With the cost of living steadily increasing, and no end in sight, consumers are tightening their belts in areas like vacation, leisure, and competitive sports. But we all know, life happens. Players get sick or injured, parents lose their jobs or must relocate for their job. When this happens it is difficult to collect funds when the athlete is no longer a part of the program. When players financial obligations are protected with Sports Fee Insurance by USSCI, the financial investments made into the sports program are guaranteed to both the club and the parent.
Revenue protection insurance (Sports Fee Insurance) for your registration fee income has become a standard insurance policy within the youth sports community over the last several years. This type of insurance provides coverage to protect against losses due to uncollected fees or refunds when an athlete is forced to quit the program.
This type of insurance policy has become one of the most valuable risk management tools for youth sports clubs across the United States. More than 82 percent of clubs polled say that insurance is a must for their organization. “We utilize this insurance as an option for our parents”, say Steve Sack owner of Michigan Elite “it provides some form of revenue protection for both parties without us needing to raise our fees”.
One of the key components of a Sports Fee Insurance by USSCI is the ability for the club to purchase a policy that protects all of your registration fee revenue or to allow parents to decide the level of protection they need. This option provides less protection, but when offered to your club members it does not cost your club a dime. Increasing your value for your club members is essential when consumer budgets get tight.
Sports Fee Insurance by USSCI delivers innovative solutions and can be offered even if they are not integrated with the registration platform you use. USSCI makes it easy to offer, easy for your families to purchase, and easy to file a claim. Here is a testimonial from a volleyball parent: “When my daughter tore her ACL in high school volleyball and was unable to play with her club volleyball team, we were worried about losing the money we had invested. Thankfully, we had Sports Fee Insurance by USSCI. The claims process was straightforward and stress-free. We received an e-check 12 days after I filed the claim, which helped us manage the unexpected expenses. I highly recommend this insurance to all parents with kids in competitive sports.” -Sarah Johnson, Volleyball Parent.
In today’s unpredictable world, ensuring the financial stability of both your club and its members is more important than ever. By incorporating Sports Fee Insurance by USSCI into your program, you can provide peace of mind and security for everyone involved. This insurance safeguards your club’s revenue and allows parents to protect their investments. Offering this option creates a necessary safeguard for youth sports, ensuring that no family or club is left in financial distress due to unforeseen circumstances. Contact USSCI today to learn how you can get started.
About the Author
Jennifer Pivnick is the President of US Sports Club Insurance, the Official Club Fee Insurance Partner of the JVA. Click here to set up a call with Jennifer to discuss your club and athletes.
