When PolicyGenius.com wanted to include a story about pro athlete insurance, they turned to SEI’s James Tallarico for his advice.
SEI’s Sports Group customizes affordable permanent total and temporary disability policies to meet the needs of athletes in professional sports, including contract protection, injury protection, draft protection, and loss of value protection.
Athletes who can benefit from insurance protection can range from top prospects who want to protect their futures in the event of career-ending injuries, to proven pros whose insurance needs change as they achieve greater levels of success and personal wealth.
“Carriers have also started to insure endorsement deals. NBA players have guaranteed contracts, meaning they get paid whether they play or not. But many NBA players earn a lot of money from endorsing sneakers, and those deals typically have clawback agreements if players don’t participate in enough games. Insurers have begun to offer policies that hedge against the risk of losing that endorsement money.” Tallarico said.
SEI’s Sports Group has worked with NHL, NFL, MLB, and NBA athletes, as well as professional golfers, Olympians, and tennis players.
To learn more, read what James had to say.
