How the NFL insures its players' multimillion-dollar salaries

Published On Nov 7, 2024, 3:52 PM

The article discusses how NFL teams protect their players' high salaries through insurance policies. With injuries like Aaron Rodgers' Achilles tear, insurance can mitigate financial losses. However, the costs of premiums for these policies can be substantial, sometimes totaling hundreds of thousands of dollars. Insurance typically covers career-ending injuries, while temporary injuries can be difficult and expensive to insure. Given the high injury rates in football, many teams weigh the risk and benefit before purchasing such insurance, often opting only to insure against permanent total disability instead of temporary total disability, which is generally not cost-effective.