Whether you're hosting a small-scale local rugby tournament or organising a multi-day event at an athletics stadium, you face many of the same risks and potential claims. With sports event insurance, the policy can be tailored to meet the event's specific needs. If you have an upcoming sporting event you want to protect, learn more about this specialist insurance cover by reading through these commonly asked questions.
What coverage is offered with sports event insurance?
The core coverage within sports event insurance is:
- Public liability - which protects you should a member of the public injure themselves at the sporting event or incur damage to their property. Should a spectator fall on a broken step in a stadium or rip their favourite jacket on a cracked chair, you could be liable to compensate them.
- Employers' liability - a cover that is currently a legal obligation in the UK if you employ staff. So, if you pay anyone to work at your sporting event, your policy must include this cover. Even if you're only hiring agency staff for a day or paying friends to work for you, you still must hold a minimum of £5 million of employers' liability cover.
- Cancellation cover - having to cancel your sporting event, for example, due to an issue with the venue, could result in significant financial losses. Especially if you're running a ticketed event, this cover will safeguard your finances - whatever happens.
- Equipment cover - whether you own the equipment being used or have hired it in, you want to feel assured that should they become damaged during the event, you'll be able to repair or replace them. Equipment cover protects all your sporting gear from accidental damage.
In addition to these covers, you can also ask about property, personal accident, and cyber insurance covers to help fully protect your individual event.