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.
While the minister is of the view that the proposal would have significant positive economic impact, the entertainment industry players believe otherwise. The issue has over the weeks become a hot potato. But what is of essence right now is that the country needs liberal ideas to move in the right direction While opening up the economy may sound quite interesting to the ear, rolling out extended trading hours through pilot programmes without...