Risko Strategies LLC, a Houston-based boutique risk advisory/insurance agency, has introduced Sportify, a contingency insurance policy for elite high school and college student-athletes, underwritten at Lloyd’s of London.
The company said the product protects the athletic scholarship offers should a sports-related accident result in a permanent disability or a named illness prevent student athletes from financing their education due to their inability to participate under a college sports scholarship. Sportify allows an athlete, his/her parents, or a higher education institution to “insure” the sports scholarship offer/award with a high limit lump sum payout.
Sportify is neither life nor medical insurance. The product seeks to cover the athlete not only, and merely, upon signing a national letter of intent (NLI), but also during the high-risk stage of the scholarship recruitment process; as indicated by the Sportify insurance eligibility application criteria.
Houston, Texas-based and founded in 2011, Risko Strategies LLC provides risk management and insurance services. Its advisors have decades of experience in specialty risks, private client, and international and complex insurance products and services. It is staffed with fully bilingual personnel that serves English/Spanish-speaking clients in the USA and the Americas.
Source: Risko Strategies
Was this article valuable?
Here are more articles you may enjoy.
Catastrophe Bonds’ Huge Market Gains Put Reinsurers on Backfoot 
Alaska Airlines Vows IT Upgrades After Outage Forces 400 Flight Cancellations 
Suspects in Louvre Heist in Custody After Week-Long Manhunt 
Florida Jury Awards Jack Nicklaus $50M in Defamation Suit vs. His Former Company 
