Alex Mckinnon To Sue

[Nice Beaver]

Plenty. There are other jobs in the community much more dangerous eg building, transport industry.

Many in the community have insurance for themselves life, income protection etc.

David Beckham famously insured his kicking leg/feet for hundreds of millions.

Surprisingly - you are wrong......again.

Any insurance company would exclude a claim made as a result of playing professional football.

You just talk utter shit.

 

[RL The greatest game]

depends if a news organisation is funding it

I hadn't considered that but on reflection i wouldn't dismiss it.

 

[NrlVader]

Surprisingly - you are wrong......again.

Any insurance company would exclude a claim made as a result of playing professional football.

You just talk utter shit.

It's obvious the policy would entails you to work as a professional football player as a clause.

Risks of dying or permanently injured from activities such as motorbike riding, horse riding are far greater than playing football.

Plenty of players take out insurance but it should be compulsory.

 

[Sydney Knight]

That sounds like a sensible investment after just surviving cancer

Be a lot less than say getting cancer, incidents of permanent disability in NRL. If you say were insured and got cancer or a heart attack or lose an arm at work and had time off work etc and it was as major incident the payout can be in the millions if you are insured. Recently a friend developed brain cancer but thank fully survived and is in remission, the insurance payout was enough for them to buy a million dollar+ Byron Bay holiday house.

 

[NrlVader]

That sounds like a sensible investment after just surviving cancer

They're looking for a much simpler, less stressful life to hopefully stay in remission. Can always sell if it needed if it comes back to cover bills. But without insurance, you'll be on the disability pension.

In an NRL player's case, not insuring your lively hood is a poor choice.

 

[Perth Red]

Must be mad if they dont have insurance.

 

[Nice Beaver]

It's obvious the policy would entails you to work as a professional football player as a clause.

Risks of dying or permanently injured from activities such as motorbike riding, horse riding are far greater than playing football.

Plenty of players take out insurance but it should be compulsory.

Mate you are talking through your arse.

If you apply for Total and Permanent Disability insurance, you are asked specifically if you play sport professionally.

When you answer yes to that question, the insurer puts an exclusion clause in the policy that any claim as a result of injuries incurred from playing professional league is excluded from payment.

You don't know what you are talking about.

 

[NrlVader]

You can tailor the policy to suit yourself, obviously the higher the amount insured the higher the cost of a policy.

A $20million payout on permanent disability for contact sports is @$15,000 per year at the current rates.

 

[Sydney Knight]

The first link is Income protection only and the second link that you talk about isn't even in Australia.

Try and find an individual lump sum disability policy in Australia that covers injuries that happen whilst playing pro rugby league.

 

[seanoff]

The first link is Income protection only and the second link that you talk about isn't even in Australia.

Try and find an individual lump sum disability policy in Australia that covers injuries that happen whilst playing pro rugby league.

Easy. There are any number of specialists that cover all the contingencies in this case.

Try wwsi.com.au for a start and keep working away.

You can get cover for anything if you are prepared to pay. You can find a broker to go thru lloyds who will essentially underwrite anything for a price.

The policies are not available thru the AAMI or Allianz but they are available.

 

[NrlVader]

Easy. There are any number of specialists that cover all the contingencies in this case.

Try wwsi.com.au for a start and keep working away.

You can get cover for anything if you are prepared to pay. You can find a broker to go thru lloyds who will essentially underwrite anything for a price.

The policies are not available thru the AAMI or Allianz but they are available.

Some common sense.

 

[Sydney Knight]

Of course you can insure anything at a price but conventional TPD policies won't cover pro sports or will have exclusions.

It's not commercially viable for NRL players on 200k year to pay a huge proportion of their income on specialist insurance. Maybe NFL and EPL players can afford $100k premiums.

Easy. There are any number of specialists that cover all the contingencies in this case.

Try wwsi.com.au for a start and keep working away.

You can get cover for anything if you are prepared to pay. You can find a broker to go thru lloyds who will essentially underwrite anything for a price.

The policies are not available thru the AAMI or Allianz but they are available.

 

[Perth Red]

Where did you get the $100k premium from? I wonder, statistically speaking, how much more likely you are to get a prmenant disability playing professional rugby league than the man in the street?

 

[NrlVader]

Where did you get the $100k premium from? I wonder, statistically speaking, how much more likely you are to get a prmenant disability playing professional rugby league than the man in the street?

You'll be safer playing. 100%.

Ask Michael Schumacher, was not injured motor racing but was holidaying, like any man in the street.

Road accidents and work place accidents all have higher rate of PD.

