Our strength and focus is providing insurance and risk management solutions for high net worth individuals, especially professional athletes. We service the needs of more than 350 professional athletes and our senior professionals average 15 years of experience. In partnership with sports agents and business advisors, we help provide complete asset protection for the athletes.
Our capabilities include but are not limited to:
- Aircraft for owned and chartered
- Animal Mortality and Liability
- Auto Insurance
- Collector Car Insurance
- Construction Bonds
- Domestic Workers’ Compensation
- Earthquake Deductible Buy Back
- Employment Practices for domestic employees
- Equipment Breakdown
- Excess Liability/Umbrella
- Identity Theft
- Landlord protection
- Non Profit Directors & Officers Coverage
- Private Car Racing
- Recreational Vehicles
- Renter’s Insurance
- Security assessments for all aspects the athlete’s life
- Watercraft for owned and chartered
- Workers’ Compensation for domestic staff
Case Study: Instant Replay
A pro football player suffered a water damage loss in his secondary residence. The insurance company denied the claim due to a technicality in the policy contract. A member of our internal claims department, reviewed the policy and successfully negotiated a claims resolution in favor of the client. The carrier changed its position and paid the claim.
Case Study: He Shoots, He Scores!
A business manager called Momentous to see if we could improve on the insurance coverage being provided by another broker. The client was a young, top scoring NHL Player, who was having difficulty getting affordable auto insurance because he hadn't been licensed long in the U.S. He previously had an international driver's license. In record time, Momentous reviewed the insurance portfolio, consolidated the policies and broadened coverage by adding flood insurance and an umbrella policy. Finally, through negotiation with our insurance carrier, we saved the client around 20% in premium.
Going the Extra Yard
After being declined by several insurance companies for his personal insurance coverages, a very prominent NFL player and his team of advisors contacted Momentous Sports Division for assistance. The insurance companies considered the player to be a "high risk" due to a combination of his high profile, lucrative contract and young age. In an effort to combat this assessment, our Personal Lines team worked diligently with the athlete and his financial advisors to create a presentation that would clearly demonstrate why the insurance company should insure this particular athlete. The presentation provided detailed insight on trends and statistics, and further empirical data related to high profile athletes. After we presented this to the insurance company, they reconsidered their original assessment of the risk and offered terms to the athlete, who is now our client.