Football Insurance Anatomised - By: Lockton sports

Football insurance, and all types of sports insurance, is designed to provide cover for a wide ranging group of beneficiaries. Anyone whose income is tied up in some way with a sporting team or a sporting activity can be covered by sporting insurance – indeed, it can often be the case that policies drawn up by non sporting insurance providers are actually insufficient to cover these people properly. Possessing sporting cover is the only way to be 100% positive that your financial interests will be looked after in the event of a claim situation.

So what kinds of person, or organisation, can be defined as requiring football insurance or sports insurance? Here’s the basic equation - is your ability to earn money affected by the performance of a sport, or by your connection with or participation in that sport? If the answer to that question is yes, then you or your company are definitely eligible to hold sporting cover.

The most obvious beneficiaries of a football insurance policy are footballers. Professional footballers can earn a lot of money, which puts them into a high risk category in terms of home and contents insurance. A football insurance policy can be drawn up to guarantee payment in the event of a targeted burglary, taking place (for example) when a footballer is known to be abroad playing in a match.

Sports insurance cover also pays out for things like injury and injury treatment. While a full time professional footballer may not have much need of payments to cover injury (he is likely, after all, to be paid by his club if he is on the books, and the club will defray the cost of all treatment); a semi professional player or an amateur player can find that the costs associated with injury are preventive in the extreme. A football insurance policy can ensure that players whose injuries are preventing them from going and doing a day job, or from playing and being paid, are covered until they are well enough to work again.

Sports insurance is all about circumstances – and getting the best deal in individual situations. Think about companies that rely for their income on contracts with big football clubs. In the last five years, liquidation has become a genuine issue for large scale clubs – and consequently an issue for the companies that provide their hospitality; or their groundwork; or who make their replica kits. Football insurance can be drafted to cover any company that relies for its income on the performance or solvency of a club.

In many cases, sports insurance is an option that can cover angles or eventualities that a normal insurance policy may miss out. The very nature of sport, its uncertainty and its fluidity, makes it a risky business – and that means that individuals and companies who aren’t covered accordingly can face some unfortunate shocks when they need to claim. Make sure you aren’t one.

About the Author

Locton sports gives you the sports insurance policy which will protect players, managers, coaches and agents as o whole, against loss of earnings through changed circumstances and other unfortunate situations.

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