SPORTS & EVENTS


Marsh’s Sports & Events Practice is a global leader in providing risk consulting and risk transfer solutions to organizations in this industry. We serve clients across all sectors of this dynamic industry, from professional sports teams, stadiums, and amusement parks to fitness companies, bowling centers, and sporting goods manufacturers.

Sports & Events

Organizations in the sports and events industry are facing more risk challenges than ever before, for a variety of reasons: First, the very nature of the products, services and events involved; second, the continuing impact of the global financial marketplace; third, the combination of various emerging exposures and the increase in risk resulting from traditional exposures; and finally, the increase in the regulatory environment.

Marsh's solutions help clients to meet these challenges. Several factors distinguish Marsh:

Industry Focus

Marsh is the leader in sports industry risk management with a practice solely dedicated to the sports sector. Our industry focus is allowing us to gather and share the latest market intelligence, benchmarking and best practices and drive better results through our industry insights.

Bench Strength and Depth of Resources

Two hundred colleagues are involved in the servicing of our sports clients, including a core team of 50 sports experts — brokers, placement specialists and claim and risk consultants. All our professionals are experienced in dealing with complex sports exposure—from risk identification to risk assessment and risk mitigation.

Understanding the risk issues of our clients' businesses is essential to our ability to provide services and solutions that meet their needs. Our dedicated sports industry colleagues provide exceptional transaction capabilities and innovative solutions and have a rare and distinctive depth of knowledge not only of the insurance marketplace but also of the specific risk issues faced by our clients. Through the lens of our industry specialists we are able to focus on the trends and risk issues specific to our clients' needs.

Unique Business Model

Marsh can effectively deploy its best industry colleagues, regardless of where the experts are physically located. We differentiate ourselves by having a local servicing team supported by national and global industry resources — giving our clients the best of all worlds.

Benchmarking Capabilities and Analytic Tools

Sports organizations are making greater use of benchmarking information to support decision-making around program structure, retentions, limits and price. Marsh has developed a number of powerful applications that incorporate renewal statistics from hundreds of companies. Benchmarking is also valuable in renewal strategy discussions and negotiations with the markets.

Risk Consulting Services

Our ability to provide solutions to our clients' needs, many of which surround brand/reputational risk, clearly differentiates us from our competition and allows us to provide our clients with a significant competitive advantage. Marsh has provided clients in the sports and events industry supply chain management, product recall, crisis management, emergency response planning, business continuity, forensic accounting, claim inventory workout and modeling design. These solutions allow us to discuss with our clients risk from a strategic, operational, hazard and financial perspective.

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The Thrill of Risk
June 03, 2014  |  Views: 2273 |  Comments: 0 
The Thrill of Risk
Robert Murphy quoted in Risk & Insurance.  >>
Head-Injury Settlement Could Have Broad Implications
October 24, 2013  |  Views: 13199 |  Comments: 0 
Head-Injury Settlement Could Have Broad Implications
A broad expansion of head-injury litigation to other sports and other parties could involve millions of potential claimants.  >>
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Promotional Risk Management: Customized Insurance Solutions
Views: 20030 |  Comments: 0 
Promotional Risk Management: Customized Insurance Solutions
Marsh provides unparalleled expertise and experience in promotional risk management to help clients manage the risks associated with marketing promotions.  >>
Cancellation of Events
Views: 17609 |  Comments: 0 
Cancellation of Events
Events held off corporate premises are not generally covered by business interruption insurance. A cancellation of event policy provides coverage for net incurred expenses only, or...  >>
Contract Cancellation (Disability)
Views: 17159 |  Comments: 0 
Contract Cancellation (Disability)
Insurance to protect the death and disability exposures of the non-guaranteed portions of a player's contract with a team or sponsor. If death or disability prevents completion of ...  >>
Incentive Bonus
Views: 20945 |  Comments: 0 
Incentive Bonus
Incentive provisions are common in sponsorship or endorsement contracts with professional athletes; if the athlete achieves certain goals in his/her sport, the sponsor/endorser is ...  >>
Loss of Income
Views: 17180 |  Comments: 0 
Loss of Income
This insurance is designed to protect management companies' financial interest in an athlete/client against financial loss due to death or disability. Frequently, a sponsor, promot...  >>
Non-Appearance
Views: 17288 |  Comments: 0 
Non-Appearance
Events that rely on the appearance of a single individual or group are subject to cancellation and lost expenses and/or revenue if that person or persons are unable to appear for r...  >>
On-Site Loss Prevention and Claims Service
Views: 17856 |  Comments: 0 
On-Site Loss Prevention and Claims Service
Our on-site prevention and claims service program can reduce the frequency of spectator claims and mitigate the severity of those claims that are presented.  >>
Over-Redemption
Views: 17193 |  Comments: 0 
Over-Redemption
Over redemption insurance provides a limit of liability selected by the insured, above an agreed redemption estimate.   >>
Participant Liability
Views: 18144 |  Comments: 0 
Participant Liability
Participant liability insurance protects against responsibility for injury or property damage sustained by players, coaches, officials, or other participants in an activity.  >>
Prize Indemnity
Views: 17434 |  Comments: 0 
Prize Indemnity
Games of chance where a prize can be awarded to a winner are commonly insured on a Prize Indemnity form. The policy "pays on behalf of" the Named Insured if an eligible individual...  >>
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April 27, 2011  |  Views: 7911
First-Quarter Insurance Rate Increases Confined to Loss-Affected Exposures: Marsh
Global Insurance Markets Under Pressure as Atlantic Hurricane Season Approaches Despite record level first-quarter catastrophe losses, insurance rate increases were confined to lo...  >>

Contacts
Robert Murphy
Global Sports & Events Practice Leader
Philadelphia PA United States
215 246 1470
robert.e.murphy@marsh.com