Insurance cover delays motorsport season
Friday, May 12, 2023 | 30 Views |
Ready to roar: The motorsport season has been delayed by insurance issues
Speaking to Mmegi Sport, BMS president, Simon Modisaemang said the engines have been on hold for a deliberate reason, which is to satisfy all the necessities for public liability to avoid possible sanctions by the world governing bodies, the FIA and the FIM.
Public liability is the competitor's and association's insurance cover. These include insurance cover where there is an incident involving a competitor and a third party.
That a single private law firm pocketed P6.5 million for just four cases, out of a total P11.1 million paid for 25 matters, reeks of a system that was not merely disorganised but open to abuse.Bayford has taken a welcome first step by telling the Public Accounts Committee the truth. Now he must act decisively to ensure it never happens again and that any money lost to wrongdoing is recovered.The figures are staggering. Whilst ordinary Batswana...