Lockton Professional Sport Brochure Protection for Professional Athletes, Clubs, Leagues and Associations
About Lockton Lockton is the world s largest privately owned global insurance broker. Our focus is to our clients rather than external shareholders. As a private company we can make long-term decisions that benefit clients and improve service delivery. Our 6,000 associates help 48,000 clients in over 125 countries. Placing over $21 billion of insurance premiums. Clients value Lockton s bespoke solutions, innovative ideas and great service rather than efforts to sell more products. StrategicRISK s 2015 UK Corporate Insurance Buyers Survey (a survey of insurance buyers in FTSE 250 companies) ranked Lockton top of all brokers for client responsiveness. For six consecutive years, Business Insurance magazine has recognised Lockton as a Best Place to Work in Insurance. Our client retention rate of 96% speaks for itself. The Lockton company structure has produced a unique culture where creative, driven and proactive people can thrive, and where client advocacy and service are of paramount importance. We empower our associates to think independently. By looking at our client s business differently, we add value. It is our people that make the biggest difference. That s why we recruit based on attitude and ambition. We look for people who want to make things happen. Who want to be the best in their area. Who are intelligent and insightful. Who are able to forge meaningful and deep relationships. Who enjoy delivering great service. A Global Overview Over 6,000 associates 90% reinvestment due to our private ownership Over $21 billion premiums placed Clients in over 125 countries Over 50,000 clients 80+ offices worldwide Exceptional client retention rate (96%) Over $1.34 billion revenues Over 10% annual organic growth since 2000
Lockton Accident, Health, Sports & Contingency Division With over 100 years experience in the Insurance market between us, the Lockton Accident, Health, Sports and Contingency broking team are widely respected within the Lloyd s and company market community enjoying long term and close relationships with all of the major insurers for this class. Our extensive experience in this class of business enables us to understand your needs, exposures and the most advantageous market for your requirements both in the UK and abroad. Our Lockton Sport specialists handle business for clients ranging from Individuals, Teams, Clubs and Leagues through to National Teams, Players Associations and Sporting Brands. Lockton Sport work with clients to develop bespoke insurance programmes allowing them the freedom to achieve the maximum from sport, whilst ensuring their financial interests and risk exposures are protected should something go wrong. Lockton is the global Insurance partner to Soccerex - a leading events provider and the business hub for the world s football industry. Soccerex was launched in 1996 by Duncan Revie, the son of Don Revie, the late and great England and Leeds United manager. We are delighted to have Lockton on board as our global insurance partner. We feel that Lockton provides an excellent fit - due to its wide range of insurance specialisms, its service-based culture and its worldwide network.
The Lockton Sport Team We have built our firm around a unique business model and approach that puts client service above all else. Lockton s client service is unique amongst its competitors because we separate client service from sales and business administration leaving your service team free to focus on your needs. We have invested significantly in talent across the business, to provide in-depth market knowledge, innovation and great technical expertise. In the complex environment in which we trade, specialist practitioners are essential to ensure cutting edge delivery of the very best products. Key Contacts Michael Owen Senior Vice President 020 7933 2108 michael.owen@uk.lockton.com James Summerfield Assistant Vice President 020 7933 2538 james.summerfield@uk.lockton.com Brett Garrard Producer 020 7933 2047 brett.garrard@uk.lockton.com Bruce Hogg Assistant Vice President 020 7933 2047 bruce.hogg@uk.lockton.com
Testimonials I have been with Lockton throughout my professional football career. The service I receive is first class and they are always available to offer me the best advice. Wayne Routledge Swansea City FC I have a policy through Lockton to protect my professional football career and I would recommend them strongly to any player within the game. The Lockton team have always given me the most reliable and friendly service. Luka Modric Real Madrid and Croatia I had a Career Ending Insurance policy provided by Lockton to protect my future earnings from the game. Thankfully this proved to be essential following my enforced retirement from professional football as a consequence of injury. My advice to all players will always be insure against the possible loss of your football career. I did and the team at Lockton handled my claim with great efficiency throughout a traumatic period. Neil Clement Former West Bromich Albion FC and Chelsea FC
Protection for Professional Sport The products we are able to offer are designed by sports enthusiasts for sports people and the environment in which they operate. We can arrange cover for the following: Individuals Teams, Clubs and Leagues Associations Event Organisers Sponsors Our main speciality is Personal Accident cover, consisting of several products such as; Accidental Death, Death by Natural Causes, Permanent Total Disablement, Temporary Total Disablement and Catastrophe Coverage. However, we can arrange protection for all risk exposures within Professional Sport and frequently place products such as Liability, Property, Medical Expenses, Travel, Contingency and Kidnap and Ransom. Whatever the sport and whatever the risk, we will strive to find a competitive solution to your Insurance needs.
Personal Accident Products Accidental Death Provides a benefit payable as a tax-free lump sum if the Insured suffers a death by an accidental bodily injury. The policies are typically written on a 24 hour, worldwide basis including whilst on International duty. Example: A professional athlete losing their life in a car accident. Death by Natural Causes Offering a benefit payable as a tax-free lump sum to the beneficiary if the insured suffers a death by natural cause - for example death following a heart attack or cancer. Example: A professional athlete suffering respiratory failure, leading to cardiac arrest and their death. Permanent Total Disablement (also known as Career-Ending Protection) This cover provides a benefit payable as a tax-free lump sum following an accidental bodily injury or sickness, which permanently ends the career of the Insured. The policies are typically written on a 24 hour, worldwide basis including whilst on International duty. Example: A professional athlete suffering a serious knee injury and being unable to return to full fitness, therefore resulting in the end of their professional career. Temporary Total Disablement (also known as Wage Protection) Offers compensation equivalent to the Insureds salary or less following an accidental bodily injury and/or sickness that temporarily prevents the Insured from continuing their career. An agreed Excess Period would be applied - typically 30 to 90 days each and every loss and an agreed Benefit Period would be payable - for example 52 weeks or 104 weeks. Examples: A professional athlete suffering a ruptured anterior cruciate ligament meaning they could be out of action for around 6 months. A motor racing driver suffering a serious head injury following a collision and being unable to compete for a significant portion of the season. Catastrophe Coverage Offering an agreed benefit payable as a tax-free lump sum to the club or national association in the event of a catastrophic disaster resulting in the death and/or permanent total disablement by an accidental bodily injury of an agreed number of player s. Example: An aeroplane carrying a squad of professional athletes crashing, leading to a significant number of fatalities.
