Ben Berger over at Footiebusiness.com links to a Hartford Courant blog post on insurance and the World Cup. It is an interesting topic, which underscores the business aspects of sports. Here’s what Ben had to say:
According to this piece from the Hartford Courant, the World Cup is insured for just under $9 Billion Dollars. The insurance covers things like property damage and liability coverage. The coverage will likely include everything from a stadium collapse to insuries suffered by an errant ball into the crowd. Contingencies for events that cause a lost of broadcast revenue, destruction of property and other items are also likely included. Given the concerns about South Africa (made real by the recent injuries suffered in a stampede at a Friendly venue), premiums are likely significantly higher than they would be in a European venue.
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