Here’s What MMA Fighters Should Know About Getting Insured
Whether you enjoy mixed martial arts (MMA) as a hobby or fight semi-professionally, insurance is probably the last thing on your mind when you make it to the gym. You’re more focused on improving your skills and enjoying a productive training session. However, it is important for fighters to consider the potential financial implications of their hobby or career.
MMA is a particularly brutal form of fighting, as it allows for kicking and punching without boxing gloves. Anyone who participates in the sport could end up seriously hurt as a result of training or as a consequence of an arranged fight. Informing yourself about your insurance options as early on as possible is the best decision you could make to protect yourself and your family from the financial consequences of an injury.
Liability insurance can protect you from your successes
Whenever you intentionally cause bodily harm to another person, liability should be a serious concern. When it comes to MMA, fights usually have their own liability insurance. The venue, as well as the organizers and promoters, will have liability insurance that protects everyone at the event.
However, it may also be wise to look into securing an individual liability policy as well. That policy would protect you from any potential personal lawsuits or similar liability claims that could impact you if you end up causing severe injury or disability to the other person in a match. The coverage will also apply to injuries that result from training, rather than an arranged, public fight.
Health insurance to support you
You also incur substantial risk to yourself every time you step into the ring or go to the training gym. You could pull a muscle, which could keep you from work if you have a relatively physical job. You could also have severe injuries as the result of a fight, such as a brain injury, which could cause massive medical bills for you and your family. Obviously, having a solid medical policy is of utmost importance. You need to know that your medical expenses will have adequate coverage if you wind up hurt. Adequate health insurance helps ensure you get the right care after an MMA-related injury.
Life insurance for peace of mind
While it may seem morbid, you may also want to consider life insurance. Depending on your weight class, you may have to pay a slightly higher premium than other individuals your same age. Fighters with a lot of muscle often have higher BMI, which is your body mass index. Life insurance companies use that index as a means of pricing their coverage. The higher your BMI, the higher your annual premium becomes. In the event that the unthinkable happens, a life insurance policy will cover the cost of a funeral, while also helping your family recoup lost wages. Minimizing the potential financial fallout for your family in the event of a worst-case scenario is the responsible thing to do.
MMA is dangerous, but that doesn’t mean it has to be risky for you personally. Getting the right insurance coverage can protect you financially and help ensure you get the treatment or support you need after a fight. It can also protect your loved ones and your financial future from devastation is something terrible happens.