Sports insurance is not just about protecting professional players against injury - though it is about that too. It is not just about preventing retirement or a sudden change in circumstances from affecting a player's finances - though it is about this, as well. Sporting insurance is about protecting all men and women involved with professional and amateur sports of all types - from loss of earnings, from injury related expenses, from retirement, from the effects of career changes on investment and forecast profits.
One of the most vulnerable groups of sports people are the men and women who play amateur sports. A serious amateur gives almost as much time to his or her discipline as a professional - but he or she does not get paid for doing it. Sports insurance is extremely important to these people, because they have a day job on which they rely to make their money. When you are playing sport with the frequency of a pro, but are using another job to pay your bills, then any injury is both likely and possibly catastrophic. If an injury sustained by an amateur during the course of his or her involvement with a sport, puts him or her out of action for a while, then he or she may suddenly find himself or herself without a pay check - and with a family to feed.
Sports insurance takes up the slack in cases like this. Unlike a regular health insurance policy, which is unlikely to cover an amateur sports person in the event of injury, sports cover specifically protects against loss of earnings, and covers medical bills, where a serious injury occurs.
The amateur sports men and sports women are not the only people who get a lot of benefit from a sporting insurance policy. Managers and promoters are also -at risk-, as far as ordinary insurance and financial protection are concerned. Yet managers and promoters are more likely than most to suffer sudden financial hardship - and through no injury of their own, either. If a promoter suddenly loses his or her star investment through injury, what is he or she supposed to do? Sports insurance ensures that promoters and managers have a safety net to fall back on in case one of their protgs or teams causes a sudden reversal in their fortunes.
Professional players of high profile sports have particular risks associated with their jobs and life styles that no regular insurance company is going to touch. Any professional sports man or sports women with a known address are extremely likely to be burgled whenever he or she leaves the country on sporting business. Thieves know both that the house is empty and that it will be full of valuable things. A Sports insurance policy can actually provide bespoke cover for this eventuality - as well as cover for any inconvenience or even trauma suffered by relatives and family in the event of a break in.
There is a lot more to sports cover than you might think. If you are in the game, any game, in any way, you could be very well protected indeed.