Andrey Gerasimov

Types of Sports Insurance

When it comes to sport, there are several kinds of insurance, but only five are regarded as significant.

Accident Insurance

This is specialized insurance that mitigates against any form of injuries, trauma, pains, and health complication in any sporting event for players, coaches, and staff.

General Liability Insurance

This kind of insurance covers a broader area in sport, including mistakes arising from home accidents and other minor health complications. The general insurance policy compensates for harm to any sportsman or athletes as well as supporters who suffer from any error of sports councils.

Authority’s Liability Insurance

This type of insurance encompasses the business aspect of the sports organization. It covers and cushions the effect of failed business deals and player disputes.

Sports Equipment Insurance

It is common knowledge that some training equipment in sport is costly. Therefore, this insurance policy covers the loss and theft of these training properties.

Sports Travel Insurance

Although it is hard for athletes, especially football players, to buy this type of insurance because the tram moves collectively. This insurance plan secures athletes against failed trips, accidents, and loss of properties.

Sports insurance which is also known as event insurance is a special type of insurance coverage for the sports offered by insurance providers. Accidents, lawsuits and damages caused by or during a sporting event is financially covered under the Sport Insurance

Sports insurance which is also known as event insurance is a special type of insurance coverage for the sports offered by insurance providers. Accidents, lawsuits and damages caused by or during a sporting event is financially covered under the Sport Insurance

Insurtech is a term that describes a broad range of technologies used in the insurance field. Just like fintech once revolutionized banking, insurtech is changing the game for insurance. Powered by the latest tech such as AI, machine learning, blockchain, and IoT, insurance is bringing innovative insurance products to the market.