Sports Tuition Expense Protection (STEP)
The costs of participating in team sports – from youth sports to adult leagues – have skyrocketed.
In most cases, the teams and leagues rely on non-refundable tuition and fees to meet their own significant budgets to pay for coaches, referees, facility rentals, insurance and more. So how do families protect their tuition and fees if an athlete is unable to play? This may be due to injury or sickness of the participant or close family member, or the relocation of the family due to a job change.
Our Protection
Our STEP program provides an easy solution that benefits both the participants’ families, by providing financial reimbursement, and the organizations, by leaving their budgets intact. The relationship between the organization and family is greatly improved and, as an ancillary benefit, this may help alleviate the pressure of rushing back to the game so the athlete can rehabilitate properly.
The program can be placed by the organization for all participants or offered up on an optional basis with a minimal commitment from the organization.
Either way, it offers great protection at an affordable price with limited paperwork.
NFP Sports and Arch Insurance are committed to supporting positive and safe environments for sports organizations and families.
About Arch Insurance
Arch is an A+ rated* insurance carrier providing specialty risk solutions to clients worldwide across a wide range of industries.
* For most current ratings, visit https://insurance.archgroup.com/
About NFP
The Sports and Entertainment Group at NFP represents 170 years of combined experience, billions of dollars in sports and entertainment risk covered, and a commitment to executing on innovative, solution-focused results for clients. Current clients include professional sports organizations across North America – including the National Hockey League for over 32 years, MLB, NFL, NBA, WNBA, ATP and WTA – as well as numerous individual sports franchises and nearly 12,000 professional athletes. NFP also serves the NCAA, over 500 colleges and universities, and more than 2,000 secondary/K-12 schools.
Additionally, NFP provides insurance solutions to film studios, event producers and promoters, entertainers and performing artists, and executives of sports and entertainment-related organizations. This presence in sports and entertainment supports unmatched benchmarking capabilities and specialized market access, which provide the insight and tools required to design, implement and maintain coverage programs that effectively address our clients’ biggest challenges.
What We Cover
