Insurance 4 Insurance

October 7, 2006

Footballer Insurance

Filed under: Footballer Insurance — <ADMINNICENAME> @ 7:37 am

An injury whilst playing football could result in your players being off work for several weeks with a resulting loss of wages. This is where the footballer insurance came into play. A football player’s body is not only vital to his career but his livelihood. It is his investment.

Careers in performance, like singing, playing an instrument or playing sports, are high-risk careers that take tremendous work to reach career-worthy levels. In a place where talent dominates the media, it would not be unfathomable to see insurance spread to other performance careers for young talent with exceptional potential.

Life insurance, liability insurance, disability insurance — football players usually load up on as much coverage as they can get to protect themselves and others who depend on their income

Football, according to the National Center for Catastrophic Sport Injury Research, accounts or more than two-thirds of high school sports injuries that paralyze or otherwise severely disable athletes

In football, defensive players are nearly five times more likely to suffer a catastrophic injury than offensive players. The riskiest position is defensive back, and the most common action leading to injury is tackling, especially tackling with the head down.

Insurance costs are a seldom-discussed part of the price of doing business in Major League Baseball But those costs have skyrocketed — premiums by more than 300 percent — as companies have paid out hundreds of millions of dollars in insurance claims in recent years and have passed those costs along to teams.

Liability coverage is a must for NFL players, whose presumed deep pockets are a magnet for lawsuits. On top of the maximum liability insurance available through their homeowners and auto insurance, players typically add a few million dollars more in coverage with an umbrella policy

Disability insurance is also critical, especially for top- football players who want to protect their future value. But it’s expensive — an annual premium of $12,000 per $1 million of coverage — and not every player qualifies.

If a player collects insurance and goes on to play extensively, the player is obligated to pay back the policy amount.

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Footballer Insurance

Filed under: Footballer Insurance — <ADMINNICENAME> @ 7:37 am

An injury whilst playing football could result in your players being off work for several weeks with a resulting loss of wages. This is where the footballer insurance came into play. A football player’s body is not only vital to his career but his livelihood. It is his investment.

Careers in performance, like singing, playing an instrument or playing sports, are high-risk careers that take tremendous work to reach career-worthy levels. In a place where talent dominates the media, it would not be unfathomable to see insurance spread to other performance careers for young talent with exceptional potential.

Life insurance, liability insurance, disability insurance — football players usually load up on as much coverage as they can get to protect themselves and others who depend on their income

Football, according to the National Center for Catastrophic Sport Injury Research, accounts or more than two-thirds of high school sports injuries that paralyze or otherwise severely disable athletes

In football, defensive players are nearly five times more likely to suffer a catastrophic injury than offensive players. The riskiest position is defensive back, and the most common action leading to injury is tackling, especially tackling with the head down.

Insurance costs are a seldom-discussed part of the price of doing business in Major League Baseball But those costs have skyrocketed — premiums by more than 300 percent — as companies have paid out hundreds of millions of dollars in insurance claims in recent years and have passed those costs along to teams.

Liability coverage is a must for NFL players, whose presumed deep pockets are a magnet for lawsuits. On top of the maximum liability insurance available through their homeowners and auto insurance, players typically add a few million dollars more in coverage with an umbrella policy

Disability insurance is also critical, especially for top- football players who want to protect their future value. But it’s expensive — an annual premium of $12,000 per $1 million of coverage — and not every player qualifies.

If a player collects insurance and goes on to play extensively, the player is obligated to pay back the policy amount.

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No comments yet.

RSS feed for comments on this post. TrackBack URI

Leave a comment

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