Sponsored Post – Every year, injuries sustained on the sports field cost people thousands in loss of earnings, legal expenses and medical bills. The more physical the sport, the more severe the risk of serious injury becomes and, in a few extreme cases every year, people do sadly lose their lives competing in the sports they love.
As more and more people become aware of the health risks of physical activity, sports insurance policies are becoming more commonplace. Sportsmen and women competing regularly in sports like NFL, wrestling and martial arts form a significant part of the rise in awareness of the risks and the need to insure themselves, in case injury strikes.
Competitors in UFC, Thai Boxing and more dangerous pursuits can also take out extreme sports insurance, tailored to cover the increased risks involved in their sports.
The reasons for seeking personal sports insurance are manifold. Personal liability is particularly relevant to combat sports, given the number of potential claims to be made against participants for injuries inflicted in the wrestling ring or on the football field. Players want to be able to express themselves freely in their chosen sport without fear of an expensive accident and, while nobody wishes to see anyone hurt, the feeling of knowing you are covered if the worst happens is liberating.
Income protection is another very wise and valid reason for seeking sports insurance. Many players of dangerous and extreme sports compete in their spare time and rely on being fit to work in order to fund their taking part. Injuries such as leg and arm breakages can leave participants unable to work for lengthy periods – often beyond the length of time covered by their sick pay at work. Sports insurance can provide a vital source of income when injury means a long layoff.
Coaches and managers of teams should be aware of the options available for sports club insurance to protect them when injury hits members of their teams. Public liability insurance is often a requirement of joining certain leagues and sports club insurance can also help with the substantial fees many teams pay for physiotherapy, as well as medical and dental fees.
Sometimes sports injuries have a lasting impact and claims often get raised years after an incident occurred. Another significant benefit of sports insurance is that cover usually applies over a long period, sometimes even after the policy itself has lapsed.
Numerous companies now offer extreme sports insurance, so if you’re concerned about your lack of cover, have a good look at your options. There is most likely a policy out there that will ideally suit your needs.