Sports Insurance

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Sports Insurance

Sports Professionals

Broken Ankle/Leg

Sports Professionals are particulalry susceptible to career ending injuries and depending on the age of the individual concerned this may result in serious financial difficulty.

Sports Professionals should make provision for career ending injuries by arranging a Personal Accident Policy to ensure their financial security should their worse fears come true.

If you are interested in obtaining a bespoke quotation please download and complete the Pro Sports Proposal Form below and then forward to our specialist sports insurance division. Should you need assistance or have any queries then please contact John Batty - Broking Director on 0161 833 2100 or email john@caunceohara.co.uk.

Pro Sports Porposal Form

Professional Sports Clubs

Your players are one of your biggest assets. Unfortunately they can also be your biggest liability.

A freak accident could instantly end a players career. Long term injuries, off the pitch incidents, lengthy bans can all be a drain on your wage bill and that's before you have to pay for a replacement.

These days a club's wage bill can account for up to 50% of its annual turnover, so losing a player indefinitely would seriously hamper any
club's finances.

Caunce O'Hara has developed a catastrophic insurance policy to protect clubs financially when things go wrong.

Caunce O'Hara will work closely with you to tailor a policy that suits your individual needs. For added peace of mind our policy offers 24 Hour cover for players whether on the pitch or off it.

The cost of the policy is 2% of the gross sum insured per individual player or we can offer a loyalty discount for player pool cover. You can build up your no claims bonus and save up to 25% on your future premiums. So the next time the unthinkable happens Caunce O'Hara will help ensure it doesn't effect the stability of your club.

If you are interested in obtaining a bespoke quotation then please contact John Batty - Broking Director on 0161 833 2100 or email john@caunceohara.co.uk.

Club Stadia

Most standard Commercial Combined policies are not sufficient to pick up all the risks associated with Club Stadia. Caunce O'Hara has specific expertise in this area to arrange covers for Premier League Football Club Stadia all the way through to clubhouses for amateur sports clubs.

Our Policies can include cover for the following items not normally included under a standard policy:

Floodlights
Malicious Damage to Pitches
Cups and Trophies
Playing Kit anywhere in the world
Electronic Scoreboards
Goalposts
Groundsmans Equipment
Bar Stocks
Gaming Machines
Large Cash Limits
Loss of Licence

Sports Negligence Liability

In this ever increasingly litigious Society it is essential for all sportsmen and women to carry bespoke liability insurance for their chosen sport. Caunce O'Hara has many years of expertise in this area and can offer facilities for Professional Sports Clubs right through to every amateur sport you can think of.

Contractual Bonus Insurance

With sports sponsorship spending running into billions of pounds, it is no wonder that both the Sponsors and Owners of professional teams and individuals are constantly looking for better results which, in turn, allows those teams or individuals to seek better contract payment terms.

Contracts between the team or individual and the team owner or sponsor are often bonus-related, making them difficult to budget with any great accuracy. The sums of money involved across all types of sport can be daunting, even for the largest of sponsors or clubs - bonuses of millions of pounds per player are common at the highest level.

What is Contractual Bonus insurance?

Contractual bonus insurance can be arranged to cover bonuses paid to a professional team or individual should the individual or team meet pre-determined win or placing objectives. Cover enables a sponsor or owner to set the budget for the payment of bonuses, rather than having a large potential liability on the balance sheet. By setting the costs of a bonus, higher bonuses can be offered along with more attractive contracts, thus potentially attracting better class athletes.

The insurance is tailored to the bonus contract and can be arranged to cover different levels of success. The most common placements are for winning a competition, but cover can also include:

Being promoted to a higher league
Qualification for an International competition
Winning or being placed in major competitions

As this is a policy of indemnity, the insured person or company must be contractually liable to pay the bonuses.

Spectators Prize Indemnity

Sponsors of various sports events now look to audience participation to increase brand awareness. It is becoming commonplace for halftime intervals to be used to maintain the crowd's interest by running various promotions. Similarly, events and companies may wish to attract people to attend through a competition with a prestigious prize being offered, increasing awareness of an event and its sponsor, especially when the prize is won.

Cover can be arranged to indemnify the organiser or sponsor for their cost of awarding a prize during such a promotion. The number and types of competitions that can be covered are limited only by one's imagination but examples are:

A spectator kicking a football through a hole in a board covering the goal, or a penalty shoot-out competition against another spectator
100 yard Throw – hit a single cricket stump to win a car
Kick for a Million – A participant scoring a progressive sequence of three conversions from different positions on a Rugby pitch
Scoring a basket from the halfway line on a basketball court