 

[Sydney Knight]

Insurance companies are all about minimising risk. The stats on the man in the street being run over can be measured and the risk is spread across the entire population.

People that do skydiving, play professional contact sport, ride dirt bikes are always going to have a higher chance of injury than the average man in the street.

 

[Sydney Knight]

NRL Vader is talking $20m of cover with no exclusions. $100k wouldn't be that unrealistic.

Where did you get the $100k premium from? I wonder, statistically speaking, how much more likely you are to get a prmenant disability playing professional rugby league than the man in the street?

 

[TheFrog]

The last (before Alex Mc Kinnon) total and permanent disability from a single event in first grade RL in Australia was John Farragher in 1978 (someone correct me if I'm wrong). That's 37 years between payouts. If every player in the top 25 at each club (400 players) paid a premium to cover T&PD and nothing else, and the payout was $20m, the premium required to break even would be $1350 per player per year. Clearly profits have to be made and insurance has multiple middlemen, but $3,000 per player per year would seem to cover it pretty comfortably.

If as some maintain you can't get this cover at any price maybe the NRL in conjunction with the Players Association could start a fund for this purpose alone.

Of course this would be of no help whatsoever to players outside the top 25, Under 20's or park players.

 

[Sydney Knight]

The NRL or someone would need to agree on taking on some level of risk for this to work. What if someone became disabled in the early years of the scheme or if there needed to be 2 big payouts in a short period of time?

Although getting an insurer involved with 400 people would be much easier than players trying to get individual policies

Don't the NRL already have something like this? I think the problem was that when Alex was injured the Max payout on the policy they had at the time was $500k

The last (before Alex Mc Kinnon) total and permanent disability from a single event in first grade RL in Australia was John Farragher in 1978 (someone correct me if I'm wrong). That's 37 years between payouts. If every player in the top 25 at each club (400 players) paid a premium to cover T&PD and nothing else, and the payout was $20m, the premium required to break even would be $1350 per player per year. Clearly profits have to be made and insurance has multiple middlemen, but $3,000 per player per year would seem to cover it pretty comfortably.

If as some maintain you can't get this cover at any price maybe the NRL in conjunction with the Players Association could start a fund for this purpose alone.

Of course this would be of no help whatsoever to players outside the top 25, Under 20's or park players.

 

[El Diablo]

Don't the NRL already have something like this? I think the problem was that when Alex was injured the Max payout on the policy they had at the time was $500k

http://www.smh.com.au/rugby-league/...mark-insurance-agreement-20140806-1016jz.html

NRL players finally covered following landmark insurance agreement

• 
  Adrian Proszenko
  

NRL players are finally comprehensively insured for the first time in the game's history after players accepted a cover scheme sourced by their union.

The governing body, the clubs and the players will all chip in towards the cost of the $1 million policy, which will serve as interim cover from now until the start of next season. Thereafter, the NRL has undertaken to provide a whole-of-game policy for participants.

The Rugby League Players' Association presented its constituents with a scheme that would ''top up'' existing insurance arrangements to double the payout for total and permanent disability injuries to $1 million. The 16 club bosses unanimously backed the proposed cover at a recent meeting at Rugby League Central, but the ultimate decision rested with the players. After a period of consultation with the RLPA, the players voted in favour of the scheme, which at this point will cover only the top 25 contracted players at each club for injuries including quadriplegia, loss of sight or loss of limbs.

The landmark agreement will ensure players who suffer permanent or severe injury, such as Alex McKinnon or Simon Dwyer, will be covered. The league community has rallied around McKinnon and Dwyer in recent times via a number of fund-raising activities and the NRL is aiming to have a foundation in place by the end of the year to help any others who have slipped through the cracks.

''At the end of the process it was an overwhelming majority. It was close to 90 per cent of votes to accept the policy and direct the RLPA to take the steps necessary to put it in place,'' RLPA president Clint Newton said. ''[The players are covered] as of right now. It's tremendous for the game. We finally got a policy we were proud enough to put before the players and it was the best available policy at this time.''

The interim insurance policy will cost $335 for players earning $80,000 a season and $1340 for those earning $350,000 or more. Under the terms of the policy, players forced into premature retirement by a pre-existing injury – defined as one ''which you have sought advice, management or treatment [for]'' – are not entitled to compensation unless they first suffer the injury in the same season. Those players who have voted against the policy have until the end of the week to reconsider should they decide they too wish to be covered.

''I certainly feel better now the majority of the top 25 are going to be covered,'' said Newton, himself a player for the Newcastle Knights. ''This is a first, this is a pretty big thing for rugby league.''

 

[Twizzle]

good move, was only a matter of time