IPL 2020: Here’s why franchises don’t have insurance cover for Covid-19
IPL 2020, like all other sports, has been denied insurance cover to the franchises, in case of abandonment of matches due to Covid-19 mishappenings.
The thirteenth season of IPL is all set to begin this Saturday. With practice sessions on a surge, the backhand talks of sponsors and broadcasters are also happening simultaneously. Despite there being a lineage of sponsors for this year’s IPL, the insurance companies have denied any cover incase of any Covid-19 mishap.
Under all normal circumstances, insurers have the clause of compensation, in case of abandonment due to natural calamities. All IPL franchises have their own insurance agencies and premiums are in the range of ₹3-5 crore.
However, in the wake of the ongoing pandemic, there will be no insurance cover in case any unprecedented Covid-19 case arises, leading to cancellation or forfeiting the match.
Amid the pandemic, all sporting events insurers have excluded communicable diseases, like coronavirus, from the list. Not just the IPL 2020, even the events like Soccer, International Cricket in England, US Open were imposed with this rule. It was only The Olympics and Wimbledon that got compensations because they had pre-existing insurance deals, which offered cover for pandemics.
An official said on the condition of anonymity, “Since Covid-19 is not an unforeseen eventuality, even insurers have stopped offering compensation for all communicable diseases.”