Injuries are an occupational hazard when it comes to sport, so ensuring you’ve got suitable insurance cover is extremely important.
While most professional teams or governing bodies provide their athletes with insurance, amateur sports people are often left to their own devices.
If you’re the person playing the sport you need adequate cover such as Personal Accident, which includes cover for broken bones and physiotherapy, and Loss of Earnings, which provides compensation if you injure yourself doing the activity and are unable to work for a period of time.
There’s also the possibility that your equipment is lost, stolen, or damaged, which is where Equipment Cover can help.
If you’re a footballer or a basketball player you may injure another player and they could take legal action against you.
That’s where Public Liability comes in handy, helping you recoup any potential legal fees. While using Colossus Bets Bonus Code 2018 offers can be a great way to give you additional cash to play with, having suitable insurance cover is also crucial if you’re playing sport.
Teams also need to take out insurance cover. Whether you’re playing in a game or just training, every team member is at risk of injury so each member of the squad should be insured.
If your team plays away from home, the chances of equipment getting lost, stolen, or left behind is increased so Equipment Cover is even more vital.
Team insurance generally covers Loss of Earnings, Personal Accident, Public Liability and Professional Indemnity Cover, protecting you from the worst-case scenario you may encounter.
Coaches also need to cover themselves, particularly as there’s always the risk of injury to players, as well as damage, loss or theft of equipment.
A team member may injure themselves during a training session and claim compensation from you, but take out Public Liability insurance and you would be covered for legal costs if such an instance occurs.
You could even injure yourself while coaching a session, meaning you aren’t able to work until you’ve recovered.
Personal Accident Cover will reimburse physio costs should you require treatment for injury. Loss of Earnings Cover will also provide you with the funds you need while you’re out of action through injury.
Many insurers split sports into five risk groups – A, B, C, D and E. Group A covers the lowest risk sports such as bowls or water polo. Jump up to Group E and this is where you’ll find the most dangerous sports like rock-climbing.
It’s also possible to take out Multi-Sports Cover, which not only covers you for your main sport but everything else in that same category and those below it – usually at no extra cost.
Everyone is familiar with the most well-known insurances such as car insurance, home insurance or travel insurance, but ensuring you have adequate cover when you’re playing sport should be a major consideration for every athlete.