Event organizers
As of June 26, 2024, under Government Decree 121/2024 (VI.10.), organizers of motorsport and motor vehicle sport events in Hungary are required to take out liability insurance.
Motorsport: HUF 14 million per claim
Motor vehicle sport: HUF 20 million per claim
However, these limits provide far from real protection. The insurer only compensates up to the limit, meaning that in the case of a serious accident, the organizer bears the remaining loss.
FIA and FIM regulations:
Liability insurance limits of USD 10–100 million
Minimum in international motorsport:
EUR/USD 1,000,000
Teams and competitors arriving in Hungary rightly expect the domestic promoter or track operator to have international-level insurance.
Injuries to spectators or participants
Asset damage caused to third-party
Reputational damage that could jeopardize the authorization of future competitions