Nil Insurance

Our Full-Suite Solutions

As NIL agreements continue to grow in size and complexity, athletic departments and affiliated collectives face meaningful financial risk when student-athletes are injured or medically unable to fulfill their contractual NIL obligations.

In collaboration with Lloyd’s of London, World Insurance Associates has developed a bespoke insurance solution designed to protect NIL investments by providing financial continuity solely when NIL obligations are impacted by a covered athletic injury or medical condition, while supporting institutional budget certainty and compliance. This structure enables programs and collectives to insure NIL obligations funded through institutional revenue-sharing allocations, donor contributions, and other approved collective funding sources, while coverage remains strictly limited to losses arising from covered athletic or medical injuries.

INJURY & ILLNESS COVERAGE

• If an insured athlete becomes medically unable to participate in team activities or competition due to a covered injury or medical condition, as certified by a licensed physician, the policy responds to protect the program or collective’s financial commitment.
• Upon a valid claim, the insurance reimburses the athletic department or collective for the portion of NIL compensation still owed under the contract as a direct result of the covered injury or medical condition, subject to the agreed elimination period and policy terms.

COVERAGE LIMITATIONS

This coverage is designed exclusively to address injury-related NIL risk and does not respond to transfers, performance-related decisions, disciplinary actions, eligibility issues, or contract termination unrelated to a covered medical injury.

POLICY STRUCTURE

• The coverage may be written on a single-athlete or group basis and is designed to protect total NIL exposure across all contracted athletes against covered injury-related risk only.
• The program provides a shared aggregate limit, creating a pooled reserve to cover eligible losses arising from covered on-field, on-court, or medical injuries during the policy term. Coverage is triggered based on time missed due to a covered injury or illness and may mirror NIL contract terms and payment schedules on a reducing basis.

OUR FULL-SUITE SOLUTIONS: 

Performance-based incentives are commonly embedded in commercial, sponsorship, employment, and event-related contracts to drive results and reward achievement. While effective, these arrangements can create material financial exposure when performance targets are successfully met.

Contractual Bonus Insurance is designed to protect an insured’s obligation to pay predefined bonus or incentive payments triggered by clearly defined performance outcomes. This coverage transfers success-based financial risk away from the insured, supporting balance-sheet stability and predictable budgeting while preserving the upside of performance-driven programs. 

PERFORMANCE BONUS COVERAGE:

• Covers contractual obligations tied to clearly defined and measurable performance criteria
• Responds when agreed-upon performance targets, milestones, or achievements are met
• Mitigates financial volatility associated with success-driven payouts
• Supports disciplined financial planning and liability management

POLICY STRUCTURE:

This structure allows organizations to confidently deploy performance-based compensation and incentive programs without introducing unplanned financial risk.

• Coverage may be written on a single-contract or aggregate basis
• Limits are aligned directly with contractual bonus exposure
• Policy terms mirror underlying contract language and performance triggers
• Flexible policy periods based on the duration of the incentive arrangement