| || |
05-09-2011, 09:40 AM
Join Date: Jul 2009
Location: RH's Ear
| | Zuffa set to offer fighters accident insurance
| Zuffa set to offer fighters accident insurance |
By Kevin Iole, Yahoo! Sports
The Ultimate Fighting Championship provides a $100,000 insurance policy on each fighter during one of its cards to cover any injuries the athlete sustains in a match. Most state athletic commissions require $50,000 worth of coverage and some require as low as $25,000 per athlete.
But the worst-case scenario for a mixed martial arts fighter is to suffer an injury days before a fight that requires him or her to pull out of a scheduled bout. That means no paycheck, as well as a stack of medical bills, because the event insurance only covered injuries suffered during a match. As independent contractors, the fighters are only paid if they compete and, until now, the UFC has not been responsible for paying for out-of-competition injuries.
Zuffa LLC, the company that owns both UFC and Strikeforce, is taking steps to erase that problem. Lorenzo Fertitta, the UFC’s chairman and chief executive officer, said the company plans to offer accident insurance that will cover approximately 350 athletes in the event of out-of-competition injury, effective June 1.
MMA fighters and boxers are not employees. They are independent contractors and thus aren’t eligible for things like health-care coverage.
But injuries to fighters, either in the cage or during training, can be disastrous. That’s why Fertitta said he and UFC president Dana White began looking into the potential of offering the fighters accident insurance nearly three years ago.
Zuffa will pay 100 percent of the premiums, Fertitta said, and will have a full-time employee who will coordinate the claims process.
Rest of the article here: Zuffa set to offer fighters accident insurance | Yahoo! Sports
This is a good thing IMO. Should help ease some of the stress on the fighters.
05-09-2011, 11:18 AM
Status: This is Real Wrassling!!
Join Date: Feb 2009
A step in the right direction.
FAVOURITE FIGHTERS:Shogun,GSP,JDS,BJ Penn,Fedor,Rampage,Hendo,Wandy,Sonnen,Frankie Edgar,Nick Diaz,Carlos Condit,Rory Mac,Mousasi,Cerrone,Rumble&Big Country.LEAST FAVOURTE:Anderson,Bisping,Rashad,Mir,Maynard,Shiel ds&Melendez.
| || |
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests) |
All times are GMT -7. The time now is 06:10 AM.
Quick Member Login
Top 5 Latest Threads
Latest MMA News