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World Cup Insurance

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World Cup Insurance

29th June 2010

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As World Cup madness descends upon us, it is easy to forget all the things that can go wrong.

From natural disasters and terrorism to player injuries and household damage, there are a huge amount of eventualities which must be insured for.

In this exclusive web video, CII insurance expert Scot Grimmer gives a rare insight into the multi £billion risk industry that surrounds the World Cup.

World Cup Risk Factors:

* FIFA alone has purchased $650 million in insurance for total cancellation of the World Cup 2010

* 22% have seen friends or family spill food or drink while watching sport on TV - Indian food caused the worst stains, leading insurers to urge football fans not to get 'curried away'.
   
* A footballer at the peak of his career who is playing for one of their nation's top leagues, could be covered by approximately £50 million worth of insurance
   
* David Beckham has taken out the biggest personal insurance policy in sporting history at £100 million
   
* In 2006, Paul Hucker from Ipswich took out insurance against ‘football trauma’ so that he would be compensated with £1m in damages if England were knocked out early of the World Cup

For further information go to http://www.discoverrisk.co.uk/

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