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International Specialty Insurance

Specialty Insurance Products

Athletes Insurance

Athletes make their living putting their bodies on the line each time they slip on the uniform.

Whether a contact-related injury as a running back, or a repetitive motion injury as a major league pitcher, athletes need to protect their salaries and their personal assets. Fortunately we offer a variety of insurance products to meet your needs. ISI also provides coverage for teams and team contracts.


Disability Insurance

Permanent Total Disability

Permanent Total Disability protects athletes or teams against career ending injuries or illnesses. Before benefits are payable, a physician must certify that the injury or illness is career ending after a certain waiting period such as twelve months.

ISI’s PTD benefit can be coupled with a TTD policy, to be payable after the monthly benefit ceases.

  • Policy Terms up to 3 years
  • 24 Hour, Worldwide Coverage
  • Accident and/or Sickness
  • College Draft Protection
  • On and Off the Field
Case Study

A basketball player is in the final year of his contract and is looking to sign a lucrative long-term deal at the end of the season. International Specialty Insurance provided a $10,000,000 lump sum disability policy to protect the player for his final season under contract in the event that he suffered a career-ending injury or sickness during the season.

Temporary Total Disability

Temporary Total Disability protects athletes or teams against the inability of a player to perform due to injury or illness for a short period of time such as a season. This kind of coverage allows teams to pay athletes even when they can’t play. Teams also use it as a powerful incentive when trying to attract new players.

Case Study

A professional race team signed a driver to a guaranteed contract for the season. They are concerned that if the driver is unable to race due to an injury or sickness which keeps him off the track for the rest of the season, they will still have to pay the driver and may also have to engage another driver to replace him. The team purchased a Temporary Total Disability policy to cover this eventuality.

Loss of Value Disability

Loss of Value Insurance is a personal accident policy designed to protect a player’s current market value while they play out their final season under their current contract as they head towards free agency. The Insurance agrees to protect 50% of a player’s expected next contract against the perils of injury, illness, or death.

Case Study

A professional basketball player heading into free agency is expecting to sign a $50,000,000 contract next summer. He begins to wonder what would happen if he gets injured or sick before signing this contract. International Specialty Insurance was able to provide a Loss Of Value policy to the player, which protected his future value until such time as he signed that guaranteed contract.

Life Insurance

Accidental Death and Dismemberment (AD&D)

Accidents happen every day, sometimes serious enough to cause a critical injury, or even death. International Specialty Insurance’s Accidental Death and Dismemberment Insurance is offered to individual athletes or teams to help alleviate the financial burden that can result from a serious accident. In the event of accidental death, this insurance will pay benefits in addition to any life insurance held.

  • High risk events
  • 24 Hour, Worldwide Coverage
  • War and Terrorism Coverage
  • Benefit amounts exceeding $75,000,000 per person
  • Policy Terms of 30, 60, 90 days or up to 3 years
Case Study

A professional basketball team was looking to protect the guaranteed contract made to a key player. Life insurance through the traditional markets was unavailable due to a heart condition. International Specialty Insurance was able to secure a $25,000,000 Accidental Death and Dismemberment policy to cover the player, but with the team as beneficiary.

Interim Life Insurance

International Specialty Insurance provides Failure to Survive insurance (also known as Confidential Life) as an alternative to traditional life insurance for teams and corporations. Failure to Survive was designed to provide an immediate solution to your life insurance needs. While traditional life underwriting often takes many weeks to complete, Failure to Survive can be accomplished in a matter of hours.

  • Policy Terms of 30, 60, 90 days or up to 2 years
  • 24 Hour, Worldwide Coverage
  • Benefit amounts to $50,000,000 per person
  • War and Terrorism Coverage
  • Accident & Sickness
  • Must be third party owned with contractual obligation
  • No Medical Exam Required
Case Study

A professional ice hockey team was looking to protect the guaranteed contract made to a key player. Since the team’s commitment to the player was immediate upon signing the contract, Interim Life Insurance was required. International Specialty Insurance was able to secure $10,000,000 of Failure to Survive coverage for 60 days while the life underwriting was completed.

Contingency & Specialty Insurance

Contractual Bonus

It is not uncommon for teams or sponsors to offer contract incentives in the form of large bonuses for athletes who exceed certain predetermined high level goals or statistical benchmarks. Insurance can be purchased to fund these bonuses in the event the athlete achieves the goal.

Case Study

A sponsor of a motor racing team agreed to award a win bonus to the rider for every podium finish achieved during a 20 race season and if the rider won the championship. The maximum possible loss was calculated and ISI provided coverage, excess of a deductible, which allowed the sponsor to enjoy the racing season without fear of having to pay the bonuses if the driver was successful.

Kidnap and Ransom

Kidnap and Ransom insurance protects corporate executives, business owners and celebrities against the financial consequences of a kidnap, illegal detention or extortion. International Specialty Insurance provides Kidnap and Ransom insurance coverage to help mitigate this risk and works with the world’s leading crisis management response groups to help provide a safe and peaceful solution to a terrible experience.

Typical Clients:
  • Banks and financial services companies
  • Oil, gas and petrochemical companies
  • Foreign aid companies
  • Security companies
  • Mining and construction companies
  • High net worth individuals
  • Pilots
  • Celebrities including the stars of the stage, screen and athletes
Death, Disablement and Disgrace

Coverage is purchased by companies to protect their expenses incurred in connection with an advertising campaign, product endorsement or sponsorship contract where a celebrity is used to promote a product or service. The death, disablement or disgrace of the celebrity during the campaign could lead to the withdrawal of the campaign or cancellation of the endorsement or sponsorship contract with consequent loss to the company.

Case Study

A well known manufacturer of sporting equipment engaged a well known athlete to promote their product for a two year period. The fee paid to the athlete was guaranteed by the company and coverage was arranged to protect the Assured against the cancellation or withdrawal of the promotion in the event of the death, disablement or disgrace of the athlete during the promotion.


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