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two young kids are playing football

Sports teams need one more team member: Insurance company to win off-field battles

Team sports competition at all levels delivers enormous societal benefits, including entertainment, community pride, and life lessons for young people  — the value of hard work, grit, teamwork and “the thrill of victory . . . the agony of defeat.”

Team sports leaders would certainly prefer to focus on players, games and the great value of sports, rather than the dark side – the threat of unscrupulous lawyers filing frivolous lawsuits over any injury or accident.

That’s why sports leaders need the right liability insurance company on their team to protect themselves and their coaches, trainers, tournament managers, and even parents and players.

Here’s a brief checklist to make certain you, your staff, team leaders and other personnel stay safe by engaging a skilled and experienced insurance teammate to provide maximum protection:

  1. Carefully review existing insurance policies to detect gaps and exclusions in coverage.
  2. Make certain liability limits are sufficient to cover possible claims.
  3. Revise and improve operations and systems, including legal agreements, to pro-actively manage risk and prevent lawsuits.
  4. Choose an insurance company that will deal forthrightly with legitimate claims, but will fight like a tiger against frivolous and unreasonable lawsuits.
  5. Engage a company that is knowledgeable about team sports, will work as a team member, and will customize a policy that precisely fits your needs.

Because some of these checklist items are technical and legalistic, you need a company that is transparent and honest, that fully understands the team sports industry, and that can clearly explain your options – so you can enjoy complete peace of mind.

XINSURANCE, a specialty broker, covers high-risk outdoor activities nationwide, including team sports. CEO Rick Lindsey says an excellent insurance company will provide great customer service and will fight hard for clients. Over many years, Lindsey and his team have developed methodologies and procedures to protect clients involved in high-risk activities that are likely targets of lawsuits.

The first step is working with clients to detect gaps and exclusions in coverage. Insurance companies should also provide wise legal counsel and help clients revise operations and systems to manage risk. Business processes like underwriting, policy issuance, risk management, legal work, and claims adjudication should be handled in-house to ensure efficiency and speed.

The danger of being targeted by unscrupulous lawyers is growing. They advertise on TV every day, seeking to exploit any accident or injury. Especially vulnerable are coaches, trainers, tournament organizers and league and club leaders.

This tsunami of litigation is increasing the cost of insurance and making some insurance companies fearful of insuring high-risk activities.  Lindsey says such fear is unwarranted. Exaggerated claims should be fought in court. Settling too quickly encourages more frivolous lawsuits and costs more in the long run.

“I love sports and enjoy being part of the team,” says Lindsey. Sports leaders love to win on the field. But they will only enjoy true peace of mind with a good insurance teammate to help win critical contests off the field.


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.