On March 22 2020, the Australian Government announced the closure of gyms, outdoor leisure operations and community sports facilities, to assist with reducing the spread of COVID-19. This had an immediate impact on communities across the country and on a significant number of Sportscover’s clients.
At Sportscover, we recognised we needed to support our sport, fitness and leisure clients and assist them deal with the business impacts of the C-19 Pandemic. Despite our clients facing myriad challenges and business difficulties, Sportscover was able to provide assistance and support to over 900 clients via various business-supporting mechanisms such as policy extensions and payment terms management. By working in co-operation with our broking partners, we were able to provide tangible relief to our clients, lessening the financial burden of running a sport, fitness or leisure business during these uncertain times. Clients we have been able to assist ranged from individual personal trainers through to several National Sports Organisations managing national schemes across their whole sport.
We understand that a number of underwriting agencies writing business in the sport, fitness and leisure sector have had capacity and binder issues which the C-19 Pandemic has exacerbated. Sportscover’s relationships with our Lloyd’s partners remains unchanged and strong! If you are having trouble placing existing business, our team is more than happy to discuss your risks with you.
Recently, we circulated information concerning the Government’s C-19 App, with the recommendation that the App be embraced and promoted, as a further means of ensuring the community stays safe and healthy, thereby helping to facilitate the recommencement of sport, fitness and leisure activity in Australia over the coming weeks. We encourage you to download the App if you haven’t yet done so!
For further information about the forthcoming recommencement of sport in Australia, the Australian Institute of Sport (AIS) has recently published a Framework for rebooting sport in the COVID-19 environment. It can be accessed by clicking here.
Yours, in sport, fitness & leisure
The Sportscover Team.