Just as the World Cup kicks off, it’s sobering to think that the World’s biggest sporting event requires a huge amount of insurance cover. Everything from natural disasters and terrorism to player injuries and household damage, there are a huge amount of eventualities must be insured for, which means that there is a multi billion pound risk industry that surrounds the World Cup.
Here are some example 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
Watch this video to learn more fascinating facts about the World Cup insurance industry.
The new ball is not the only thing that will cause controversy in the World Cup according to a leading sports engineer, who believes the low air density in South Africa’s high-altitude stadia will result in a tournament of high-speed shots.
The stampede and resulting injuries amongst soccer fans at an exhibition match between Nigeria and North Korea prompted football authorities to put some better security measures in place for the games in the upcoming World Cup. At least 14 people, including one police officer, were injured in the crush trying to get through the stadium gates at Makhulong on Sunday.
Convicted football hooligans must hand over their passports this week in order to prevent them from attending the South Africa World Cup.