Program Solutions

Booster Insurance

Protecting the Backbone of College Athletics

Key Person insurance is designed to protect the lifeblood of collegiate athletic programs – the donors, collectives, and schools whose financial commitments keep NIL programs running. When a season-ending injury occurs, Key Person insurance ensures that promised payments to athletes remain secure and compliant, while donors and athletic departments maintain financial flexibility to stay competitive.

At Peck Financial, we work directly with schools, collectives, and athletic directors to build insurance programs that keep NIL promises sustainable. Our team partners with Lloyd’s of London to deliver flexible, high-limit protection backed by global underwriting expertise.

Why It Matters

Modern college sports operate at the intersection of athletics, business, and brand management. When an athlete is sidelined, so are the promises that drive recruiting, donor confidence, and program momentum. Insurance transfers that risk away from the program so the mission, not the budget, stays on track.

Without coverage, one injury can:

• Jeopardize NIL payout structures
• Undermine donor confidence
• Disrupt recruiting commitments
• Create compliance exposure for schools and collectives

Insurance stabilizes these dynamics by providing a financial safety net that protects all stakeholders.

How It Works

Coverage is customizable and can include up to 6 different levels of benefit options

Unique design features that are new to the market to address needs of Institutions, and NIL Collectives to protect their investment in their student athlete

The options and structure depend on investment amount/caliber of student athletes and by the sport.  The combination of coverage and benefit can be designed for each unique situation and the overall goals of the institution and NIL Collective.

Each layer works together to create a comprehensive, budget-stabilizing risk transfer strategy for college programs.

Who Benefits

Athletic Departments

• Protect recruiting budgets and NIL commitments
• Maintain compliance while managing financial exposure
• Build long-term donor trust and program sustainability

Boosters & NIL Collectives

• Transfer financial risk to the insurance carrier
• Ensure donor funds are used as intended
• Support transparency and credibility with athletes and families

Athletic Directors & Risk Officers

• Align insurance structure with state law and NCAA guidance
• Pre-fund exposure for key players and revenue drivers
• Reinforce financial governance and institutional confidence

Why Work with Peck Financial

Peck Financial is uniquely positioned at the intersection of sports, insurance, and NIL strategy. Our relationships with Lloyd’s and U.S. specialty markets allow us to design tailored, compliant coverage for high-value programs and collectives nationwide.

When it comes to protecting the future of your program, don’t leave it to chance, insure it.

Explore Key Person Sport Insurance with Peck Financial