Disability Income & Life Insurance

Image of Racing injury leg cast.

We can provide quotes through multiple carrier partners for Disability and Life Insurance including the following (but not limited to): Driver Purchased Temporary Total disability, Permanent Total Disability, Team purchased, and Sponsor Reimbursement Coverage etc...

 

Driver Purchased Temporary Total Disability (TTD) and Permanent Total Disability (PTD)

  • Worldwide 24 hour coverage on and off the track with varying deductibles and multi-year policy terms.
  • Pays benefits on a per race missed and/or weekly or monthly basis to a Professional Race Car Driver who, due to an accidental bodily injury or sickness or disease, is temporarily or permanently disabled as a Driver.
  • Temporary Disability benefit periods can extend to sixty (60) months. Permanent Disability benefits are paid in a lump sum to replace future loss of income. These coverages are available on a stand alone basis or can also be combined to increase the Driver’s overall sum insured.

Team Purchased Temporary Total Disability and Permanent Total Disability Coverage

  • Reimburses a team for any contractual obligations owed to a Driver if he/she suffers an accidental bodily injury or sickness or disease that temporarily or permanently prevents him/her from participating as a Driver.
  • Coverage offers 24 hour worldwide protection on and off the track with varying deductibles and multi-year policy terms.
  • Temporary Disability benefits are paid on a per race missed and/or weekly or monthly basis up to sixty (60) months. Permanent Disability benefits are paid in a lump sum. These coverages are available on a stand alone basis or can also be combined to increase the overall sum insured of the Driver.

Sponsor Investment Reimbursement Coverage

  • Reimburses sponsor on a per race missed basis for a percentage of their investment in a Driver and/or Driver/Team if the Driver, due to accidental bodily injury or sickness or disease, misses a series of races.
  • Varying deductibles with multi-year policy terms are available starting with one race each and every claim.

Sponsor or Team Investment “Non-Appearance” Reimbursement Coverage

  • Reimburses sponsors or teams for their “net ascertainable” expenses if a Driver, due to accidental bodily injury or sickness or disease, misses appearances, photo shoots or other contractual events. Varying deductibles with multi-year policy terms are available from one appearance each and every claim.

Accidental Death Coverage

  • Pays a lump sum benefit if a Driver dies in an accident. This coverage can also be purchased on a group basis for team pit crew members. Multi-year policy terms are available.

Team Driver Replacement Coverage

  • Reimburses the team for the cost of paying a substitute driver in the event the primary Driver, due to accidental bodily injury or sickness or disease, is unable to participate in contracted races. Varying deductibles with multi-year policy terms are available starting with multi-year policy terms are available starting with one race each and every claim

Life insurance and Long Term Care also available