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Every time I have entered the pits at a racetrack I have signed a WAIVER OF LIABILITY/RISK ASSUMPTION statement...to me that tells me that I just agreed that I am entering/racing at my own risk and not to expect any type of coverage.
That being said, usually any track that has these forms has been provided the forms by an insurance carrier, and there is some small amount of SECONDARY coverage...probably 10 grand in most cases, for people on the pit side of the event.
I promote one race a year, for small cars on a rodeo arena, for a fundraiser for our local community center... the insurance we use for this event is pretty good as far as covering spectator incidents. For a small fee per every pit pass sold we get a million dollars worth of liability coverage for spectators (not pit pass purchasers) and all of our sponsors and the owner of the property are listed as "Also insured"...meaning if somebody gets hurt and tries to sue a sponsor the event insurance protects them. In 12 tears we have had 2 drivers go to the hospital...a badly sprained ankle and a broken leg... and each time there was some secondary coverage that helped with deductibles and co-pays.
Knowing all of this... I can not believe anybody would race without having STIDA coverage. I had a sprintcar ride last season and the first thing I bought was a STIDA policy.
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