Disability Insurance

Whether participating in a team sport or an individual sport, Professional Athletes’ careers expose themselves to countless possible injuries, and illnesses. A minor disability may become career-ending for a professional athlete. With the risk so high, most insurers will not underwrite disability insurance plans for athletes. Petersen International Underwriters provides high limit coverage for professional athletes to financially protect against temporary and/or permanent disabilities. Each sport has unique underwriting challenges as incomes may come from a variety of sources including team contracts, signing bonuses, endorsements and purse winnings. Each sport commands unique contract features including guaranteed income to a player. Some contracts are fully guaranteed while others allow the team to waive the contract as they see fit. A variety of flexible solutions are available to protect a professional athlete’s.

Types of Coverage

Draft Protection

Young athletes have pursued lifelong commitments to reach the big leagues in their respective sports. Before a...