Athletes and Entertainers
As an athlete you depend on your physical fitness to support you financially. Your skilled expertise and ability to compete has become much more than a passion, but also your livelihood. What if that was suddenly taken away due to an unforeseen accident or disability? Would you be able to maintain the quality of life you have become accustomed to?
Thankfully, at Evolution Insurance Group we have the specific industry knowledge and capability to protect athletes like you. Our comprehensive insurance solutions can be perfectly tailored to fit your unique lifestyle and needs, and may include a host of coverages including:
- Loss of Future Earnings
A professional athlete can anticipate income levels and probable playing time. A disability can affect that level of income to be earned in the future as well as shorten the career period. As an example, an athlete has no income assurance beyond the term period of the present contact. This plan can insure a steady income, should disability shorten the expected career period. - Contract Completion
The loss of an athlete by disability puts the team in double jeopardy. Revenue may slip and the team must continue to pay the non-performing athlete. These plans can insure the contracted compensation to the athlete, thus relieving the team of that financial burden. - Loss of Endorsements
Endorsement income and fees continue to flow as long as the public remains fans of the athlete. A political statement, a drug involvement, a drunken arrest, public relations goof, oftentimes can cause the advertisers/endorsers to pull back from sponsorship. This loss is also insurable. - Cost of Agents/Managers
During periods of disability it is in the athlete's best interest to continue the use of agents and managers to keep their value as an athlete and as a product spokesperson keenly in the minds of those who contact for their services. These costs can be insured. - College Draft Protection
Talented athletes may decide to stay in school rather than take early entry into the draft. There is a risk of sustaining a career ending disability during the final college years. These plans are available to insure the future value of a professional career. - High Limit Death & Dismemberment Benefits
The loss of life or dismemberment of an athlete can place an enormous financial burden on the surviving spouse and/or children. Many teams provide a small benefit in the event of a tragedy and most families have little or no life insurance. These plans provide athletes with high limits designed to help eliminate the financial burden a family can incur as the result of a tragedy. - Property & Casualty Insurance
Some exposures are created by the day-to-day lifestyle of performers, others by the big events that spotlight specific athletes, performers, sponsors, agents, promoters, venues, etc. In all cases, we have the expertise to address these crucial needs and enhance the standard property and casualty coverage for your business.
In addition to being a skilled athlete, you may very well depend on your likeness for a variety of entertainment purposes – perhaps you are an active product spokesperson, public speaker and so on; that fame and popularity can also pose risk to your health and safety. At Evolution Insurance Group our coverage strategies don't stop at the basics needed by athletes of all degrees, we can also offer you comprehensive entertainer coverages, including:
- High Limit Disability Income
- High Limit AD&D
- Non-appearance / Event Cancellation Insurance
- Contractual Indemnification
- Kidnap and Ransom
- Contingency Coverage
- Property & Casualty Insurance
Interested in learning more about the wide array of specialized coverages we can offer you? Whether you are a young athlete or season veteran and spokesperson your health, safety and livelihood is important to us—let us better protect you with a customized insurance program that accurately addresses your needs.
Contact Evolution Insurance Group to discover your coverage options today!
