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Footballers kick a goal with liability deal

The Australian Football League and other major state and territory football bodies have engaged broker Jardine Lloyd Thompson to develop an insurance and risk protection package that will save clubs about $2 million a year in public liability (PL) premiums.

Outgoing AFL CEO Wayne Jackson said in his final report that although the association had complained in recent years about the rising cost and complexity of PL, personal accident and loss-of-income insurance, premiums have dropped for most clubs.

“The AFL finance department arranged a group insurance package for AFL clubs, which reduced costs for our clubs by $300,000 while maintaining the appropriate levels of coverage.”