Athlete Coverages

It’s not all glory in the world of professional sports!

What happens when the game is over, the stadium empties and the reality of a catastrophic injury hits home for a professional athlete? That’s not something that usually makes the 6 o’clock news but it can be a reality nonetheless.

Injuries occur every day to professional athletes and while most are able to recover, some are not as fortunate. KSI has been insuring athletes since our inception as we possess the industry knowledge and expertise to successfully protect these high profile players, both from a team and individual perspective.

Click here to read a nationally published article by KSI’s President, Steve Kapusta regarding athlete disability coverage (while somewhat dated, the information still applies today!)

Additional information regarding the various specialty products applicable to professional athletes (and teams) follow:

Temporary Total Disability

This coverage, usually applicable to professional sports teams, reimburses the insured for compensation contractually guaranteed to an athlete should the athlete suffer a disability which prevents them from playing for an extended period of time. The compensation protected can represent salary or signing bonuses that are guaranteed to the athlete. Coverage generally applies after a designated waiting period.

Permanent Total Disability

Otherwise known as ‘career-ending’ disability, this coverage is catastrophic in nature and responds when an athlete suffers a disability which prevents them from ever playing their sport again. There is also an offshoot of this coverage called Loss of Value which reimburses the athlete should their draft position fall due to a covered injury or illness.

Life Insurance

Unfortunately, there have been several tragic incidents in the professional athlete world recently and having proper coverage in place is crucial for the athlete and his/her family. Working in conjunction with former NFL athlete Bruce Mesner, we utilize products that are specifically designed for the unique occupation of professional athletes.

Incentive Bonus

This unique product can have different applications relating to athletes; it is primarily used to protect an organization’s bottom line should a sponsored athlete achieve various contractual incentives - click here for further information.

In some cases, an even more unique application can apply - should a high-profile athlete have incentive bonus performance parameters in his contract, various levels of these bonuses can be insured against injury or illness which prevent the athlete from obtaining this compensation.

Liability

High profile individuals are high profile targets, particularly in our litigious society. As such they need liability protection which contemplates this exposure; we work with companies that understand this and provide the appropriate protection.