Zurich North America and Players Health, a provider of athlete safety and in
surance solutions, have teamed up to introduce a critical injury protectio
n insurance solution for colleges, universities, collectives and their st
udent athletes who receive name, image and likeness (NIL) payments.
The first-of-its-kind insurance product protects institutions’ fi
nancial investments in top student-athletes in the event the athlete suffers a season-disrupting injury.
The critical injury protection insurance policy provides cover to the college
or collective for NIL contract payments made or owed to an athlete who suff
ers an injury in official play, practice or training that causes them
to miss a significant portion of the season (typically 40% or more).
As the NIL space continues to evolve rapidly, the surplus-lines coverage is customizable and tailored to the value of NIL c
ontracts. Another iteration of the offering can provide coverage to athletes for potential loss of future NIL-related income due to injury.
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The policy, underwritten by Zurich, is distributed exclusively through
Players Health, which also makes it available through a recently announce
d integration with Teamworks, the Operating System for Sports. Teamworks provides college athletics sof
tware used by most Division I athletic departments and more than 6,500 elite sports teams globally.
Beyond insurance, the Zurich-Players Health collaboration offers
injury and sports risk insights drawn from Players Health’s database, one of the largest of its kind.
The Minneapolis-based company was founded over a decade ago by a form
er college football player to support and enhance athlete safety.