Network based system for providing insurance in fantasy sports

Abstract

A method for determining insurance for at least one player using a network based system. The method comprises determining a list of players available for insurance; determining, by a first processor, a respective likelihood of injury for each of the players in the list; and sending the list of players and respective likelihood of injuries from the first processor to a second processor over a network. The method further comprises receiving a request from a third processor over the network for a second list of players and a value relating to the second list of players; determining by the second processor insurance coverage options for the second list of players based on the value, and the respective likelihood of injuries; and displaying the insurance coverage options on a display in communication with the network.

1 . A method for determining insurance for at least one player using a network based system, the method comprising:
 determining a list of players available for insurance;   determining, by a first processor, a respective likelihood of injury for each of the players in the list;   sending the list of players and respective likelihood of injuries from the first processor to a second processor over a network;   receiving a request from a third processor over the network for a second list of players and a value relating to the second list of players;   determining by the second processor insurance coverage options for the second list of players based on the value, and the respective likelihood of injuries; and   displaying the insurance coverage options on a display in communication with the network.   
   
   
       2 . The method as recited in  claim 1  wherein the likelihood of injury for a particular player in the list is determined by: how frequently the particular player has been injured throughout his career, a severity of injuries of the particular player, a history of injury frequency for a position of the particular player, and a history of injury severity for the position of the particular player. 
   
   
       3 . The method as recited in  claim 1 , further comprising receiving an insurance request by the second processor from the third processor, the insurance request indicating at least one player to insure. 
   
   
       4 . The method as recited in  claim 3 , wherein the insurance request includes a deductible. 
   
   
       5 . The method as recited in  claim 4 , wherein the deductible is based on a potential number of games the player in the insurance request may miss. 
   
   
       6 . The method as recited in  claim 5 , further comprising generating, by the second processor, an insurance policy for the player in the insurance request based on the deductible, the value, and the respective likelihood of injury. 
   
   
       7 . The method as recited in  claim 1 , wherein the value is based on one of an investment by a team owner or a potential loss of the team owner. 
   
   
       8 . The method as recited in  claim 1 , wherein the list of players is determined based on prior season performance, by team owners or by a team administrator. 
   
   
       9 . The method as recited in  claim 6 , further comprising receiving payment for the insurance policy by the third processor from the second processor. 
   
   
       10 . The method as recited in  claim 6 , wherein the second processor is effective to determine whether to issue an insurance policy based on a history of past injury of the player in the insurance request, an age of the player in the insurance request, a number of years in which the player in the insurance request has been playing, a position of the player in the insurance request and an importance of the player in the insurance request to the success of a team including the player in the insurance request. 
   
   
       11 . The method as recited in  claim 6 , further comprising:
 determining, by the second processor, that the player in the insurance request was injured during a season; and   generating, by the second processor, payment based on the policy.   
   
   
       12 . A system for determining insurance for at least one player, the system comprising:
 a first processor;   a memory in communication with the first processor over a network;   a second processor in communication with the first processor;   the first processor effective to determine a respective likelihood of injury for a list of players available for insurance, the first processor further effective to send the list of players and respective likelihood of injuries from the first processor to the second processor over the network;   the first processor further effective to receive a request from a third processor over the network for a second list of players and a value relating to the second list of players;   the second processor effective to determine insurance coverage options for the second list of players based on the value, and the respective likelihood of injuries; and   a display in communication with the second processor over the network, the display effective to display the insurance coverage options.   
   
   
       13 . The system as recited in  claim 12 , wherein the likelihood of injury for a particular player in the list is determined by: how frequently the particular player has been injured throughout his career, a severity of injuries for the particular player, a history of injury frequency for a position of the particular player, and a history of injury severity for the position of the particular player. 
   
   
       14 . The system as recited in  claim 12 , wherein the second processor is further effective to receive an insurance request from the third processor, the insurance request indicating at least one player to insure and a deductible, the deductible being based on a potential number of games the player in the insurance request may miss. 
   
   
       15 . The system as recited in  claim 14 , wherein the second processor is effective to generate an insurance policy for the player in the insurance request based on the deductible, the value, and the respective likelihood of injury. 
   
   
       16 . The system as recited in  claim 12 , wherein the value is based on one of an investment by a team owner or a potential loss of the team owner. 
   
   
       17 . The system as recited in  claim 16 , wherein the third processor is further effective to receive payment for the insurance policy from the second processor. 
   
   
       18 . The system as recited in  claim 17 , wherein the second processor is effective to determine whether to issue an insurance policy based on a history of past injury of the player in the insurance request, an age of the player in the insurance request, a number of years in which the player in the insurance request has been playing, a position of the player in the insurance request and an importance of the player in the insurance request to the success of a team including the player in the insurance request. 
   
   
       19 . The system as recited in  claim 15 , wherein:
 the second processor is further effective to:
 determine that the player in the insurance request was injured during a season; and 
 generate payment based on the policy. 
   
   
   
       20 . A computer storage medium having computer-executable instructions stored thereon which, when executed by a computing device, adapt the computing device to perform a method for determining insurance for at least one player using a network based system, the method comprising:
 determining a list of players available for insurance;   determining, by a first processor, a respective likelihood of injury for each of the players in the list;   sending the list of players and respective likelihood of injuries from the first processor to a second processor over a network;   receiving a request from a third processor over the network for a second list of players and a value relating to the second list of players;   determining by the second processor insurance coverage options for the second list of players based on the value, and the respective likelihood of injuries; and   displaying the insurance coverage options on a display in communication with the network.