Why Your School Needs Sports Risk Insurance

Managing intercollegiate sports typically means you are always on the move. Slowing down to make sure you have the correct coverage for your student-athletes is the last thing on your mind. Putting a risk management program in place that addresses medical expenses isn’t as simple as issuing an RFP or asking for bids. With the ever-changing atmosphere in healthcare, staying current with primary and secondary insurance regulations for your institution’s athletic department can be challenging. 

Three reasons why CBIZ Borden Perlman Sports can keep your department focused on the next game:

1. Out of the Park Coverage and Plans

Just like any sport or game, there is always a risk at stake. If an athlete has an accident while at practice or in the weight room, they need coverage. Not all athletes will be able to cover these medical injuries out of pocket and there is always room for lawsuits to occur.

While medical coverage for your athletes can be costly, the best defense against rising medical costs is strong data and having a team that knows how to use it. Our team will collaborate with you to produce a winning formula. We can help you with efficiencies, key coverage issues, plan design and creating a financial structure that makes sense. We won’t say we have seen it all, but we have learned a lot during our 32 years of business.

2. Your One-Stop Shop for All Intercollegiate Sport Risk Needs

Instead of having to shop around for different policies to cover all of your specific needs, imagine having it all available under one roof. Catastrophic accident insurance, individual primary health care plans and cost containment strategies are all things you can receive coverage on with CBIZ Borden Perlman Sports.

Before CBIZ Borden Perlman Sports there was just BP Sports. Our acquisition with CBIZ, Inc. has strengthened us with more resources that will save you time and money. Our team has access to every major insurance carrier and experience in the marketplace to negotiate what’s best for your college or university.

3. Our Agents are Athletes, Coaches and Athletic Trainers

Our connection to athletics runs as deep as our connection with the insurance marketplace. Nobody understands your needs like people who have spent years in the same field as you! Explaining the unique kind of coverage you need to someone who isn’t involved in the collegiate sports world, feels impossible at times. With more than 30 years of experience, our team just gets it. They have sat in your seat and understand what your student-athletes need. Our unique perspective allows us to understand the challenges that athletic departments at higher education institutions face.

Efficient Systems + Great Protection + the Best Financial Structure = CBIZ Borden Perlman Sports

Just like the last few minutes of a game, sports can be unpredictable, and in a matter of seconds, anything can happen. As safe as your risk management practices are, it’s always best to have the correct policy on your side just in case something does happen. Get the protection you need and connect with one of our team members today to learn more. 

This blog may contain scenarios that are provided as examples only. In an actual claim situation, coverage is subject to the terms, conditions and exclusions of the policy issued. The information provided is general in nature and may be affected by changes in law or the interpretation of such laws. The reader is advised to contact a professional prior to taking any action based upon this information.

CBIZ BP Sports Honors National Athletic Training Month Driving Wellbeing Initiatives in College Athletic Departments

3 comments on article "Why Your School Needs Sports Risk Insurance"

Narendra Singh

Thank for your sharing this blog, the information given is very useful. Health Insurance

10/20/2022 4:44 AM

Hailey Harris

You will likely need to pass a test for each line of authority you want to carry. Once you pass, you will receive your state license and can work as an insurance agent.

2/16/2023 3:03 AM

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