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- Updated: October 11, 2017
There is a realistic possibility that motorsport could cease in the European Union due to an insurance crisis.
The only way out of such an eventuality seems to be if the sport’s businesses and employees reply to an EU consultation by October 20, according to the UK’s Motorsport Industry Association.
The entire problem is centred around the VNUK ruling – which applies to all 27 EU member states – and was made by the Court of Justice of the European Union (CJEU) in September 2014.
The requirement states that there must be unlimited third-party liability insurance to be carried by anyone using any form of motorised transport, in any location.
This will include each and everything that is a motorised vehicle, including ride-on lawnmowers, tractors and saloon competition vehicles. Even private events must be monitored, which includes race circuits throughout the EU.
What this will mean is that any crashes that take place in a motorsport event will be seen as road traffic accidents, and would involve the police as would any road traffic collision.
Chris Aylett, chief executive officer of the MIA, has reinforced just how serious a matter this is. Failure to follow these guidelines could put the future of motorsport in jeopardy, at least in the EU.
“This threat is real, make no mistake, it could close down all motorsport (countries in the EU),” said Aylett.
“My appeal will safeguard jobs and the industry. If you want to protect your job in motorsport then make sure your employer responds before the deadline of October 20.
“The EU offers an option, known as Option 3, where their insurance requirement applies ‘in traffic only’. If we succeed in getting this option supported then motorsport will be safe.”