FAQs

1. Why do I need this insurance?

It is compulsory requirement for FIFA players' agents to have Professional Indemnity insurance. Without this insurance your licence can be revoked.

2. What is the minimum level of cover I have to purchase?

The minimum level of cover under the FIFA regulations is CHF100,000.

3. Is my premium affected by the amount of cover I buy?

Your premium will be affected by the indemnity limit. We provide options for CHF 100,000, CHF 340,000 and CHF 670,000. Higher limits can be provided on a bespoke basis. Contact the JLT Financial & Professional Team to discuss.

4. How is my premium calculated?

A number of factors affect the premium calculation, the main ones being: a) the amount of income you earned in the last completed financial year from negotiating or renegotiating contracts of employment; b) the number of players for whom those negotiations were carried out for both via another agent / club and / or directly; c) the amount of limit purchased; and d) your claims history.

5. Payment by instalments:

We are able to offer payment by instalments using Close Premium Finance. Our product utilises the services of Close Brothers Premium Finance allowing customers to spread payments over 10 monthly instalments.

a. Who are Close?

Close Premium Finance is the leading provider of premium finance products for the general insurance market in the UK and Ireland. Close Premium Finance is part of Close Brothers Group plc, the largest and most successful independent merchant banking group in the UK, founded in the City of London over 125 years ago.

Close Premium Finance introduced the concept of premium finance to the UK in 1977 and today lend approx £1.5 billion of premiums through over 2,500 brokers in the UK, Ireland and Spain.

b. What is Premium Finance?

Premium finance is the easy way to pay for insurance.

Through Close Brothers, you will be able to arrange a direct debit facility allowing you to spread your total payment over series of months. In essence a loan is provided by Close Brothers, and it is repaid by you through an instalment plan allowing you to manage your cash flow more easily.

6. What is covered by the policy?

The policy covers your legal liability to pay damages as a result of any claim or accusation made against you arising out of you Insured Activities as a FIFA player agent. Insurers will pay all costs or damages provided that they do not exceed the maximum limit of the sum insured under the policy. Your Activities shall be deemed to be as per Article 1 of the FIFA agent's players act 2008.

A sample policy wording, showing the terms and exclusions is provided here.

7. Is there a policy excess?

No. There is no excess on the policy and assured, you will not have to pay the first amount of any claim.

8. When will I receive my documentation?

Upon completion of the online questionnaire you will receive a written formal quotation confirming the premium and policy terms. Once these are accepted and we have recieved your signed confirmation to bind cover, we will send you your policy documentation, including insurance certificate, within five working days.