Description
Risk Management
Reducing Financial Risk for Athletes, the Sports Industry and the Economy, with simplicity and transparency.
Financial future
Guaranteeing a future for Athletes and their families in case of serious accidents or even death.
Protection
Protecting the resiliency of Industry Players, helping them to remain as solid as rock in case of adversity.
Featured Coverages:
Permanent Total Disablement / Accidental Death (PTD/AD) – Financial safety for the Athlete’s family in case of a
career-ending injury or accidental death.
- Coverage for the case of permanent total loss of working capacity as a professional Athlete;
- Insurance pay-out maybe up to 5 annual salaries;
- All Athletes on Roster may be insured or key Athletes only.
Permanent Total Disablement / Accidental Death (PTD/AD) – minimising financial losses for the Athletes and the clubs in cases
when a player suffers an injury as a result of which Athletes may not perform their contractual obligations.
- Coverage for the case of temporary total loss of working capacity as a professional Athlete;
- All Athletes on Roster may be insured or key Athletes only.
- Financial protection– in case of 100% disability, Athletes’ salaries are paid by Insurers (standard = 30 days, after the first 30 days paid for by Clubs).
Temporary Total Disablement (TTD)
- Coverage for the case of temporary total loss of working capacity as a professional Athlete;
- All Athletes on Roster may be insured or key Athletes only.
- Financial protection– in case of 100% disability, Athletes’ salaries are paid by Insurers (standard = 30 days, after the first 30 days paid for by Clubs).
License Insurance – a single insurance product providing coverage to Athletes under license for a series of specific injuries in relation to: MRI, Broken bones, Ligaments, Surgeries, Rehabilitation.
- One Policy for all licenced players;
- Lump sum payouts
- x10 times cheaper than buying individually (premium starts from 10 EUR per insured person)
- Stable income (License fee + Administration fee from insurers)
Advantages
- Colemont experts have the outstanding experience in professional sportsmen insurance and are considered to be the best in the Professional Sportsmen Insurance field in the Baltics.
- 5 annual salaries-size benefit in case of a career-ending injury.
- More attractive contracts to sportsmen, because in case of a serious injury not short-term but long-term financial security is guaranteed.
- The clubs would have available money to buy an equivalent player, who could replace the injured one.
- Highest financial guarantees to the player (salary) in case of injury, because coverage is guaranteed by Lloyd‘s of London (A + rating insurer)
- Exclusive insurance terms to sportsmen. Nobody else in the market can offer such.
- Experience and knowledge in handling significant claims and payouts.
Arvydas Sabonis
Basketball player, Olympic and world champion, President of the Lithuanian Basketball Federation
Colemont has proven to be a reliable partner, professionally insuring and handling complex injuries to players. We are glad that this company also contributes financially to the development of Lithuania's young basketball talents.
Claim examples
- Well known basketball player suffered a severe shoulder injury due to which could not play basketball for about 6 months.
- Amount of loss made a five-digit number.
- Due to injured 4 players temporarily left football team during one week.
- It took 2 to 6 months to treat the injuries. The club received the insurance benefit from insurance company. The budget money for the salaries of players with injuries were intended to attract the new players to the club.
