What could possibly go wrong at the World Cup
Posted by admin | Under 2010 World Cup, Football Business Thursday Jun 10, 2010Just as the World Cup kicks off, it’s sobering to think that the World’s biggest sporting event requires a huge amount of insurance cover. Everything from natural disasters and terrorism to player injuries and household damage, there are a huge amount of eventualities must be insured for, which means that there is a multi billion pound risk industry that surrounds the World Cup.
Here are some example World Cup Risk Factors:
FIFA alone has purchased $650 million in insurance for total cancellation of the World Cup 2010
22% have seen friends or family spill food or drink while watching sport on TV – Indian food caused the worst stains, leading insurers to urge football fans not to get “curried away”
A footballer at the peak of his career who is playing for one of their nation’s top leagues, could be covered by approximately £50 million worth of insurance
David Beckham has taken out the biggest personal insurance policy in sporting history at £100 million
In 2006, Paul Hucker from Ipswich took out insurance against ‘football trauma’ so that he would be compensated with £1m in damages if England were knocked out early of the World Cup
Watch this video to learn more fascinating facts about the World Cup insurance industry.
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