This new enhanced integration has the potential to provide crucial support to youth athletes and their families while creating new potential revenue streams for NGBs (National Governing Bodies).
Amsis are leaders in sports insurance and risk management, and recently launched their ‘COVR’ product line, which has been specifically designed to protect youth athletes and their families.
While youth sports provide countless benefits, from promoting physical fitness to fostering teamwork and discipline, they also come with risks, including injuries that can lead to significant financial burdens for families. Each year, millions of young athletes face injuries that can lead to costly medical bills, lost school days, and emotional stress.
With average annual sports expenses for families in the US already nearing $883 per child, and common sports injuries costing thousands more, ensuring financial protection through consumer insurance is becoming increasingly vital for safeguarding the well-being of athletes and their families.
That’s exactly why we have partnered with Amsis – to provide our clients with access to both COVRSPORT and COVRREG - consumer insurance solutions that protect families from the financial setbacks of youth sports injuries.
COVRSPORT is a unique product for athletes under 25. It provides coverage for injuries that may happen during participation in covered sports activities. Offering a $0 deductible and $5,000 of benefits, COVRSPORT helps to protect families from expenses that result from injuries in youth sports.
COVRREG is a registration protection and interruption product that provides benefits to youth participants who can’t continue sporting participation for reasons such as injury, illness, and more.
Matt Stone, Senior Vice President for Revenue & Strategy at InjureFree (Amsis’ sister company), celebrated the impact of the new partnership: "This collaboration with Sport:80 is perfectly aligned with our mission of promoting athlete safety and risk management.
“COVR products provide crucial financial support to young athletes and their families, ensuring an injury doesn’t cause a financial crisis and bridging the gap between traditional insurance and the real needs of youth athletes.
“We’re excited to bring this solution to Sport:80’s network and believe it can have an extremely positive impact for their community."
By integrating the COVR products in the Sport:80 Platform, NGB members are able to easily sign up to purchase medical insurance via a link which will automatically be added to the solution. This not only allows the NGB to provide enhanced support to their members without any complicated scoping or coding, but it also opens up a new potential revenue stream in an instant.
"At Sport:80, we’re focused on delivering solutions that provide benefits at all levels of the sporting pyramid”, said our Chief Operating Officer, Jonny Turner.
“This partnership allows us to offer crucial support to families and young athletes, empowering them to fully enjoy their sporting journey without the fear of financial setbacks."
To learn more about this partnership, feel free to reach out.