Maximize your budget efficiency by eliminating financial risk
Sports sponsorship, by its nature, is fraught with uncertainty. Performance incentive bonuses can be highly beneficial in rewarding coaching staff or an administrator, but there are budgetary risks if your team has a better-than-expected season. Organizations need proactive strategies to prevent a budget shortfall that might overshadow an otherwise successful season.
HUB is dedicated to helping clients navigate this tangled web using proactive and proven strategies. We can help facilitate contractual bonus insurance coverage, allowing your athletic department or team organization to cover virtually any performance incentive bonus. These incentive bonuses can include winning division or conference titles, participating in any Bowl game, achieving a certain number of conference or overall wins, or winning a conference or National Coach of the Year award.
You want your coaching staff to inspire peak performance with the comfort of knowing your risk is fully covered, helping to stabilize your budget and protecting against financial uncertainty. As you enter contractual relationships, our goal is to maximize your budget efficiency by eliminating the financial risk that can adversely affect your bottom line.
We can:
- Help the negotiation process.
- Conduct budget analysis.
- Offer alternative strategies.
- Secure the best pricing.
Access specialty expertise for every major sport
HUB works with some of the world's most prestigious and influential sports companies — managing over $1.4 billion in professional sports bonuses and over $100 million in college coaches' bonuses over the past 15+ years. We have helped place contractual bonus insurance for every major sport with an extensive client list, both in the United States and in Canada. Our sports expertise spans both professional, amateur and intercollegiate sports, including:
- Golf
- Tennis
- Auto racing
- Basketball
- Football
- Soccer
- Running and track and field
- All Olympic sports
With a global network of supporting carriers and third-party administrators, we use our specialized expertise to ensure that you get tailored coverage that meets your needs.
Your partner for bonus structure — from creation through negotiation
We understand the vast bonus landscape for sports and have helped our clients create countless unique bonus structures over the years. We can offer innovative ways to support you, including:
- Advising you through contract negotiations: We have extensive knowledge of the negotiating process for incentive bonuses and retainer adjustments.
- Budget analysis: Our sports industry experts specialize in conducting a budget analysis for your sponsorship team. Let us apply our wealth of experience to your situation to help uncover strengths and weaknesses, allowing you to gain insight into market trends.
- Exploring structure options: There are many paths to choose in structuring endorsement agreements. We can work with you to explore all possibilities and recommend the options that work best for you.
- Securing cost savings: Our longstanding relationships with top-rated carriers give you access to the broadest range of coverage options at the most competitive rates. We understand this niche marketplace. Let us utilize our expertise to provide you with the best possible terms.
To learn more about coverage for your incentive bonuses, talk to a HUB sports insurance specialist today.
