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The recent cancellation of the 40thCape Town Cycle Tour was without a doubt a big disappointment for all involved and with the Absa Cape Epic mountain bike stage race having just kicked off, the spotlight is now focused on the insurance implications involved in the cancellation of large sporting events.
Costs for cycle tour cancellation can cause more than a spoke in the wheel
The cancellation of the 2017 Cape Town Cycle Tour due to the unforeseen strong winds serves as an important reminder to all local businesses about the importance of insuring events.
Many of today’s new cars already have multiple forms of driver assistance: from adaptive cruise control, to lane change warnings, to self-parking, and sophisticated navigation systems that automatically re-route you in the event of traffic incidents.
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?