Sports insurance companies and sport insurance
Sports insurance is something that is often overlooked by
athletes and those participating in recreational sports. Where
the athlete is competing professionally, sport insurance is
a major part of their career planning. Should they suffer
an injury while participating in a competition their career
may be ended. Sports insurance may be the only option they
have to rely on to sustain them financially for the rest of
Where an athlete is not competing professionally, sports
insurance must still be part of their sporting plan. Problems
can arise when participating in sporting activities that may
affect their 'day job' or create long term health problems.
What should we consider when looking for sports insurance,
and what options are available? -
Sport insurance for professional athletes
For a professional athlete, sport insurance is an important part
of their career planning. Their mortgage, family life and future
plans depend on their ability to keep competing in their chosen
activity. When they suffer a sports injury that cuts short their
career in sport, sports insurance will give them some measure of
support in surviving this life changing event. This sport insurance
is expensive, and only those involved in sport which has a strong
financial structure and backing can afford it.
It should also be recognised that sports injury can sometimes lead
to non-professionals having to abandon their chosen career through
this injury. Where their job has a physical demand, injury in sport
can prevent people from continuing in this job and so they are forced
to leave. This may not be adequately compensated in sports insurance
Sports insurance for sports injury treatment
Injury in sport can be very inconvenient. It can force you to take
time off work, but may also mean you are not available to participate
in your sport, for example as a team member. Many clubs and societies
therefore find it advantageous to help athletes to have their injury
attended to by the fastest means possible. This may mean a private
visit to a consultant, and private treatment by other specialists.
Sports insurance can provide the means to make this happen.
Sport insurance for sports equipment
Participation in some sporst is relatively inexpensive, while for
other sports a substantial investment is required. Sport insurance
can be obtained to cover equipment which can be broken or stolen.
The more proficient the athlete becomes in his sport, the more specialist
equipment seems to cost. In these cases, sport insurance should
be seriously considered.
Sports insurance for sporting facilities
Sports organisations and clubs may have specialised premesis or
buildings which need to be insured. Sports insurance in this case
would need to take account of situations where there are multiple
keyholders and a large number of visitors. There is no point in
buyingsports insurance for a venue, and misrepresenting or minimising
the range of activities taking place. Money spent on invalid insurance
is money wasted, so consider your options carefully.
Sports insurance for sporting events
When a sporting event is organised, it is usually a public event.
In this case it should be covered by public liability insurance.
Sports insurance companies may have specialised options for different
types of sports so it is important to check with a specialist.
Winter sports insurance
With more and more people going on skiing holidays and competitions,
winter sports insurance is becoming a mainstream branch of the sports
insurance market. Winter sports insurance is a specialised area,
and includes cover for activities and possibilities not encountered
in other sporting situations.