The ULTIMATE guide to professional sports insurance

If you make your living by playing sport, taking out professional sports insurance could help to safeguard your future earnings.

In this detailed guide, we’ll outline:

To discuss any of these issues with our professional sports insurance team, get in touch or call 01785 255514 – we’ll be happy to help.

What is professional sports insurance?

Professional sports insurance is a broad term which is used to describe all the different types of policies available to protect professional sportspeople, their assets, lifestyle and career.

If you make your main income from performing a sport, the insurance industry class you as a professional sportsman or woman.

When it comes to insurance, living your life in the public eye or media spotlight can cause complexities – especially if you’re young and relatively wealthy.

At N&R Sports, our ‘Player Care’ ethos supports sporting individuals by tailoring insurance to their exact requirements.

Why do you need professional sports insurance?

Whether you’re a promising new talent or experienced professional, earning a living through professional sport is extremely demanding.

No-one goes into competitive action worrying whether they will suffer a career-ending injury. But this is the risk you take during every training session.

In our experience, sports insurance should be a serious consideration as it could provide future financial security if your career is brought to an early end through injury or sickness.

As a responsible insurance provider, we believe it’s our duty to properly protect your career so you can relax and focus on performing at your best.

If you’ve acquired multiple cars, watches, jewellery or homes; your assets must also be properly protected for every eventuality.

Arranging professional sports insurance which is tailored to your lifestyle gives you and your family reassurance – because you know your financial affairs will be in order should the worst ever happen.

What can professional sports insurance cover?

Career-ending injury

No matter which sport you excel at; health and fitness are the biggest assets for any professional sportsperson.

Perform well and your career can take a rapid upturn – and so can your earning potential. Lose form or suffer a serious injury and it could stall just as quickly.

Career-ending injury insurance puts you take control if a routine or unexpected injury strikes – a constant hazard when performing at a high level.

Policy benefits include:

  • Tailored specifically to your sport, its risks and your requirements
  • Receive a lump sum or regular income if your livelihood is affected
  • Financial security if career comes to unexpected end
  • Past injuries do NOT automatically exclude you from arranging cover
  • Earlier you protect yourself, the more value you receive in long term
  • Complement insurance from a governing body or representative organisation

High-value property

Property is usually a sportsperson’s most valuable asset, but it can also be the most vulnerable.

In our experience, it’s vital to have the right protection in place to adequately cover every eventuality.

Our policies can protect:

  • Home and Contents
  • Second homes
  • Overseas homes
  • Property portfolios
  • Investment properties

Valuable assets

Prestige cars, luxury watches and bespoke pieces of jewellery are assets which require specialist insurance knowledge and protection.

Most standard market insurers will NOT provide car insurance for professional sports people – because of the increased financial risks involved if a serious accident occurs.

At N&R Sports we use specialist markets to properly protect you – and your passengers.

Other assets we can protect include:

  • Watches
  • Jewellery
  • Designer clothing
  • Gadgets & technology
  • Fine art
  • Collections

What sports professionals can get cover?

N&R Sports has worked in partnership with a wide range of high-profile sports stars since 1976.

We insure a wide range of professional footballers, athletes, F1 drivers, Olympians – and many more.

We understand how to minimise the multiple risks which are faced by professionals in the following sports:

  • Football
  • Rugby
  • Cricket
  • Motorsports – cars and bikes
  • Horseracing
  • Snooker or Pool
  • Darts
  • Ice Hockey
  • Swimming
  • Athletics
  • Tennis
  • Boxing
  • Golf

Even if your sport is not mentioned on the above list, we can still insure you – call 01785 255514 for a quote tailored to your needs.

What are the policy benefits?

A robust professional sports insurance policy should offer complete cover for injuries and illness – even if the affected professional is at fault.

At N&R Sports, we listen carefully to your needs and understand the assets you have before offering any advice.

Cover for financial losses resulting from injury or disability can start after 42, 60 or 90 days.

Our market-leading protection includes:

  • 24-hour, worldwide cover
  • Two-year claim notification period
  • Tax-free lump sum if accidental injury or sickness ends career
  • No rehabilitation clause – no period when ‘recovery’ must be made
  • Proportionate benefit clause – claims covered if degeneration contributes but is not root cause of disablement
  • Loss of speech and hearing
  • Paraplegia or quadriplegia cover
  • Permanent total disability
  • Accidental death
  • Re-training benefit

Why should you choose N&R Sports?

Understanding and arranging professional sports insurance can be time-consuming and confusing.

At N&R Sports, your welfare is our top priority – and we aim to take the hassle out of the set-up and claims process.

As independent advisors with no ties to any single insurance provider, we use our expertise to explore all the markets available to us to obtain the right insurance solution.

Premiums are tailored to meet your individual needs.

Arrange a free consultation and we’ll listen to your requirements before using our expertise to tailor the most appropriate policy for you.

Should an incident occur, we’ll lead the process on your behalf and work with the insurer to settle the claim quickly.

Other benefits include:

  • Free insurance consultation & review
  • No call centre contact
  • Dedicated & friendly account executive
  • Contact via email or phone
  • Access to well-known insurers
  • Claims support in an emergency

Discover more about Professional Sports Insurance

Whilst it’s impossible to know what lies ahead, you can prepare for the future by getting a FREE no-obligation quote.

For unrivalled impartial advice and expertise, email our professional sports insurance team or call 01785 255514 to discuss your options.

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N&R is a leading Private Client and Commercial Insurance broker. We provide tailored insurance for high net worth individuals and business owners, offering a trusted and discreet service.

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