Collegiate athletes may participate in sports for many reasons. Some may be pursuing professional careers, others honoring scholarships while pursuing academic degrees and those who do so primarily out of enjoyment or for social reasons. Regardless of motive, college sports can be a rewarding and even lucrative endeavor for athletes. However, taking part in athletics also bears inherent risks, such as severe injuries.
Fortunately, Bene-Marc Inc. is here to protect you financially. Our agents have over 40 years of specialty experience providing athletes and sports programs with optimal insurance solutions.
What Is Catastrophic Athletics Insurance?
Accidents and injuries can occur anytime for even the most elite athletes at peak physical fitness. With a catastrophic athletics insurance policy, colleges attempting to manage the aftermath of an injury may be able to access crucial financial resources that will ensure optimal recovery options for their student athletes with minimal out-of-pocket costs. The agents at Bene-Marc coordinate coverage with collegiate athletic organizations such as the NCAA, NAIA and NJCAA to ensure coverage is optimized for policyholders.
What Does Catastrophic Athletics Insurance Cover?
Many costs and losses could arise from catastrophic injuries affecting collegiate athletes. In general, an adequate catastrophic athletics insurance policy should include coverage for the following:
- Medical expenses—This may include coverage for dental bills, rehabilitation costs, custodial care and home healthcare.
- Disability benefits—If an athlete develops a disability due to their injury, this coverage may pay disability benefits, such as monthly installments, vocational rehabilitation expenses and the cost of completing their degree.
- Death benefits—This coverage may pay out a death benefit if an athlete dies or an injury leads to death within a certain period of time.
Catastrophic athletics insurance is not intended only for athletes, but what constitutes a covered event may vary depending on the insured’s status within an athletic program. Although details may vary, during competitions, practices and other official events organized or directly supervised by representatives of their school, the following parties may be covered:
- Student athletes
- Student coaches
- Student managers
- Student trainers
Get the Best Coverage
Our sports insurance experts work with hundreds of universities, schools, camps, clinics and leagues in all 50 states. Our innovative insurance solutions can provide your student athletes with optimal protection to ensure that even in the wake of a catastrophe, their recovery and rehabilitation goes smoothly, and their life off the field faces minimal ramifications.
Contact us using our website or call us at 800-247-1734 to get started.
This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.