Professional Sports Insurance

Athletic trainers, as well as other fitness and rehabilitation professionals, are responsible for keeping sports teams at their peak performance. They are critical to a team’s success — keeping players healthy and in the game. To perform their duties and maintain their professional practice, trainers need to ensure that they are protecting their own interests by obtaining comprehensive professional liability insurance. We can help determine the right coverage for you and your practice, protecting your assets, license and reputation.

When your career is dependent on your physical abilities, an accident can have life-altering impact. It is imperative that every professional athlete have a catastrophic medical plan in place to protect you and your family if the worst happens. We can provide you with a comprehensive review of your existing coverage and recommend modifications or additions. We can also design a custom catastrophic accident insurance plan if your needs do not fit the traditional limits.

Performance incentive bonuses can help retain and reward coaches and team administrators; however, they may impact your budget if your team has an unexpectedly successful season. Organizations need proactive strategies to prevent a budget shortfall when paying out contractual bonuses. We are dedicated to helping you navigate this issue with proactive strategies. We can help facilitate contractual bonus insurance coverage, so that your organization can cover virtually any performance incentive bonus.

Event cancellation insurance protects your sports organization when unforeseen events cause the postponement or cancellation of a covered game or event. It allows for reimbursement of ticket revenue, concession sales, advertising and more. It also includes specific coverage for weather-related claims or terrorist activity.

As your individual wealth grows, so do your risk exposures. Our seasoned experts can help you manage the complex financial protection issues associated with your business, professional and private interests. An investment in high net worth insurance services can help manage the unique set of risks that come with high value assets and interests.

Personal professional sports insurance policies protect an athlete’s future income in the event of a career-ending injury or illness. This can include permanent total disability, temporary total disability and accidental death and dismemberment coverage.

Typically, professional athletes acquire a greater number of high value assets as their wealth increases. When assessing their personal insurance needs, athletes need to consider luxury, secondary and rental homes; automobiles, including classic or sports cars; private planes; boats, motorcycles and all-terrain vehicles; jewelry and fine art and collectibles. They should also ensure that they have cyber coverage and determine if they need personal umbrella insurance to protect them from a lawsuit.

Redemption-based promotions are effective ways to reach out to both new and existing consumers while increasing activation. However, if consumer response to your promotional campaign is much higher than anticipated it could have an adverse effect on your budget. Prize indemnity insurance protects promotional campaigns and events that include expensive prizes for winners. By coordinating traditional prize indemnity insurance or establishing a fixed-fee insurance policy, we balance the financial risk and remove the guesswork of offering attractive promotions.

Team purchased insurance coverage is intended to protect a team or sports franchise when they invest heavily in an athlete. This type of policy protects the contractual obligation between the organization and the individual players. It includes:

• General liability coverage with no aggregate
• Accident medical coverage at any level
• Directors and officers coverage