Employment Practices Liability

It is estimated that as much as 41% of eSports players are women; however, only a small portion are pros. This is just one example of areas that leave eSports at risk of discrimination lawsuits.

Event Cancellation

Event organizers are at risk of canceled events due to a variety of reasons, such as weather, players that cancel, etc.

Mental Health Issues

Studies are continually conducted on whether or not there is a correlation of mental health and gaming.

Commercial Auto

Not only do eSports competitors drive from tournament location to another, but organizers also carry equipment using large trucks and other vehicles. While commercial auto covers damages to the vehicles in an accident, a related coverage known as inland marine insurance can be paired with commercial auto to protect assets that may become damaged while in transit.

Commercial Property

Commercial property insurance protects your physical property, such as your computers, gaming consoles, and more. Commercial property insurance also protects your physical place of business from damages that may occur. These policies cover necessary repair and replacement costs, financial losses due to lost income while repairs are made, and more.

Cyber Liability

Cyber crimes are one of the biggest concerns among eSports businesses and professionals. Cyber liability insurance policies are designed to protect you financially in the event a third-party claim was made that information was mismanaged. It can also protect in the event there is a data breach in which your stored online information is stolen.

Directors & Officers

Directors & officers liability, as it applies to the eSports industry, covers individuals and organizations against claims made by third parties. These claims can result from several circumstances, such as an event not being as profitable for a venue as the organizer claimed it would be, or even an investor being promised a return that they did not receive from an event.

EPLI

Employment practices liability insurance (EPLI) protects you financially if allegations are made against you by your employees. This includes claims of discrimination, breach of contract, wrongful termination, and much more. EPLI policies provide wage and hour coverage for legal defense costs related to allegations made against you or your company by employees.

Equipment Breakdown

In the world of electronics, specifically in the eSports industry, equipment breaks or ages into disrepair all the time. Proper equipment breakdown coverage will ensure your team or organization will not lose any money due to controllers, consoles, or other electronic equipment breaking down after the period of intended use.

Event Liability

Event liability insurance protects event organizers from financial losses when unexpected setbacks occur. An event may be shut down due to circumstances outside of your control, or your event may be vulnerable to lawsuits, property damage, etc. Event liability also protects against event cancellation as well.

Excess Liability

Excess liability insurance covers damages and expenses that range far beyond the coverage limit of a general liability policy. It serves as a safety net in case your organization were met with a situation which would cause you to pay out-of-pocket for any balance not met once your general liability coverage has paid its limit.

General Liability

Third-party claims in the eSports industry carry many associated costs; however, acquiring a comprehensive general liability insurance policy with MFE Insurance can cover much of the legal fees, possible settlement payments, damage repair costs, property replacement, and certain medical costs.