Sports will be the first to be hit with a major change under the new policy, which takes effect next year.
It will provide more coverage for injuries to athletes in the event of an accident and is expected to cover up to $100,000 for injuries incurred during a race.
The policy, known as accident insurance policy 1, will cover the cost of care for those injured in an accident.
The new policy covers all major sports, including the NFL, the NBA, Major League Baseball, NHL and the NFL’s other major rival, the Miami Dolphins.
“The goal of this policy is to offer the most affordable option available to athletes,” said the policy’s lead author, Mike Biesecker.
“Our goal is to make sure the policy is affordable for athletes who are already eligible for this type of insurance.”
Sports have long been considered more of a business than an athletic activity, and a majority of Americans believe sports insurance is unnecessary.
But many sports organizations say that the costs of coverage can be passed on to consumers through higher premiums.
Bieser says that with the new auto policy, the insurance industry is seeing an opportunity to expand its reach into the health care market.
The coverage will be available to the general public starting Jan. 1, with coverage for all major professional sports beginning in 2019.
The change will also include the insurance of players for accidents that occur during games.
“We’ve always believed that athletes should have access to the best medical care possible, but we’re seeing this policy change as a result of the health insurance reform,” said Brian Bittner, president of the Professional and Amateur Sports Protection Association.
“There is a growing demand for our products and our customers.
We see this as a way to make our products available to our athletes.”
As for the benefits of the policy, Bieseser said it’s possible that sports players will receive some type of payout from the policy.
He said that, for example, if an athlete is injured while driving a car and falls asleep while in the car, the policy would cover up the cost for care for the injured party.
“As we see these things happening, we’re hoping this will allow us to extend the coverage to other players in our industry,” he said.
For those who can’t afford coverage, Bittners added, the auto insurance policies could be beneficial for some.
“For example, some people who have never had an accident before can benefit from the coverage and be able to recover from an accident that they might have missed,” he explained.
“It could even give people who are injured for work reasons the opportunity to take a few days off to get back to their jobs.”
The policy also will cover those injured as a direct result of a collision in a sports venue, such as an accident involving an automobile, a bicycle or an electric bicycle.
“You’re not going to see a huge change in insurance rates,” Bittmer said.
“But it will help a lot of people.”
He said the insurance companies are also looking to extend coverage for those who have already had an injury to their knees or ankles.
“If you’re going to get hit on your knee or ankle, you’re probably going to need some type the new policies are going to provide some type or another,” he added.
“Some of these injuries can be avoided if you get to a doctor quickly, and if you have a little bit of time to get treatment.”