Disability insurance for major league baseball players is a must, due to the high risk of injury resulting in the end of a profitable career. With home plate collisions, rotator cuff tears and knee injuries, baseball players can be injured just like in any other sport.
Due to the competitive nature of major league sports, there is a higher chance of being disabled with a corresponding significant loss of income. Injuries requiring a disability insurance policy don’t necessarily even happen on the field. According to Sports Illustrated,
“Coverage for a major league player will have to supplement their current lifestyle if a debilitating injury should occur, which could mean millions of dollars with a high limit disability insurance policy,” comments
The definition of own-occupation is very flexible and allows athletes (with the assistance of a top insurance lawyer) to select a policy so they may receive full benefits even if they can find another career such as a sports broadcaster or coach. “An individual insurance policy that covers athletes who become disabled and are unable to perform the important occupational duties that they have been trained to perform, is key. This type of insurance policy is contingent on the individual being employed at the time the disability occurs,” (Own-Occupation Policy Definition: Investopedia,
“With spring training fast approaching, baseball players should update their policies or talk to their agent about signing up,” advises Darras. “The potential for serious injury is high, even though physical contact isn’t the typical cause like in hockey or football. Pro athletes should make it a top priority to consult with a disability insurance lawyer who can help them create a policy that meets their best interests.”
Lawyer to the Pros,
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