Sports and insurance can not be separated because of the accidents involved in sports. The accidents may vary from degree to degree according to the type of sport, but there’s no doubt a sports event needs sports insurance protection against such accidents. 

Read along to find out everything you need to know about sports insurance.

Definition of sports insurance

Sports insurance is a type of insurance policy bought by a sports event or league to offer protection against any emergency that may arise as a result of sporting activity

Although individuals handling the sporting events may have their own personal insurance, it is advised that any sporting event as a legal entity on its own should be insured.

Types of sports insurance

There are different types of sports insurance cover, it is advised to buy all to ensure that your sporting events are fully protected against any emergencies. Some types of sports insurance include:

  • Accident insurance
  • Equipment insurance
  • Crime insurance
  • Directors and officers insurance
  • General liability insurance

Accident insurance: This type of insurance offers coverage when the participants or a nonplayer (spectator, volunteer, vendor, etc) of the sporting activity gets injured from an accident that happened during an event.

Accident insurance makes sure of the treatment for the injured person(s) which may reduce the probability of the injured taking any legal action as a result of the injury.

Some insurance companies offer coverage for only participants, only spectators or only organizers and staff be sure to choose the one that’s best for your event and the one that you can afford.

Equipment insurance: This type of insurance offers coverage for the loss of equipment (benches, uniforms, sports equipment, etc) of your organization during the event as a result of natural disaster, theft or vandalism.

Some insurers also offer options of auto insurance, property insurance, or compensation for workers.

Sports insurance : equipment

Crime insurance: crime insurance covers the loss of funds as a result of embezzlement by employees or volunteers or as a result of theft from a non-member of staff.

Directors and staff insurance: This type of insurance protects sports organizations from lawsuits filed against their organization for financial loss or economic injury they incurred or violating their right according to federal law as a result of mismanagement of the sporting event’s organizers.

The insurer takes care of settling the complainant in or out of court, and even if the organization is found innocent, the insurer pays for defense lawyer fees.

General liability insurance: This type of insurance offers coverage for when a spectator or a participant claims to have gotten injured or damaged his property as a result of the negligence of the sports event’s organizers.

This insurance should include the directors, staff, and volunteers. This insurance pays for in and out-of-court settlements if found guilty and for the defense lawyer’s fee. 

Advantages of sports insurance

The most important advantage of sports insurance is that it reduces the effect of financial loss in a sports event on the event organization, league, or team. The advantages cannot be overemphasized as even the richest team can run into bankruptcy from a single legal battle, thereby making a lot of individuals who depend on the team to earn their income.

Another advantage is that it ensures the event’s participants if injured, can be treated well whether they have their own personal health insurance or not.


It is important to have sports insurance as a team, a league, or as a sports event organizer. 

To save money and avoid being overcharged,  here are some money-saving tips.

  • Buy your policy as a bundle. Insurers offer discounts when you buy policies for different coverage together. For instance, you can buy both accident and equipment insurance from the same company as one.
  • Buy as a group. Find other events that have the same interest as you to form a cooperative buy policy at a reduced rate. These cooperatives are known as risk-purchasing groups.
  • Buy policies from sports insurance experts. An average insurance broker can only understand a few niches. But when you buy from a sports insurance broker, he would be able to advise you on the best option that is good for your event.