When Erik Roner died recently, there was discussion (locally) among some of our friends about how "Red Bull must have some kind of insurance on its high level athletes".
The general consensus was that Red Bull is such a huge company with huge profits that they probably provide some kind of insurance, even if its "self" insurance within the company in case there is a catastrophic accident.
Keeping in mind that Erik died while sky diving into a charity event and not (necessarily) a Red Bull performance. However, from what I understand, any time these athletes perform, even for charity, they are required to don the Red Bull helmet and often sky dive with a Red Bull parachute.
Upon further discussion and real knowledge from a few of the Red Bull athletes who live locally, there is no such insurance.
That is why there is a "go fund me" campaign Erik Roner - Fallen Hero| Road2Recovery Foundation
We can discuss the level of responsibility that someone like Erik or Paul should have when they start having a family, but the sad reality is, there is something inherently wrong with this system if millions are made at the risk of these athletes lives/livelihood while they're scraping the bottom of the barrel and uninsurable.