Most driver corrupt motorcar insurance to protect them in case they ’re in an accident and their machine — or another person ’s gondola — is damaged . But what about backwash car drivers ? The sport is built on speed : NASCAR driver , for example , wash at speeds of up to 200 mi per hour ( 322 kilometers per hour ) .
And at speeds like that , accidents are bind to befall — and they do . In fact some fans come up them themost exciting part of the summercater . So who insures these drivers and their raceway railcar , where accidents — and often spoilt one — are equivalence for the course ?
Insuring Drivers and Pit Crews
First , the pit crew and other member of a racing squad areusually hire by the team , and that team commonly allow them health insurance just like your employer supply you health insurance . However , gadget driver are often self-governing contractors , an engagement position that generally comes with no welfare , including insurance coverage of any kind .
This does vary fairly , as some state have law of nature necessitate workers ' compensation or disability reporting , but that ’s an exception to the principle . In short , drivers generally do n’t receive any benefits unless they ’re anguish on the job , and often , not even then .
Insuring the Race Cars
But what about the car ? squad owner ca n’t just call up their local State Farm rep and ask for a policy for a backwash car . Instead , run teams typically must insure their cars with companies that specialize in motor sports . K&K Insurance Group , for instance , has been allow for motor sports insurance since 1952 . Chizmark Larson alsoprovides on - track coveragethat insures race car damage while in racing .
Several insurance companies like K&K and Chizmark Larson typically base the policies on agreed - upon values of the cars , andon the competition schedule — that is , the more races on the schedules , the more the policies are probable to be .
speed assets , such as tools , trailers and facilities ( even the tracks themselves ) need to be underwrite , too . Drivers may also post business liability coverage andlife insurancein addition to their health insurance policy . And watcher andliability insuranceis also available through companies that specialise in motor sports policy .
