NCAA March Madness tournaments are among the most anticipated and exciting events in American sports, drawing millions of viewers and generating significant economic activity. But the massive popularity of the tournaments comes with risks that can affect participants, venues, sponsors, and fans. From injuries to property damage and event-related cancellations, this post explores the potential risks and the insurance products available to mitigate the risks associated with major sporting events, concerts, or festivals.

Common Risks
Injury Risks: March Madness, as a high-stakes basketball tournament, inherently involves physical risks for players. Injuries to athletes, whether from collisions, falls, or overexertion, can have serious consequences for the individuals involved and the tournament’s operations.

Reprinted courtesy of Rachel E. Hudgins, Hunton Andrews Kurth LLP and Jae Lynn Huckaba, Hunton Andrews Kurth LLP

Ms. Hudgins may be contacted at rhudgins@hunton.com
Ms. Huckaba may be contacted at jhuckaba@hunton.com