College football insurance policies are big -- but complex -- business
What do these policies cost?
A rule of thumb is about $10,000
for every $1 million in coverage. Previously, the NCAA helped secure a
loan for the premium, which would be paid by the player's family, but a
couple of years ago, that changed when it was discovered that schools
were allowed to take out the policies themselves.
Sources said
that Clemson took out a policy for Watson through International
Specialty Insurance, which has established itself as the leader in the
space, especially when it comes to offering loss of value.
Why do schools pay?
This is now a good way for a school to keep a player who might be scared to return. In other words, the school is saying, if you hurt yourself, we've got your back.
(ESPN.com)
No comments:
Post a Comment