Personal Injury Insurance

Personal Injury

Insurance

There for you when

the dust settles

There for you when

the dust settles

Remove the uncertainty

Review before your Renew

Only when the dust from the heat of competition settles, do most people, if they have been injured, turn their thoughts to what happens next in their life beyond their chosen sport.  It only takes a split second on the field of play to pick up a sports injury that could prevent you from working or be career ending.

Only when the dust from the heat of competition settles, do most people, if they have been injured, turn their thoughts to what happens next in their life beyond their chosen sport.  It only takes a split second on the field of play to pick up a sports injury that could prevent you from working or be career ending.

Remove the uncertainty

Review before your Renew

What is Personal Injury insurance?

Personal injury insurance provides some financial benefit in the event of an injury occurring whilst you are participating in your chosen sport activity (incl. both practice and competitions), including travelling to and from those activities, attending official functions of the sport and while staying away from home during a tour for the purpose of participating in the sport.

The benefits provided under a group personal injury policy can include:

  • death
  • permanent total disability
  • permanent partial disability
  • non-medicare medical expenses
  • loss of income
  • inconvenience allowances
  • various additional ‘add on’ covers.

Who should consider it?

Whether you are a professional or amateur athlete, if you have been injured, what happens next? Has your sporting career ended?, will you have to take time off work and will your income cover any outgoings should this be necessary?

What if you are self employed? What if your injury prevents you from working? These are important things to consider. It only takes a split second on the field of play to pick up an injury that could prevent you from working. With personal injury insurance cover in place you can alleviate the effects of a loss of income.

Even if you are able to work, what if you require physiotherapy? This could be a most unwelcome cost. Wouldn’t it be good to know that your personal injury insurance cover would be there to help lessen the financial sting?

Personal injury insurance cover for individuals, groups and teams can provide cover for injuries such as torn ligaments or a broken bone while playing sport. Injuries picked up can be painful enough without the extra costs.

Not all policies are the same. Exclusions, the excess you need to pay and limits of liability can vary greatly depending on your insurer. That’s why our our specialist broking team members get to know you, enabling them to provide considered advice delivering you the best policy for your specific needs.

Touch base with us to learn how we can help you.

HDL, the right partner for you.

  • Renowned expertise & accountability
  • Stability & consistency of approach
  • Managing complexity
  • Integrated broking and claims
  • Building trust through service
  • Delivering on promises

Seek advice from HDL

For large sporting organisations, there is often a predictable level of risk, in that claims frequency is high and individual claim values are low. Where these conditions prevail it is generally accepted that adopting a non-traditional insurance model utilising an Aggregate Deductible structure offers better costing control and where claims do not exceed the aggregate deductible the sport is able to realize the financial benefit instead of transferring the profit to the insurer.

At lower levels of more predictable risk, insurance is typically a more expensive way of financing those risks. An insurance company will be more expensive than self-insuring at this level because it is required to hold capital against its risks including a margin on estimated losses, it is expected to return a profit to shareholders and its premiums are subject to the State taxes and imposts.

Accordingly it is often beneficial to review structuring insurance programs to incorporate an aggregate deductible.

Contact HDL for advice

Professional Sportsperson - Career Ending Insurance

Working as a professional sportsperson is a high-risk profession and with the amount of dedication and sacrifice needed to get to the top, there is so much at stake that can be lost in an instant. This means that having the right cover is essential. 

Triggered by a career ending injury or illness, a career ending insurance policy pays a tax-free lump sum benefit based on the value insured which is agreed at inception and usually based on value and length of a sportsperson’s contract.

When designing and negotiating the most suitable coverage some points of consideration include:

  • Club and international matches: Coverage that protects you anywhere globally, including when away on international duty, on and off the pitch.
  • Minimal medical exclusions: We ensure minimal medical exclusions are applied to your policy.
  • 24-month claim notification period:  The policy should respond at any point within 24 months of an injury occurring or when an illness manifested itself.
  • No rehabilitation clause: Some policies include a disadvantageous rehabilitation clause, which stops claims once a player has played a certain number of games after an injury or illness.
  • Retraining fund: A financial contribution made towards a player’s vocational education training expenses for another occupation.

Personal Injury insurance can help reduce liability exposures.

For associations and clubs with large numbers of participants, personal injury insurance can assist in reducing the likelihood of potential liability claims, in fact some liability insurers consider the existence of personal injury coverage as a pre-condition of extending liability coverage.

If the Injury policy eliminates out of pocket medical expenses from being paid by the participants and/or parents, that reduces the likelihood that they are going to file a lawsuit against the sports organisation.

Complimentary Review

Review before you Renew

Complimentary Review

Securing optimal insurance protection is becoming more challenging.

Having a fresh set of eyes can make a dramatic difference.  HDL welcomes the opportunity to evaluate and challenge your current risk and insurance program in a confidential manner that avoids disrupting existing relationships.

Insurance Broker

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Our Global Insurance Network

Over 150 Insurers across the globe.

aig2
allianz
Berkley
CGU
Chubb logo
gt-insurance
Hollard-logo
IAL
lloyds-v3
nit
qbe
vero
zurich2