Motor Sports Income
Motor Sports Income
Protection Insurance
Motor Sports Income
Protection Insurance
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* Individual features are subject to policy
It's the help you need to make sure those essential bills are still paid when you're unable to work. When you think of how much (OK, let's be honest - how little) statutory sick pay would come your way after a motorsport injury or any other kind of accident away from the circuit, no matter what your personal circumstances are it definitely makes sense to have some income protection cover in place, just in case.
Some insurance companies cover most sports, but not always motorsports, while other insurers cover against accidents whilst taking part in any motorsport activity. But with our experience and contacts in the insurance industry, we're certain to find the right policy for you.
Yes indeed. Motorsports Income Protection Insurance isn't just to help with income in the event of an injury due to motorsport activities - it's also a form of personal accident insurance, so you've got overall protection should any kind of accident or sport-related injury mean you're unable to work.
It will depend on your circumstances, but you can choose to add:
One of our knowledgeable specialists will help you by first discussing with you your existing circumstances and specific needs, such as:
Once we have this information we will design a personalised package of benefits to ensure you are properly protected, especially whilst taking part in motor sports. Our aim is to protect you, your home, your family and your finances.
When considering what protection you need, much depends on the type of motor sport you take part in - if it's something that could result in broken bones then we'd definitely recommend you take out fracture cover.
This is a policy that will provide you with a lump sum payment of as much as £6,000 in the event of a specified fracture, whether it's a motor sport-related injury or an accident away from the track.
We should mention that not all fracture cover insurance providers cover every kind of motor sport, but we'll make sure you've got complete protection for every type you take part in on a professional, semi-pro or amateur basis - either with combined sports loss of earnings and fracture cover on the same policy, or on two separate motor sports insurance policies.
Absolutely - we deal with companies whose insurance covers any accident whilst taking part in working at height, working with dangerous materials, working in dangerous environments or other kinds of dangerous activities - in fact covering any kind of professional risk, so we can provide you with financial protection if you're unable to work due to an injury at home, at work or at play.
Of course - we can arrange a policy that will give you a regular guaranteed amount so you know your outgoings are covered while you're recovering from your sports injury. And there's no requirement for proof of income when applying.
That's not a question we can answer straight away - there are too many variables to take into account. So we'll talk about two of the most important ones below:
Many insurers offer cover up to retirement age and beyond. However, the difference between short and long-term cover actually relates to the length of time any claim gets paid out for, AKA the "benefit period".
Short-term means payment would typically continue for one, two or five years, while long-term would go on for longer than that up to your chosen retirement age.
So the length of the benefit period will be reflected in the cost of your policy.
As a rule of thumb, the shorter the waiting time between an injury claim and the start of receiving your policy benefits, the higher your premium.
Typical waiting periods are one week, four weeks, eight weeks - or even longer after sickness or a sporting injury if you're receiving sick pay benefits. But it's possible to arrange benefit payouts as soon as any sick pay you've been receiving is reduced or stopped completely.
Most providers offer a maximum benefit of 65% of a policyholder's gross annual income - anything up to £60,000 a year. We'll always source and recommend the best options available to you, so your essential outgoings will be covered safely - and affordably.
Yes, you'll still be eligible for Employment Support Allowance if you have Motor Sports Income Protection insurance, but it could affect the amount of money you receive from some insurers.
Not all insurers offer policies that pay out while you're getting statutory sick pay, or even any other kind of income while you're unable to work, but we do work with many companies that offer payment in addition to SSP.
We've got that covered! No matter how much or how little you earn from your motor sports activity, whether you're pro or semi-pro we'll find you the most suitable and best value income protection insurance policy.
Not all sports accident insurance providers cover semi-professional sports, whether they bring in a few extra pounds on top of a normal workplace salary or bring in substantial earnings on a part-time basis.
But if you're semi-pro, don't worry - we work with many companies that do offer that kind of cover, meaning we'll be able to find the right cover for you so you don't have to worry about loss of income.
Yes you can, even though income protection insurance for professional sportspeople is a very small and specialised market for obvious reasons. Again, we work with companies offering that kind of policy so there are many options open to you, including career-ending insurance cover which pays out an income, lump sum or the remainder of a professional contract.
It only takes you a minute to fill in the online application form. One of our specialist insurance advisers will then call you to confirm your present circumstances and your future requirements.
Because we specialise in motorsports insurance we know exactly how to navigate the complexities of comparing so many sports accident insurance policies offered by so many of the UK's leading insurance companies.
First, we get to know you - your lifestyle, your requirements, the motorsport accident injury risks you could face and whether your employment could be deemed high risk.
Then we'll discuss how much you'd need each month to get your bills paid and add a bit more on top in case of emergencies.
Once we've got that information we look for the most suitable policy or policies for you to choose from, and then come back to you with our recommendations. We'll help you make the right decision based on variables such as waiting periods, levels of benefit and of course your budget.
When you've made your decision we'll go straight back to your chosen insurers to get your application accepted so you're covered right away.
Usually, once any kind of insurance policy is up and running, the contract specifies the claims process and payments are strictly between the claimant and the insurer.
But unlike so many other brokerages, once we've found you the most suitable insurance we're always here to help.
We can order a claim form for you from your insurer, and in many cases, we can help you complete it correctly to avoid any kind of problems later on.
Our access to the UK insurance market means we can find you the most suitable coverage at the best available price - and fast.
We are the sports specialist insurance broker and we've been dealing with insurance companies for every kind of motor sports activity for more than twenty years, so we've got the knowledge and experience of how sports insurance companies operate.
Should you ever need us, you can rely on our excellent handling of any claim process.
Our team of experts is ready to find the best motor sports income protection cover for you. so all you need to do to get started is complete our simple online form for your free quote today.