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Former cornerback, Decory Bryant’s $400,00 settlement with University of Georgia athletic association finally comes after his career ended in 2003 with a neck injury. An Athens-Clarke judge dismissed the lawsuit that claimed the association failed to secure Bryant a $500,00 athlete disability insurance policy that would have paid him in the event he suffered a career-ending injury.
Ed Tolley, the athletic association attorney, noted that the settlement was a sign that the “athletic association had committed to helping Bryant all along”.
However, Bryant claimed that an official of the school failed to complete the paperwork for the $500,00 policy.
Source:
http://www.insurancejournal.com/news/southeast/2010/02/26/107703.htm
I came across an excellent article, entitled Insurance: Expecting The Unexpected , on the sports insurance and risk management considerations of hosting a sporting event such as marathon, triathlon, or walking event. The article is presented in a way that is easy for the layperson to understand and includes plenty of real life injury examples.
The insurance coverages discussed include Accident, General Liability, Workers’ Compensation, Equipment, Business Auto, and Event Cancellation and Weather insurance.
The risk management techniques discussed include participant waiver/release forms, collecting certificates of insurance from vendors, first aid stations, EMT, and review of contracts.
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