The World Cup and Insurance

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. 

Follow Footiebusiness for more coverage of the World Cup.  Also, check out the Footiebusiness survey on the World Cup.

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