Hunton Insurance Recovery Blog

As conference and national tournaments approach for various sports, college athletics are entering a financially volatile stretch of the year. Individual investors and NIL collectives are preparing to make significant investments to build next year’s rosters and secure talent from transfer portals. With those investments, however, comes a substantial risk of loss. The risk of athlete injury looms larger than most. A season‑ending injury can derail not only a team’s performance, but also the financial expectations tied to an injured athlete. That uncertainty can, in turn, discourage future NIL investments. Booster insurance has emerged as a tailored solution to address this exact risk.

NCAA March Madness tournaments are among the most anticipated and exciting events in American sports, drawing millions of viewers and generating significant economic activity. But the massive popularity of the tournaments comes with risks that can affect participants, venues, sponsors, and fans. From injuries to property damage and event-related cancellations, this post explores the potential risks and the insurance products available to mitigate the risks associated with major sporting events, concerts, or festivals.

In today’s unpredictable world, the need for event cancellation insurance has never been more evident. Whether it’s a high-profile concert by a global superstar like Taylor Swift, an international sporting event like the Olympics, or the start of a much-anticipated football season, the potential for disruption looms large. Terrorism threats and extreme weather events due to the broad impacts of climate change contribute to the growing risks faced by event organizers, artists, and venues. Event cancellation insurance offers a critical safety net in the face of some of these uncertainties.

Webinar: Is DEI Dead? What the Supreme Court’s Harvard/UNC Affirmative Action Decisions Mean For DEI Initiatives