Additional Products Liability Provides protection from claims arising from injuries or damage to third parties and/or their property. It s extremely important that the appropriate protection is in place against claims by third parties, particularly as there is usually significant numbers of people visiting professional sport facilities and Stadia. Public Liability Employers Liability Professional Indemnity Director and Officers Property All physical assets, such as training grounds, stadia, commercial property need to have protection against insured perils. Covers most risks to property, such as fire, theft and some weather damage. Material Damage Consequential Loss Contents/Stock Portable Items Burglary/Theft Money Glass Information Technology Motorsport From HPDE enthusiasts, amateur racers, classic car owners and event organisers to professional race and rally teams, associations and clubs, individual competitors and officials. Personal Accident for competition and practice Medical Repatriation and Travel for competition and practice Storage and transit of vehicles Track Days Public/Products and Employers Liability Circuit Operators
Travel Can protect individuals or groups of individuals for losses or expenses incurred whilst travelling and can be arranged for a single trip or for an unlimited number of trips within a set time frame. Medical Expenses/Medical Evacuation Cancellation and Curtailment Expenses Personal Accident Kidnap and Ransom Contingency A niche Insurance covering a wide variety of risks for events, contractual bonuses, marketing and promotional based risks. Event Cancellation Contractual Bonus Prize Indemnity Hole in One Weather Risks Lottery Risks Kidnap and Ransom Professional Sport has long been a major target for kidnapper s with professional athletes as well as their families at risk of kidnap, detention and extortion. Kidnap Extortion Detention Hijack Personal Accident (as the result of an Insured event)
Claims The broking team are backed up by one of the most highly respected claims team in the market, the majority of staff have been with the company for over 10 years and are well known for their ability to settle claims efficiently and professionally. Amongst many of the complex claims they have handled was the World Trade Centre loss for the world s largest financial services house where the claim was settled 6 months ahead of any other major WTC settlement in the market. There is a very strong claims ethos within Lockton. Our Claims approach is built upon an inclusive and integrated basis, thus ensuring that our claims specialists have been involved in the programme design well before a major loss occurs. This allows for any potential problems to be addressed before, rather than after the event. Strategic claims management is essential in handling any loss for our clients, whether on a layered or single policy programme. Of course, our ultimate role in the claims arena is heavily dependent upon the final programme structure, level of self-insured retention and similar considerations but notwithstanding any such factors, we are above all our clients advocates in the Insurance market. Our Role in claim management is to support and partner your in-house team. We have dedicated teams with expertise and knowledge to work with our Clients to enhance the claims process. Our objectives are: To manage and resolve claims in the manner which achieves the best result within the shortest possible timeframe To provide appropriate support, guidance and advice from notification until claim conclusion in a timely, proactive and efficient manner To draw on our relationships with insurers and loss adjustors as necessary with the aim of ensuring that our client s losses are appropriately investigated, reserved and managed to fair and appropriate conclusion To provide: Claims Services Claims Advocacy Claims Executive Services Management Information and Claims Analysis Claims Consultancy
As well as the information contained within this booklet regarding Sport, the Accident, Health, Sports and Contingency Division also has expertise in the following areas. Non Sport - Accident and Health Personal Accident and Sickness Accidental Death Term Life Travel Schemes Healthcare Occupational Event/AIDS/HIV covers Dread Disease/Critical Illness Long Term Disability Key Person cover Loss of Licence Evacuation/Repatriation schemes Credit Card Schemes (Personal Accident/Travel/Purchasers Protection and Collision Damage waiver) Key Contacts Larry Spurgeon Partner 020 7933 2144 larry.spurgeon@uk.lockton.com Lee Folkard Assistant Vice President 020 7933 2603 lee.folkard@uk.lockton.com
Kidnap & Ransom Kidnap & Ransom Corporate Extortion Transit of ransom monies Legal Liability Additional expenses Personal Accident Unlimited expenses of Crisis response Consultant Corporate cover Individual or family cover Expatriates Business travellers Key Contacts Larry Spurgeon Partner 020 7933 2144 larry.spurgeon@uk.lockton.com Tim Iles Assistant Vice President 020 7933 2289 timothy.iles@uk.lockton.com
Contingency Hole in One Contractual Bonus Death and Disgrace Event Cancellation Non Appearance Lottery Risks Prize Indemnity Over Redemption Insurance Weather Risks Revenue Protection Key Contacts Richard Woods Senior Vice President 020 7933 2009 richard.woods@uk.lockton.com Robert Barron Assistant Vice President 020 7933 2715 robert.barron@uk.lockton.com
Notes
Our mission To be the worldwide value and service leader in insurance brokerage, risk management, employee benefits and retirement services Our goal To be the best place to do business and to work Lockton Companies LLP. Authorised and regulated by the Financial Conduct Authority. A Lloyd s broker. Registered in England & Wales at The St Botolph Building, 138 Houndsditch, London, EC3A 7AG. Company No. OC353198. www.lockton.com