Protect Your Sports Team with Comprehensive Insurance Solutions
Why Every Sports Team Needs a Trusted Insurance Partner
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:
- Carefully review existing insurance policies to detect gaps and exclusions in coverage.
- Make certain liability limits are sufficient to cover possible claims.
- Revise and improve operations and systems, including legal agreements, to pro-actively manage risk and prevent lawsuits.
- Choose an insurance company that will deal forthrightly with legitimate claims, but will fight like a tiger against frivolous and unreasonable lawsuits.
- 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.
Protect Your Team with Tailored Insurance Solutions for High-Risk Activities
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”:
- The company must fully understand team sports and the inherent risks.
- The company must cover everything – no gaps and exclusions in your policy.
- The company must be willing to fight for you in court, if needed, rather than rushing to settle a frivolous lawsuit.
- The company must be a true partner in customizing the precise liability coverage you need.
- The company must collaborate with you and suggest ways to structure your operations and write liability waiver agreements that protect you from claims.
Get a Customized Insurance Quote Today and Safeguard Your Team!
XINSURANCE, led by CEO Rick Lindsey, specializes in high-risk activities like team sports, aiming to provide peace of mind to individuals pursuing their passions. Lindsey emphasizes a collaborative approach to “insure the uninsurable” and address coverage gaps.
“I have always believed that insurance services are critical to society and must be there when protection is needed,” Lindsey states. “Without strong liability coverage, few people would take risks. Insurance provides the lubrication that makes the economy work, especially in high-risk activities.”
Lindsey explains that XINSURANCE’s profitability in high-risk insurance stems from first-class business practices, including understanding client operations and fostering a culture of excellence. He advocates for fighting against frivolous claims in court, stating, “Companies should use our legal system to defeat frivolous or exaggerated claims. The rush to settle even specious claims is hurting sports teams and the insurance industry.”
To reduce claims, Lindsey urges insurance companies to provide legal and risk management support, including reviewing processes and agreements. Sports leaders should also scrutinize their policies for exclusions and gaps, as true umbrella insurance can provide essential protection.
Lindsey warns that team sports are increasingly targeted by unscrupulous lawyers, making league and club executives, coaches, and even parents vulnerable to lawsuits. “Even well-run operations have a chance of facing legitimate claims. However, reasonable claims are only a small percentage of all lawsuits. The real risk is the growing number of frivolous claims that must be vigorously contested.”
He believes in the fairness of the American legal system: “Judges and juries are usually fair. We need to use the system to fight for justice and not just settle because it might be a little cheaper.”
Lindsey encourages sports leaders to review their insurance policies and fill coverage gaps: “Those gaps should be filled with umbrella coverage to provide true peace of mind.”
Authored by Rick J. Lindsey, President, Chairman, and CEO of XINSURANCE
Rick J. 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. Rick J. 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 J. Lindsey is highly skilled in all levels of leadership and execution. As he progressed on his career path, Rick J. Lindsey 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. Rick J. 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 J. Lindsey 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.