Spring, Sports and Insurance

Toronto, ON (May 5, 2014) – The winter this year has been a long one, and cold. Now that Spring is here – or seems to be, some days – many Canadians who may not have not been involved in outdoor sports during the winter start to become more active.

The Spring season is noted for baseball, of course, but soccer (‘football’) continues to grow in popularity. The media attention to the major sports tend to keep a myriad of others in the shadows – think about tennis, golf, cricket, lawn-bowling, ultimate Frisbee, and many more.

Whether these are played individually or informally, or in a more organized and competitive fashion, they are a great way to keep active and improve one’s overall health. And they provide a good break from the hustle of work or school.

Regardless of the level of skill or age of the participants, there is always a risk of an accident or injury. Usually these affect participants, but on occasion an observer may suffer injury as well. In Canada, the provincial health insurance plans will in most cases cover any basic medical attention that is required.

Medical diagnosis and treatment have improved dramatically over the last few decades, and these improvements seem poised to continue. They have proved of great benefit to many who have experienced a better and possibly more thorough recovery than would have been previously possible.

These improvements in such specialty areas as sports medicine do come at a greater cost, one which may not be borne by the universal healthcare system. Whether as casual or as extremely active and competitive participants, it is wise to at least consider athletes’ health insurance. Seek out the advice of an insurance specialist to see if the risk faced warrants insurance against some of the potential losses.

As the level of organized competition, whether as individuals or as teams, increases, there are a growing number of potential requirements and concerns beyond health and injury risks. There are several, but a significant area concerns various liabilities with respect to equipment, facilities, venues, and travel. As they increase, insurance as a financial backstop in case of an accident or injury becomes that much more important, and in some cases is mandated by some of the parties involved.

In short, be smart, be safe and be insured – step up to the plate and call on your insurance advisor to help assess the need.

By Doug Grant, CIP