Collegiate Athletes – Module 06-Risk Management & Insurance

It is important for athletes to identify and manage potential risk as well as recognize different types of fraud so that they can take measures to protect themselves from such risks.  Athletes can protect themselves and their personal finances in a number of ways whether that means buying different types of insurance to cover basic and sport specific needs, protecting their wealth and their family or limiting the disastrous financial effects of a divorce.  This module outlines the elements of risk and insurance.  It also discusses the concepts associated with risk and insurance and offers advice as to how student athletes can treat these elements at different points of their lives both within and outside of sport.  The module is divided into seven separate sessions with each session addressing a key area of the module’s theme.

Topic: Financial & Life Skills Program
Module: 6

Ages 18 to 22

LESSON PROGRAM & COMPONENTS

  1. SESSION 1: The definition of risk and hedging against it
  2. SESSION 2: Basic insurance categories
  3. SESSION 3: Insurance for sports professionals
  4. SESSION 4: Reputational risk & NIL protection from unauthorized use
  5. SESSION 5: Protect your assets
  6. SESSION 6: Set up your financial relationship with your better half
  7. SESSION 7: Protect your loved one through estate and inheritance planning

LESSON DETAILS

Module Duration: 110 minutes

The definition of risk and hedging against it

Basic insurance categories

Insurance for sports professionals

4.  Reputational risk & NIL protection from unauthorized use

5. Protect your assets

6. Set up your financial relationship with your better half

7. Protect your loved one through estate and inheritance planning

 

The Sports Financial Literacy Academy
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