Exercise fever has increased in recent years. The latest survey on sports habits in US, indicated that more than 50.0% of people do sports do so with great intensity, that is, at least once a week. In addition, the study explains that the most practiced sports are swimming, with 22.4% fans, cycling, with 19.8% and basketball, with 17.9%. One of the modalities that has become a gap between the population is running. Running has caused more popular races to be created. In addition, sports tournaments have proliferated, as have other events such as triathlons. This change in the way of exercising has forced insurers to improve sports policies such as those designed to cover sporting events or sports clubs and associations.
Insurance for sporting events
The law establishes that sporting events such as popular races, cyclists’ marches or events that take place on public roads require Civil Responsibility (CR) insurance. This coverage is in charge of protecting the participants from possible damages to third parties and to the organizers of the accidents that may happen during the celebration of the event, which usually lasts between one and three days.
In addition to the coverage of CR, the event must also have an accident insurance, which would be responsible for compensating the participants in case of death, disability and health care if an accident occurred during the sporting event. In principle, this type of insurance is the same as we can earn when we buy essay from a professional essay provider.
If there was an unforeseen event and you could not carry out a popular race or a cyclist, many insurers include in their policies coverage that is responsible for returning the money from the tickets. In addition, as a novelty, some insurance for golf tournaments include the “Hole in One” coverage. In this way, in the event of a Hole in One occurring during the course of the event, the insurer would be responsible for guaranteeing the organizers the payment equivalent to the grand prize offered to the winner who obtains it. The guarantee is normally contracted in tournaments in which the prize amounts to several thousand euros.
Insurance for clubs and sports associations
There are specific insurance for sports clubs and associations for swimming, tennis, triathlon, football and basketball schools or even gyms. At first, federated athletes do not need additional accident insurance, as they are covered by the accident insurance of the federation, but there may be many people in the association who are not federated. Therefore, accident coverage is usually contracted by the club, since it covers health care, rehabilitation, rescue, disability and even death.
On the other hand, civil liability coverage is also included in the event of possible harm to a third party during sports practice. For example, when a soccer player is playing a football game and causes an injury to another. In addition, this coverage also has effectiveness outside of the club’s sports facilities.
In addition, there is another type of coverage such as the absence of a professional athlete in a championship or match, adverse weather conditions that do not allow the realization of a sports tournament or the return of the tickets of an act if it is not finally done. Also it is usually included the Assistance in Trip, if the club moves to other cities during a championship.
Insurance for professional athletes
For a professional athlete, the sports discipline he practices is his way of making a living. For this reason, soccer players like Cristiano Ronaldo or high-level tennis players like Rafa Nadal usually hire combined Life and Accident policies. Thus, if they suffered a loss such as an illness or an injury that did not allow them to return to practice sports in a professional manner, they would receive compensation.