RISK TRANSFER AND RISK REDUCTION OF ATHLETES

• Main Author: Željko Vojinović
• Format: Article
• Language: English
• Published: Montenegrin Sports Academy and Faculty for Sport and Physical Education 2011-09-01
• Series: Sport Mont
• Subjects: athletes; risk; insurance premiums; life insurance; retirement; injury
• Online Access: http://www.sportmont.ucg.ac.me/clanci/SportMont_Septembar_2011_Vojinovic_381-389.pdf
• ISSN: 1451-7485; 2337-0351

One of the indispensable factors in sports is insurance. The accidents influence not only the health, permanently or temporarily,they also influence the financial resources, more or less, depending on the recovery time of the injuries. Insurer in this case pay the agreed amount (the agreed compensation) to the insured. Each participant in the sporting competition should have personal insurance. The reasons for the theme are to find ways to explain how athletes can reduce the risks they are exposed to in doing their activities, training and competition, and other moments in life. Every man has a need for certainty in the future, regardless of the category in which he works, the values and skills available. The only difference is in absolute values and everyone has his own need. Athletes ,those from less successful to the most successful ones, whose transfers or fees are in millions, all think about the future and of course how to save and invest funds that are earned. They can find a solution in insurance, as an institution that takes over their risks, taking care of the invested money and benefits of those stakes. When there is uncertainty in our lives we seek security and see it as a basic need. Insurers claim that insurance offers just that - the security of property and life