Explain the need for
sport/event insurance.
Conduct a risk assessment of an event.
SEM2 3.08
Reasons for obtaining
sport/event insurance.
The act, system, or business of insuring
against loss or harm.
 Sport/Event organizations reduce their risk
of financial losses by purchasing various
forms of insurance.


Comprehensive General Liability Coverage
◦ This type of insurance covers basic liabilities to other
parties for bodily injury or property damage caused
by the insured.

Cross-Liability Coverage
◦ someone who is insured files a claim against another
insured person who has the same policy.

Rider
◦ A provision of an insurance policy that is purchased
separately from the basic policy and that provides
additional benefits at additional cost.
Types of Insurance

Umbrella Policy
◦ This type of liability insurance provides coverage
over a single underlying policy, or several
different underlying policies.
Types of Insurance

Prize Indemnity
◦ Offering a sporting event contest such as a hole
in one, football field goal contest, hockey red
line shot, basketball half court shot, etc.
Types of Insurance
Types of Insurance

Sport-Accident Insurance
◦ Liability insurance covers losses resulting from
accidents and personal injuries.
 Covers injuries to spectators, volunteers, and
employees during the sport/event
Types of Insurance

Event Insurance
◦ provides coverage for event cancellation,
liability, personal injury, property
damage, etc.

Cancellation Insurance
◦ losses resulting from possible catastrophic
conditions. (i.e. – weather, terrorism)
 includes options that cover the costs associated with
refunding money to ticket purchasers, vendors, etc.
Types of Insurance
Risk is the possibility of financial gain or
loss or personal injury.
 When assessing risks associated with an
upcoming event, sport/event
organizations should acquire input from

◦ Management, ticket takers, security guards,
guest relations representatives, and
merchandise sales personnel
Risk Assessment
Select a sport or event of interest to you, and
identify risk factors associated with it.
Determine measures that you would take to
minimize risk.
1.
2.
3.
Develop a multi-column table.
In the first column, identify the risks
associated with the sport/event.
In the second column, reference the
measures that you have selected to
minimize those risks.