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Insurance Companies and Lawyers Cashing In on Fantasy Teams

I suppose this was inevitable. Wherever there was this much money, you know that the lawyers and insurance companies couldn't stay away forever. You can now insure your fantasy against catastrophic loss, you know like Tom Brady, your number one draft choice, going down for the season in the first quarter of the first game, or submit your league dispute to arbitration by "real lawyers", as opposed to the ones played on TV.

Fantasy Sports Insurance , catchy name don't you think, will provide disability coverage in the event a key player on you fantasy team goes down with an injury and is forced to miss eight of the first twelve games. If that happens, then the company will reimburse you the entrance fee and any additional fees you incur to replace your injured player. Premiums depend on the player and the insurance you buy.

I'm sure every league you have ever played in has disputes. Well, now, instead of relying on the commissioner to resolve them, especially since the dispute may involve the commissioner, there are mediation and arbitration sites popping up where the dispute can be settled for a small fee. One example of this type of site is sportsjudge.com, where the dispute is submitted in writing and the judge renders an opinion, all for $15.

Full post as published by Sports Biz on September 11, 2009 (boomark / email).