Didn't know all that. Surely there still has to be a limit to the insurance though. Liverpool gave him a 5 year deal not so long back. Even at the time to a punter like me that looked reckless - surely no organisation would underwrite covering that for 5 years.
I wonder if players don't get their full wedge when injured or something - maybe after a few weeks the insurance company pays them a smaller fraction of their salary?
[Disclaimer - my knowledge about the insurance industry is just above zero]
The player would presumably get his contract paid up by the club in the event of a career ending injury, which is why it is a bit of a gamble for players who go into the last year of their contracts. How much the club would get from the insurance in compensation ... not a clue mate.
I don't think clubs insure players for "routine" injuries (i.e. not career ending) which is why they fight to get the money from England when players are injured on international duty. I remember Newcastle got a bumper payout from England when Owen was out for a long while.
LONDON, England -- English Premier League club Newcastle United are to be paid £100,000 ($206,444) per week in compensation for as long as Michael Owen is out of action after being injured playing for England last Friday.
Owen's latest setback came during England's friendly international in Vienna last Friday.
The striker is expected to be sidelined for up to a month after suffering a thigh strain in the first half of England's 1-0 friendly win over Austria in Vienna.
The English Football Association confirmed on Tuesday that Newcastle would be eligible for a payout under the terms of their insurance, which covers clubs for players' wages up to a maximum of £100,000 pounds a week.
Owen's latest injury occurred 16 months after Newcastle's former chairman Freddy Shepherd criticized the FA over the compensation for the cruciate knee ligament injury the player suffered during the 2006 World Cup.
FA officials have emphasized that decisions about reimbursement to clubs are solely decided by the insurers,not the association.
"The FA takes out policies to cover for injuries sustained on international duty," said an FA spokesman.
"This figure can be up to £100,000 a week but it is not the FA who pay this money out, it is our insurers, if they deem it is fit to do so."
http://edition.cnn.com/2007/SPORT/football/11/20/england.owen/Just read this snippet when doing a bit of research :- Liverpool will not receive any compensation from Fifa for Gomez’s injury
because he was not playing for a senior side.
« Last Edit: Dec 09, 2015 01:30:29 am by s@int »
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