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Insurance – The Footballer’s Dilemma and a Partners& Solution

It is no secret that many footballers have been the victims of burglary. A combination of perceived wealth and a fixture list which outlines when the player will not be at home leaves players vulnerable. The theft itself would be traumatic, however the potential value of the theft often means that these are high-profile, violent attacks whilst the family are at home. The thieves predominantly target jewellery and watches, with some claims in the hundreds of thousands of pounds.

Current Market

The reaction of the insurance market has been to steadily remove cover for footballers, in particular those from the Premier League. Six or seven years ago it would have been relatively easy to place cover for a footballer, however in the current market it is extremely difficult, if not impossible, to find the right insurance solution in the mainstream Private Client market.

Solution

In the spirit of collaboration Partners& have put together a combined security and insurance solution that offers family reassurance and resilience.

Security

Incorporating an independent security review into the process ensures that the player and their family can be comforted by the fact that they are taking positive action to protect themselves both from physical threats and the ever-increasing dangers of cyber-attacks and social media.

Following the survey, the security company will provide a clear, straightforward report that analyses the threat, examines the risks facing the client and suggest mitigation measures to reduce those risks.

Insurance

Not only does the security survey reassure the player, but it also offers confidence to the insurer, which allows them to provide a comprehensive insurance solution to the client, including cover for high-value items such as jewellery and watches.

Indeed, it is possible to insure buildings, contents, collections, jewellery, cars and holiday homes with one point of contact, one payment and one renewal date.

Benefits

  • Expert advice across all aspects of security and risk management to deliver reassurance and family resilience to the client.
  • One point of contact for all their insurance matters
  • Ability to insure high value collections.
  • Saving time and hassle via one renewal date