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    new insurance policy for fighters under zuffa banner (UPDATED)

    Messiah2dgod
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    Post by Messiah2dgod Mon May 09, 2011 3:08 pm

    One of the things that has always separated the UFC from sports leagues like the NFL, NBA and MLB is the lack of insurance for UFC fighters for injuries suffered outside the Octagon. But as the UFC grows, that appears to be changing.

    Zuffa, the parent company of the UFC and Strikeforce, has announced that its 350 or so fighters, who are all independent contractors, will now be eligible for what it calls "customized accident insurance coverage." The policy will cover not just accidental injuries suffered in training, but also injuries suffered in car accidents or other injuries that have nothing to do with the fighters' MMA careers.

    "As this sport continues to grow, we have been working hard to secure additional insurance coverage so that our athletes can perform at the highest levels," UFC President Dana White said in the announcement. "We're proud to give our athletes access to this type of insurance."

    Almost as significant as the insurance policy is the fact that the UFC is making a point of publicly addressing the insurance policy. The UFC may be taking note of the fact that other sports leagues -- especially the NFL -- have been criticized for not taking proper care of athletes who suffer injuries, and wanting to get ahead of that issue. UFC Chairman and CEO Lorenzo Fertitta issued a statement explaining the reasoning behind the new insurance policy and will participate in a media conference call to provide more information.

    "Our athletes are some of the very best in the world and we've committed significant financial resources to provide them with insurance that complements the gold standard we have set for event-related coverage," Fertitta said. "We're pleased to provide coverage that enables our athletes to seek and receive treatment for injuries sustained while preparing for bouts."
    Dist205
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    Post by Dist205 Mon May 09, 2011 3:35 pm

    Good move by Zuffa!!
    Quadroponics
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    Post by Quadroponics Mon May 09, 2011 6:06 pm

    Sweet good news
    alex707perez
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    Post by alex707perez Mon May 09, 2011 6:18 pm

    Nice
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    Post by Dist205 Tue May 10, 2011 5:12 pm

    More Details

    Updated:

    UFC Executives shared additional details regarding the new policy during a conference call on Monday

    • Every fighter under contract with Zuffa is covered by the new policy. Covers fighters worldwide. A fighter does not need a scheduled fight to receive coverage.

    • The coverage includes $50,000 per fighter per year with premiums being paid for by Zuffa. No out-of-pocket expenses for fighters.

    • Lorenzo Fertitta refused to give a concrete number, but claimed that this is a "substantial" expense to the company.

    • Dana White and Fertitta both stated that this was something they've been working on since purchasing the company.

    • They thought they would announce the deal at Chuck's retirement, but it didn't work out. Started to look like a reality two or three months ago.

    • The policy covers all in-training and accidental injuries, but will not cover common cold, etc.

    • Zuffa general counsel Lawrence Epstein noted that they worked to get accidental coverage to avoid disputes between training and non-training injuries.

    • Feritta mentioned that they received a round of applause from fighters at the Strikeforce summit.

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