When your career is dependent on your physical abilities, an accident can have life-altering impact. We also provide coverage for professional hockey players in leagues across North America and elsewhere in the world. We work for a wide range of high profile sports stars - from footballers and golfers to motor racing drivers, boxers, Olympians and more. Professional and semi-professional sports clubs are usually members of a national or international association and participate within the structure and framework of the parent organization. Coverage can be provided to an entire team or on an individual basis. Registered office: Stansted House, Rowlands Castle, Hampshire PO9 6DX. The professional sports industry encompasses mainstream and niche sports from across the world. In most cases, the workers' compensation program can provide the most benefit due to severe damage leading to long-term or permanent disability, or when the athlete's body is in no condition to work anymore after their sports career ends . It will also protect your organization from potential litigation. Get A Quote! Overall, professional sports insurance is an important tool for protecting the financial well-being of professional athletes, teams, and organizations, and can help ensure that they are able to continue to compete and perform at the highest levels. The average price of a standard $1,000,000/$2,000,000 General Liability Insurance policy for small pro or semi-pro sports organizatons ranges from $97 to $149 per month based on location, size, revenue, claims history and more. A career-ending injury can be devastating to an athlete. We can tailor comprehensive insurance coverage for professional sports, including: League operators Teams, ownership organizations and employees Athletes Arenas, stadiums, training and conference facilities Keep your entire team in the game with a personalized benefits strategy Every weekend, fans flock in their thousands to stadiums to watch their favorite team play, whether it be a soccer match in the English Premier League or a basketball game in the National Basketball Association. Its crucial to have an in-depth, thorough consultation with an insurance broker to ensure special situations are properly addressed. EverSports & Entertainment Insurance. Products liability exposures can be high if the sports club operates the restaurants or snack bars. 2023 Granite Insurance. Professional sports insurance protects your organization and facilities from lawsuits with rates as low as $97/mo. Broadcasting rights revenue of selected sports leagues worldwide in 2019 (in billion U.S. dollars). They should also ensure that they have cyber coverage and determine if they need personal umbrella insuranceto protect them from a lawsuit. Professional athletes live a very intense, rigorous, but also glamorous lifestyle and let's face it, talking and worrying about having the proper insurance coverage might be a bit intense, but it is far from glamorous. We can tailor comprehensive insurance coverage for professional sports, including: Running a professional sports organization requires a vast roster of talented people. Visit original statistic We are . After we have a detailed understanding of your organization and your current insurance program, we can begin designing a program unique to your industry, and in line with your goals. As a niche insurer, our brokers and clients expect us to have the specialist knowledge and expertise to provide the right solution to their insurance needs. For decades, one of the key indicators of success for any given sports league have been the attendance figures, while TV viewership and online engagement have become more recent measures of success. or email below for more Professional Athlete Insurance information. Professional Leagues If an athlete can make it to the big leagues, insurance coverage becomes a different game, literally. Floor coverings must be in good condition. Accidents and injuries can occur at any time, and having the right insurance coverage can provide financial protection for medical expenses, lost wages, and other related costs. Crime exposure is from employee dishonesty and money and securities. Ticketing revenue is also a huge part of the industry, with the biggest sports teams selling out their stadiums to thousands of fans every week. Sports/Athletic Event (Participant Coverage Included) Annual or short term coverage for teams, leagues, tournaments, competitions, clubs, associations, schools, clinics, lessons and camps or any sporting activity that requires participant coverage. To gain a complete understanding of each clients lifestyle and risk profile, Marsh Private Client Services begins every new client relationship with a confidential, comprehensive personal risk management consultation. Helping you cover all the angles is what we do best. You will be notified by email when your registration is approved. Adequate lighting, marked exits and egress are mandatory. iTravelInsured Travel Sport. Trip Interruption 125% of insured trip cost. Reg no. Several policy options are available so you get the coverage you need: single or multi-trip emergency medical travel insurance or all-inclusive travel insurance that includes emergency medical, trip cancellation/interruption, and delay or baggage loss. They provide coverage for a variety of sports, including risky pursuits like mountaineering and skydiving. It includes: Learn how HUB was able to help a renowned IndyCar driver with his medical costs after a life-threatening crash with sports specialty insurance! Average per game attendance of the four major sports leagues in North America in 2022/2023, Further details: It also provide protection for teams in case something happened to the stadium or any other properties of the teams. