More than just your profession changes when you enter the world of professional sports. Your risk from loss is one of the most important changes you will face. Professional athletes face a number of critical insurance issues, and with the help of insurance professionals and advisors, ARM will assist you in building an insurance plan designed to meet your unique needs.
- Disability: Disability insurance is the first area of concern for a professional athlete. Teams and unions may provide basic indemnity, but additional coverage may be required. Deciding the amount you need may depend on where you are in your career. Only a handful of companies specialize in disability insurance for athletes, and ARM works with these companies to find the policy that is right for you.
- Personal Liability: An umbrella policy is cost-effective and can cover a number of potential lawsuits that a high-income, high-profile athlete might incur.
- Life: Your need for life insurance will change during your career. As your net worth continues to grow, the need for life insurance may switch from income replacement to estate preservation.
- Home, Auto, Boat, etc.: ARM can assist you throughout the selection process of fundamental types of insurances such as home, auto, boat, etc. The goal is to find a strong insurance company that can offer an appropriate quantity and type of insurance for the best price.