Airton Risk Management Launch Guide to Bonus Insurance Scheme Guide for Football Clubs

April 10, 2013

Airton Risk Management will launch a guide to the little known about Bonus Insurance Schemes (BIS) policy released by the FA last year, physician to minimise risk liabilities in clubs.

BIS is the FA’s way of allowing UK clubs to insure bonuses against positive outcomes, physician so teams can protect their liability when a player goes beyond expectations.

According to an official statement by Aitron: “Not only do too few clubs know about and understand the power of the policy but fewer still appreciate that it carries a deadline; any indemnities pertaining to player bonuses need to be put in place by clubs in time for the August transfer deadline.”

Because of this, Airton will release an impartial guide to help clubs at Soccerex’s European Forum in Manchester.

Rod O’Callaghan, Director of Airton Risk Management, explained: “Football clubs across Europe are facing tougher margins in an extremely hostile economic environment, so we find it amazing that a move as significant and helpful as the Bonus Insurance Scheme should go so far under the radar.

“The FA has put something of real value in place that clubs would probably take advantage of, if only they knew about it.

“There is value indemnifying against bonuses as low as £50,000 but to take full advantage of the new policy, clubs should be thinking about what they can do now.

“The August transfer deadline sounds a distant prospect but clubs need to get their act together to take full advantage of benefits the new policy brings.”