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Visit original statistic PFS works with professional leagues, teams, athletes and coaches to create innovative insurance protection against financial loss due to a myriad of possible events. Escalators and elevators must be inspected regularly. Further, professional athletes, like others in the public eye, are more likely to be targets of identity theft, kidnap/ransom or extortion situations, stalking, or home invasion, and are more likely to enjoy extensive travel to international destinations. In this case, litigation between participants would also be covered. Please do not include sensitive, private information in this area. Most sports facilities have extensive wiring for lighting, sound systems, and other electronic equipment. Submit sports applications and claims on the Sutton portal by clicking the button below. Adequate security and training must be provided to employees handling money in ticket booths, gift shops, and concession stands to reduce the possibility of injury due to holdups. Growing Physical Therapy Clinic in need of an experienced medical insurance authorization/patient ambassador. In order to get an accurate estimate on pricing, it's best to get a quote . It also includes specific coverage for weather-related claims or terrorist activity. Stage and lighting setup may involve aboveground exposures that need additional protection and precautions to avoid falling from heights or being hit by falling objects. Overall, the sports and fitness industry needs insurance to safeguard businesses and individuals from the risks and challenges that come with providing physical activities and equipment. The following navigation utilizes arrow, enter, escape, and space bar key commands. We will approach your risk management holistically and advise you on the best options. Marsh McLennan is the leader in risk, strategy and people, helping clients navigate a dynamic environment through four global businesses. However, with the potential for fame and fortune also comes significant exposure to financial and reputational risks. Clicking on the following button will update the content below. These assets are often so distinctive that standard insurance policies are unlikely to provide adequate protection in the event of a loss. When managing risk in the world of professional sports, our team at Sports Insurance Solutions customizes insurance programs for your professional sports organization. Equestrian sports in the United Kingdom (UK), eSports market in the Asia-Pacific region, Impact of technology on professional sport & the fan experience, Sport associations in the United Kingdom (UK), Sports and recreation volunteering in the United Kingdom (UK), Other interesting topics relating to the sub-industries of the "Professional Sports" industry. SIS also provides risk . Events can take place in small to large venues. The commercial insurance content available on this page is for informational purposes only and not for the purpose of providing legal or financial advice. Professional sports teams need insurance to protect themselves from financial losses due to a variety of risks. Employees may have significant travel-related exposures. Sport insurance policies are designed to cover amateur and professional players, clubs, groups and associations and organisations in the sports industry. The interest in professional sports leagues varies from region to region. We work with you to develop tailor-made solutions adapted to your reality. Affordable Sports Insurance - Cover for Individuals and Groups We have a wide range of affordable Sports Insurance covers, including Sports Health Insurance, Sports Accident Insurance and Healthcare Trusts for both individuals and groups. It can act as a supplement to your organizations general liability insurance policy and your participants liability insurance. Today, the majority of teams from the four major North American sports leagues are PFS clients, in addition to thousands of individual athletes, coaches and team executives. We arrange bespoke one to one insurance service with 24 hour care that ensures you are looked after. Professional Sport means the practice of sport in the nature of gainful employment or remunerated service, irrespective . Monthly benefits can be selected to any level which is economically justified. Most insurance policies require various insurance companies to share the risk. Also included are benefits for loss of limbs or faculties under a dismemberment schedule. Every weekend, fans flock in their thousands to stadiums to watch their favorite team play, whether it be . Background checks should be conducted on all employees and volunteers handling money. Quotes from leading insurance carriers including: ACE, Acuity, AIG, Allstate, Copyright 2023 GeneralLiabilityInsure.com, All Rights Reserved. 150 N Riverside Plaza, 17th Floor, Chicago, IL 60606. $78 / mo For age 45 years with a trip cost of $250. Professional Sports Insurance GET SPORTS COVER TODAY 0800 980 4601 SOCIAL facebook twitter linkedin SPORTS INSURANCE 4 U Sales Enquiries 0800 980 4601 sales@generalandmedical.com Existing Clients 0800 970 9442 info@generalandmedical.com SPORTS PRODUCTS Sports Health Insurance Sports Healthcare Trusts HealthcareConnect Compare Sports Insurances >> Due to its in-depth knowledge of sports insurance in Canada and of the context and challenges with which amateur and professional sports organizations have to cope, BFL CANADA has become an authority in the field and now represents millions of athletes across Canada. For example, its not uncommon forprofessional athletesto purchase cars or even homes for family members. 7941 Professional Sports Clubs and Promoters, 9178 Athletic Sports or Park: Noncontact Sports, 9179 Athletic Sports or Park: Contact Sports. At BFL CANADA, we help our clients get peace of mind. Worldwide Sports Insurance is a trading name of Professional Services Corporation Pty Ltd . Property exposure consists of buildings or personal property owned by the club or for which it has assumed responsibility. It is the German Bundesliga, however, which boasts the highest average per game attendance of the biggest European soccer leagues. Professional sports disability insurance is an accident and sickness policy purchased to insure for the financial loss suffered when an individual is unable to participate in his or her occupation as a professional sportsman, on a temporary or permanent basis. Provide your name, email, and address. Professional athletes who play individual sports such as golf or tennis must pay for their own insurance. Our employee benefitsspecialists can help assess your organization's needs and develop a tailored health, wellness and retirement plan that addresses them. Any professional athlete who experiences injuries after sports is eligible for this insurance scheme. Help our clients get peace of mind and advise you on the best options in this area Hampshire 6DX! Determine if they need personal umbrella insuranceto protect them from a lawsuit coverage becomes a different,! Due to a variety of sports, including: Running a professional sports teams need insurance to protect themselves financial... Sound systems, and space bar key commands tailor-made Solutions adapted to your reality at sports insurance Solutions customizes programs... The commercial insurance content available on this page is for informational purposes only not. 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