A career-ending injury can be devastating to an athlete. Sutton Special Risk is a leading provider of Professional Sports insurance protection with over 40 years of experience. Our underwriting expertise, reputation for competitive rates, and a
commitment to outstanding service enables us to best respond to the unique insurance needs of athletes.
Our specialty products for the sports world focus on the following financial exposures:
Protecting professional athletes, college players, juniors with highly ranked ‘up and coming’ status and professional
sports team executive management from career ending disability. Permanent Total Disability is defined as being totally
disabled as a result of bodily injury, sickness or disease, preventing the Insured from ever again participating in their
own occupation. Benefits are payable in a lump sum with an elimination period of 12 months.
- Personal coverage purchased by athletes protects their future income from a career-ending injury or illness
- Team purchased coverage to protect their contractual obligation to the individual players.
- Team purchased coverage to respond to the exposure of a catastrophic accident associated with team travel.
Designed to respond in the event that a professional athlete is temporarily unable to work. TTD is defined as being wholly
and continually prevented from performing the major duties of their occupation, due to accidental injury or sickness.
Options vary from a 60-day elimination period to as long as required and a benefit period from 1 to 5 years. Monthly
benefits can be selected to any level which is economically justified. Teams, protecting their contractual obligation to
key players, often purchase TTD coverage, but it is also effective for athletes that have no guaranteed income, such as
Principal coverage is a lump sum benefit for accidental death. Also included are benefits for loss of limbs or faculties
under a dismemberment schedule. Coverage can be provided to an entire team or on an individual basis. Teams travelling
together on single aircrafts can result in potentially high accumulation of benefits. These risks can be insured to any
required aggregate. This coverage is usually purchased by the team with themselves as the beneficiary. The sum insured
is normally the equivalent to the player’s contract, although asset value can be taken into consideration.