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young kids at a soccer camp doing speed drills

Involved with team sports? You need insurance that provides ‘true peace of mind’

Team sports is inherently a high-risk activity. Athletes are running, jumping and colliding. Tempers flare. Accidents and injuries happen. Parents and spectators sometimes exhibit bad behavior.

And always lurking in the background are unscrupulous plaintiff lawyers watching for opportunities to file lawsuits.

That’s why those involved with team sports – especially league, club and association leaders, along with coaches, trainers and tournament managers – need insurance coverage customized for them.

Here are five things sports leaders should seek in selecting an insurance company that will provide “true peace of mind”:

  1. The company must fully understand team sports and the inherent risks.
  2. The company must cover everything – no gaps and exclusions in your policy.
  3. The company must be willing to fight for you in court, if needed, rather than rushing to settle a frivolous lawsuit.
  4. The company must be a true partner in customizing the precise liability coverage you need.
  5. The company must collaborate with you and suggest ways to structure your operations and write liability waiver agreements that protect you from claims.

Specialty insurance broker XINSURANCE, with Rick Lindsey as CEO, focuses on covering high-risk activities like team sports. Lindsey believes insurance should provide true peace of mind while individuals pursue their passions and dreams. That requires a creative and collaborative approach to “insure the uninsurable” and fill coverage gaps.

“I have always believed that insurance services are critical to society and must be there when protection is needed,” Lindsey says. “Without strong liability coverage, few people would take risks. Insurance provides the lubrication that makes the economy work, especially in high-risk activities. We love to work with team sports organizations.”

Lindsey is frequently asked how XINSURANCEcan be profitable while insuring high-risk activities like team sports that many other companies avoid. The answer, he says, isn’t anything magical. It is simply executing first-class business practices such as getting the little things right; understanding the client’s operations; fighting for the client; training, enabling and motivating capable employees to perform well; and creating a business culture of excellence and pride.

While Lindsey has no hesitancy to settle claims and lawsuits when warranted, he says insurance companies should go to court and fight hard for clients who are in the right, even if it costs more. “Companies should use our legal system defeat frivolous or exaggerated claims,” he says. “The rush to settle even specious claims is hurting sports teams and the insurance industry.”

Insurance companies should also proactively help clients avoid problems by providing legal and risk management support, Lindsey says. This includes reviewing client processes and legal agreements, like liability waiver forms. Claims are less frequent when clients run safe, well-managed operations.

Sports leaders should carefully examine existing policies for exclusions and gaps that might leave them vulnerable, Lindsey says. True umbrella insurance can fill those gaps to provide airtight protection.

Lindsey believes personal relationships, integrity and character should matter in the insurance industry. It’s a winning formula for sports leaders who want to focus on athletes and competition — not lawsuits.


Rick LindseyReviewed by Rick Lindsey, President, Chairman, and CEO of XINSURANCE

Rick Lindsey hails from Salt Lake City, Utah. He began working in the mailroom of his father’s Salt Lake City insurance firm, getting his introduction to the business that became his lifelong career. Lindsey quickly rose through the ranks while working in nearly every imaginable insurance industry job. As an entrepreneur, specialty lines underwriter, claims specialist, risk manager, and a licensed surplus lines broker, Rick Lindsey is highly skilled in all levels of leadership and execution. As he progressed on his career path, Rick discovered an urgent need for insurers willing to write policies for high-risk individuals and businesses. He was frequently frustrated that he could not provide the liability protection these entities desperately needed to safeguard their assets. He also formed the belief that insurance companies acted too quickly to settle frivolous claims. Lindsey decided to try a different approach. He started an insurance company and became the newly formed entity’s CEO. This opportunity has enabled Rick to fill a void in the market and provide a valuable service to businesses, individuals, and insurance agents who write high-risk business. XINSURANCE also specializes in helping individuals and businesses who live a lifestyle or participate in activities that make them difficult for traditional carriers to insure. If you’ve been denied, non-renewed, or canceled coverage, don’t give up quite yet. Chances are XINSURANCE can help.