The Summer Olympics are in full swing in Paris! Go TEAM USA! We’ve been having fun cheering on the olympians – and of course, thinking about what kind of insurance must go into all of the events!

Olympic athletes have unique insurance needs due to their high-risk profession and global travel. Here are some types of insurance an Olympic athlete might need:

1. Health Insurance: Covers medical expenses, including routine check-ups, treatments for injuries, and any necessary surgeries. It’s essential for athletes who frequently deal with physical injuries.
2. Disability Insurance: Provides financial support if an athlete is unable to compete due to injury or illness. This can include short-term and long-term disability policies.
3. Travel Insurance: Essential for covering medical emergencies, trip cancellations, and lost luggage during international travel for competitions.
4. Life Insurance: Offers financial protection for the athlete’s family in the event of their untimely death. This is particularly important for athletes with dependents.
5. Accident Insurance: Provides additional coverage for injuries sustained during training or competitions, which might not be fully covered by standard health insurance.
6. Personal Liability Insurance: Protects athletes against claims of bodily injury or property damage they might cause to others, which can be crucial during international events.
7. Equipment Insurance: Covers the cost of repairing or replacing expensive sports equipment that is essential for their training and competitions.
8. Income Protection Insurance: Ensures that athletes receive a portion of their income if they are unable to compete and earn due to injury or illness.
9. Sponsorship Insurance: Protects against the financial loss if an athlete’s sponsor withdraws support due to injury, scandal, or other unforeseen events.
10. Event Cancellation Insurance: Provides coverage if an athlete’s scheduled event is canceled or postponed, affecting their travel and accommodation plans.
11. Homeowners or Renters Insurance: Covers personal property and provides liability coverage for athletes when they are not traveling.

If you’re an athlete and have insurance questions, our friendly professional team is here to help! Reach out today and we’d be happy to assist you!