Income Protection > Professional Athlete DI
Student Draft Protection
Student Draft Protection
Student Draft Protection
A student athlete, playing at the college or even high school level has a lot riding on the ability to play their sport. Dreams of future professional careers and signing bonuses can come crumbling down in a split second because of an injury on or off the field . Draft Protection Disability Insurance is the solution.
Jockey Income Protection
Student Draft Protection
Student Draft Protection
For those in professional horse racing, covering jockeys, trainers and drivers. Even a minor disability will interrupt cash flow, with more serious disabilities possibly being career ending. Because the risk is so high in the industry of horse racing, traditional insurance companies typically do not underwrite these disability insurance plans. Pro Jockey DI is the solution.
Professional Athlete DI
Student Draft Protection
Professional Athlete DI
Professional athletes that are established in their earnings power have a lot a stake to loose should they be permanently and totally disabled. Loss of huge endorsements, lost earnings and loss of actual income can grind to a halt. High Limit Professional Athlete Income Protection covers all professional sports including NFL football, American Soccer to Race car drivers.
Plans are insured by Certain Underwriters at Lloyds, London
Professional Athlete Income Protection Plans
How does Draft Protection Work ?
A student athlete, playing at the college or even high school level has a lot riding on the ability to play his or her sport. Dreams of future professional careers and signing bonuses can disappear in a split second because of an injury on or off the field.
Introducing "Draft Protection Disability insurance" for student athletes with professional potential.
In the event of a career ending injury or permanent total disablement, this plan will protect the student against a loss of future earnings as a professional athlete. For a student athlete, disability insurance guarantees that an injury will not cause future fiscal losses.
A third party scout will assess the student athlete and determine whether or not he or she demonstrates professional potential. Sports underwriters will then establish the insured’s benefit amount. The maximum benefit amount that a player can qualify for is based on where they are projected to be drafted and how much that position has signed for in previous year’s drafts. In the unfortunate event that the insured does become disabled, the benefit will be paid as a onetime, tax-free, lump sum payment.
If you are a players agent or insurance firm representing the professional athlete, GRB can work with you to provide a customized proposal for your client, presented by your firm. Simply enter our Producer Zone to get started with GRB Contracting. Or, jump right to getting a no obligation proposal for your athlete now by entering our secure athlete diability proposal request form page.
About Our Lloyds Coverholder
Petersen International Underwriters administers unique and proprietary insurance products in a similar fashion to that of insurance carriers. PIU is actually a Lloyd’s Coverholder. Lloyd’s retains the risks underwritten by PIU through the products that PIU designs. Lloyd’s has placed the power of the pen with PIU and has granted tremendous binding authority due to their expertise in the international personal accident market.
As a Lloyd’s Coverholder, PIUs financial strength lies in the Lloyd’s market. Because PIU is classified in the United States as a Surplus Lines Broker, they do not receive a rating from the rating companies, but rather rely on the financial ratings of the Lloyd’s market.