Hagerty subsidiary launches online waiver platform for motorsports

New platform cuts down on the hassle of liability waivers for motorsport events

Hagerty subsidiary launches online waiver platform for motorsports

Insurance News

By Ryan Smith

MotorsportReg, North America’s largest motorsport membership, licensing and event online management system, has announced the launch of SpeedWaiver.com, which allows motorsport and automotive event organizers and participants to sign liability waivers digitally. MotorsportReg is a subsidiary of Hagerty, the world’s largest provider of specialty insurance for enthusiast vehicles.

“SpeedWaiver eliminates one of the biggest hassles for event organizers and participants – standing in line at the liability waiver table,” said Brian Ghidinelli, managing director of motorsports for Hagerty. “It’s fast and simple, but best of all, in this age of social distancing, it’s much, much safer.”

Event registrations at MotorSportReg.com have spiked in the last few weeks as the easing of COVID-19-related lockdowns allows events to restart, Hagerty said. MotorsportReg.com is used by 1,300 clubs, racetracks and sanctioning bodies to manage 50,000 events and 2.5 million registrations, the insurer said.

SpeedWaiver is free for event participants, including drivers, crew members, guests, walk-ups and others, Hagerty said. Event organizers pay a monthly fee based on the number of waivers signed.

“At Hagerty, our mission as a company is to grow and enable the international tribe of car enthusiasts, including those who enjoy motorsports,” said Derek Prechtl, vice president of Hagerty Motorsports. “Helping people get more out of their car experience is what it’s all about.”

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