The NBA will resume operations under a liability insurance policy and could search for other coverage that could protect it as it looks to resume this month.
Zion Williamson #1 of the New Orleans Pelicans arrives at the hotel as part of the NBA Restart 2020 on July 8, 2020 in Orlando, FloridaThe NBA and other leagues will have a few options to reduce some of the risks associated with its resumption plans. The league could select to use the self-insurance option. It would use its funds and allow outsiders to acknowledge the health and safety protocols and strictly enforce those protocols to avoid potential lawsuits.
Jon Mugar, TBT founder and CEO, told CNBC he monitored the event to "make sure our protocols are carried out" to combat Covid-19 during his tournament, which ended Tuesday. If the NBA does find additional insurance to cover its bubble, it may have to negotiate. The league could carve out some risks to entice an insurance company to accept and offer a reasonable premium to help it recover the cost of its bubble., the CEO of Professional Risk Manager's International Association and a professor at Columbia University. "When things like this happen, often times insurance companies will try different things out.
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