If a soccer player in the World Cup injures himself as some have already done, then who picks up the tab? FIFA has already “set up a trial self-insurance scheme trying to compensate clubs if their players are injured.” In England some clubs have “argued the English Football Association should pay the wages of players who return injured from international duty until they are fit to play for their home teams.”
Currently Lloyds offers two types of insurance for soccer players:
Permanent Total Disablement Cover – this is usually bought by a club to cover the whole team in the event of accidental death or a player’s career ending.
Temporary Disablement Cover - or what's commonly known as Wage Roll Protection - this covers a club in the event of a player being injured and having to find a replacement. Developed by the Lloyd's market, this cover is often bought by clubs for their top players, with the cost of the insurance determined by the player’s age, health, injury record, medical treatment available and the motivation of the player.
To be sure a countries and players reputations are not the only things on the line in this years World Cup.
» 2006 World Cup Scores Big For Know More Media from Know More Media
Know More Media has been having a field day with the 2006 World Cup, now underway in Germany. Many of our writers have slide-tackled the Cup from their particular business viewpoints in a team effort to show our sporting side... [Read More]
Tracked on: June 26, 2006 4:36 AM | Permalink to Trackback