Sports insurance
It is vital that sport and recreation organisations protect their assets with adequate
insurance.
Sport insurance policies are designed to cover amateur and professional
players, clubs, groups and associations and organisations in the sports
industry.
There are a number of different types of specialised sports insurance
categories, including business insurance packages or sports clients,
which reflect typical business insurance types, plus additional
categories.
Player accident
Player accident policies cover amateur and professional sports players who may be injured while playing sport. The
policy
covers the players during the recognised competition time or during
club approved training. Most sporting clubs require players to take out
insurance policies, and the cost of the
premium for these is covered at the time of player registration.
Prize indemnity and player bonus insurance
Prize indemnity insurance covers the policyholder for the value of an
insured prize or a player bonus. Typical risks include golf hole-in-one,
half-court basketball shot, soccer or rugby goal kicking and more.
There is generally a limit, both for the maximum amount that can be
claimed and the maximum amount for a single claim.
Cancellation
Cancellation insurance covers expenses that occur because of the
cancellation, postponement, abandonment or relocation of an insured
event, with the option to extend cover to include adverse weather.
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