May 19, 2022
How To Get The Most Out Of Your Non-Profit Summer Camp Budget
You had many reasons why you decided to run a non-profit summer camp or sports camp. Your own summer camp memories probably top the list. But now, as an adult,…
SPORTS INSURANCE SPECIALISTS
May 25, 2022
Protecting your organization from risk is a daunting task, especially when sports are involved. Unexpected accidents don’t just cause physical damage to student-athletes—they can also take a financial toll on the student-athletes, their families, and the program.
Fortunately, risk management and insurance together can make your school sports program safer for your student-athletes and less vulnerable to financial risk. A-G Administrators explains how.
Although injuries are unexpected, careful research and planning can reduce their impact or help eliminate the risk. The NFL’s No Running Start Rule is a prominent example of this.
Now players on the kicking team have to line up within one yard of the restraining line, eliminating the running start. On the receiving team, players cannot cross the restraining line until the ball hits the ground or is secured by the returner. The NFL reported that this change drastically lowered dangerous player collisions and resulted in a 38% reduction in kickoff concussions in 2018 after it was first implemented.
This reduced chance of injuries keeps players healthier and also means reduced insurance claims and medical expenses for the program. It’s a win-win all around.
Your organization can also benefit from risk management and insurance working together to reduce the chance of injury and claims through these 5 ways:
first Annual College Sports Medical Expense and Insurance Study
The most important way to reduce injury risk and costs is to reduce the chance of injuries happening.
There are three types of sports injuries:
Many of these injuries can be prevented or the risk reduced by proper training and practices such as:
Making sure that equipment and facilities are in top shape is the next major sports risk management focus.
Knowing the answers to questions like these reduces injury risk and increases player—and even spectator—safety. Correcting and removing hazards can also lessen your organization’s liability risk.
The NCAA places good sportsmanship first on its list of ways to prevent catastrophic injury and death in college athletes. When you consider that good sportsmanship stresses playing fairly, following the rules, and avoiding arguing, it’s understandable how it reduces or eliminates many of the risk factors that could lead to injury during a game. And while instilling good sportsmanship into your organization’s philosophy and methodology can help ensure safer play, it can also build your reputation in the league.
Risk management in sports should be seen as a team sport—it shouldn’t be only one person or department’s responsibility. Working with the right partners is essential.
From athletic trainers and coaches to operations and finances, representatives from all aspects of the athletic program and school should be involved in risk oversight. Another important partner is your insurance company, which comes next on the list as #5.
At A-G, we know that having the right sports accident insurance coverage plays a critical role in implementing a risk management program. That’s why, first and foremost, we start by providing coverage that helps with your injured student-athlete’s medical expenses.
How sports accident insurance works: When a student-athlete is injured, their primary health coverage is billed first for treatment costs. However, recent A-G claims data shows that primary insurance only covers about 63% of the cost. This can cause a difficult financial situation, leaving the rest of the expenses to be covered by the institution or by its participant accident insurance plan like the ones through A-G. Not only does A-G’s sports accident insurance handle those leftover expenses, but it also helps lower claims costs by working with a large nationwide provider network.
A-G can also help you manage your injury risk through cutting-edge technology and partnerships:
Since 1983, A-G has been protecting student-athletes and athletic organizations from the financial risk of accidents. Today, thousands of K-12 schools, universities and colleges, camps, events, and governing bodies trust us with their accident insurance and risk management.
Ready to learn more about how we can help you with your sports insurance needs and reduce your financial risk? Request a quote today. We look forward to talking with you soon.
May 19, 2022
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