Jockeys' career-ending insurance scheme to be underwritten by owners

The Racehorse Owners Association has announced its members will pay for the long-term financial security of the career-ending insurance scheme for jockeys in Britain.

The scheme's commercial sponsor withdrew in 2019 and when the Covid-19 pandemic derailed a potential replacement, the Professional Jockeys Association contributed about £400,000 from its own funds to keep the insurance going in 2020 and 2021. The Racing Foundation also made a grant donation of £122,000 to guarantee the scheme until January 1, while the Levy Board was also instrumental in providing emergency cover in late 2020 as well as working with other parties towards a more permanent solution this year

An increase of £3.91 to the riding fee will underpin the scheme, which will remain with RSA and pay out up to £100,000 should a jockey suffer an injury which prevents them from continuing their riding career.

The new single 'jockey fee' will now incorporate the riding fee, the career-ending insurance surcharge and the professional riders' insurance scheme (PRIS) which covers absences over a shorter term.

PJA chairman Jon Holmes said: "This is such an important policy, providing as it does a lump sum payout designed to financially assist jockeys while undergoing their enforced transition into a second career.

"As an owner myself it feels like the right thing to do, and we are very grateful to the ROA executive and board for being so open to this agreement. We would also like to thank the Racing Foundation, without which there would have been a significant gap in cover."

ROA board member Steve Astaire said: "The ROA board were clear that no jockey should be without career-ending insurance and this agreement will give comfort to many across the industry. We are always keen to improve both human and equine welfare standards and riders' welfare is part of that picture.

"We have also simplified the owners’ statements making it simpler and more cost effective for owners when paying jockey’s fees. One fee incorporating all costs and insurance is clearer and better for both parties."

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