Sports and Entertainment

Industry Overview

Sports and Entertainment

Specialized Advice and Cover for a Unique Industry

Whether a sports person needs insurance, a production company seeks cyber risk coverage, or an agency wants a novel approach to rewarding talent, specialized solutions are a must in the sports and entertainment industry. This is particularly true when considering emerging risks and opportunities such as managing environmental, social and governance (ESG) issues, better capitalizing on the value of intellectual property, and building healthier, more resilient workforces.

At Aon, our clients include some of world’s leading businesses and personalities in the sports and entertainment industry—ranging from professional sportsmen and sportswomen to clubs, associations, sporting goods manufacturers, promoters, advertisers, marketers, sponsors, production companies and leisure and entertainment parks—granting us the perspective required to help clients manage risk, harness technological innovation and maximize their creative vision through innovative, tailor-made solutions.

Top 5 Current Risks

According to our latest Global Risk Management Survey, the biggest risks facing the Sports and Entertainment industry include:

  • 01

    Damage to Brand or Reputation

    The fallout from a reputation crisis can be far greater than any short-term earnings losses, with some companies losing significant shareholder value.

  • 02

    Business Interruption

    Previously, companies planned for isolated events. But the risk landscape is now more interconnected than ever before.

  • 03

    Cyber Attack or Data Breach

    Cyber attacks are, and will remain, a top risk across all geographies and industry sectors. All leaders need a cyber game plan.

  • 04

    Increasing Competition

    Fueled by direct-to-consumer and ecommerce business models, barriers to market entry continue to erode.

  • 05

    Vendor Management or Third Party Risk

    Identifying critical dependencies on technology service providers or vendors is crucial to mitigating this risk.

Article

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