P A G E 2. Helping protect what you ve achieved

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2 P A G E 2 Helping protect what you ve achieved

3 P A G E 3

4 The International Specialty Insurance brand promises to simplify an incredibly complex critical decision for high-powered, busy people. Whether it s the injured all-star quarterback or the highly skilled surgeon, we protect top earners from sudden and enormous financial losses due to injury, illness or death. ISI also protects professional teams, corporations and sponsors from contractual obligation losses if one of their star performers is sidelined. International Specialty Insurance has, for over 20 years, been providing customized insurance solutions, attentive service and ability to write large policies. Many advisors, brokers, planners and agents use our coverage to fill their clients financial needs. P A G E 4

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6 ATHLETES P A G E 6

7 SOLUTIONS: Disability Insurance Athletes make their living putting their bodies on the line each time they slip on the uniform. Whether a contactrelated injury as a running back, or a repetitive motion injury as a major league pitcher, athletes need to protect their salaries and their personal assets. Fortunately we offer a variety of insurance products to meet their needs. Permanent Total Disability Permanent Total Disability protects athletes or teams against career-ending injuries or illnesses. Before benefits are payable, a physician must certify that the injury or illness is career-ending after a certain waiting period such as twelve months. Case Study: A basketball player was in the final year of his contract and looking to sign a lucrative long-term deal at the end of the season. International Specialty Insurance provided a $0,000,000 policy to protect the player for his final season under contract in the event that he suffered a career-ending injury or Illness during the season. 2 Temporary Total Disability Temporary Total Disability protects athletes or teams against the inability of a player or racer to perform due to injury or illness for a short period of time such as a season. This kind of coverage allows teams to pay athletes even when they can t play or race. Teams also use it as a powerful incentive when trying to attract new athletes. Case Study: A professional race team signed a driver to a guaranteed contract for the season. They were concerned that if the driver was unable to race due to an injury or Illness which kept him off the track for the rest of the season, they would still have to pay the driver and possibly have to engage another driver to replace him. International Specialty Insurance provided a Temporary Total Disability policy to cover this eventuality. 3 Loss of Value Disability Loss of Value insurance is a personal injury and illness policy designed to protect a player s current market value while they play out the final season under their current contract as they head towards free agency. The Insurance agrees to protect 50% of a player s expected next contract against injury, illness, or death. Case Study: A professional baseball player heading into free agency is expecting to sign a $00,000,000 contract next spring. He began to wonder what would happen if he gets injured or sick before signing this contract. International Specialty Insurance was able to provide a Loss of Value policy to the player, which protected his future value until such time as he signed that guaranteed contract. P A G E 7

8 SOLUTIONS: Life Insurance High Limit Accidental Death & Dismemberment (AD&D) Accidents happen every day, sometimes serious enough to cause a critical injury, or even death. International Specialty Insurance s Accidental Death and Dismemberment insurance is offered to individual athletes or teams to help alleviate the financial burden that can result from a serious accident. In the event of accidental death, this insurance will pay benefits in addition to any life insurance held. Case Study: A professional basketball team was looking to protect the guaranteed contract made to a key player. Life insurance through the traditional markets was unavailable due to a heart condition. International Specialty Insurance was able to secure a $25,000,000 Accidental Death and Dismemberment policy to cover the player, but with the team as beneficiary. 2 Interim Life Insurance International Specialty Insurance provides Interim Life Insurance (also known as Failure to Survive Coverage) as an alternative to traditional life insurance for teams and corporations. Interim Life Insurance was designed to provide an immediate solution to your life insurance needs. While traditional life underwriting often takes many weeks to complete, Interim Life Insurance can be accomplished in a matter of hours. Case Study: A professional ice hockey team was looking to protect the guaranteed contract made to a key player. Since the team s commitment to the player was immediate upon signing the contract, Interim Life Insurance was required. International Specialty Insurance was able to secure $0,000,000 of coverage for 60 days while the life underwriting was completed. P A G E 8

9 SOLUTIONS: Contingency & Specialty Insurance Contractual Bonus Large bonuses are awarded by sponsors to individual sportsmen, women or teams in the event that certain targets or goals are achieved during a game, race or season. The team or sponsor can now set the goals, and the bonus performance policy pays when they re reached. It s that simple. We ll help a team or sponsor create a program that motivates and inspires their best people to be even better. And if they reach their goal, everyone wins. The sportsmen or women win by receiving an incredible bonus, and the team or sponsor wins by reaping the rewards of their improved performance. Case Study: The sponsor of a motor racing team agreed to award a win bonus to the rider for every podium finish achieved during a 20-race season and if the rider won the championship. The maximum possible loss was calculated and International Specialty Insurance provided coverage, excess of a deductible, which allowed the sponsor to enjoy the racing season without fear of having to pay the bonuses if the rider was successful. 2 Kidnap and Ransom Kidnap and Ransom insurance protects athletes and celebrities against the financial consequences of a kidnap, illegal detention or extortion. International Specialty Insurance provides Kidnap and Ransom insurance coverage to help mitigate this risk and works with the world s leading crisis management response groups to help provide a safe and peaceful solution to a terrible experience. Typical Clients: Banks and financial services companies, oil, gas and petrochemical companies, foreign aid companies, security companies, mining and construction companies, high net worth individuals, physicians, pilots, athletes and celebrities including the stars of the stage or screen. 3 Death, Disablement and Disgrace One moment he s the perfect role model, the next he s spinning out of control, destroying his career along with sales of the company. Coverage is purchased by companies to protect their expenses incurred in connection with an advertising campaign, product endorsement or sponsorship contract where a celebrity is used to promote a product or service. The death, disablement or disgrace of the celebrity during the campaign could lead to the withdrawal of the campaign or cancellation of the endorsement or sponsorship contract with consequent loss to the company. Case Study: A well known manufacturer of sporting equipment engaged a well known sportsman to promote their product for a two year period. The fee paid to the sportsman was guaranteed by the company and coverage was arranged to protect the Assured against the cancellation or withdrawal of the promotion in the event of death, disablement or disgrace of the sportsman during the promotion. P A G E 9

10 PHYSICIANS P A G E 0

11 SOLUTIONS: Disability Insurance High Limit Disability Physicians and Surgeons know that traditional insurers fall short in providing adequate amounts of disability insurance. If they can t perform their own occupation, it s important that their disability coverage have high enough limits to help replace their lost income. International Specialty Insurance can obtain the limits your clients require and the flexibility they need. Case Study: A physician earning $,000,000 per year had a monthly personal disability policy placed in the local market. The monthly limit was not adequate and International Specialty Insurance provided a policy for the difference between the domestic placement and up to 65% of her salary. The terms of the policy included an additional $30,000 per month benefit payable for 5 years, followed by a $5,000,000 lump sum benefit payable in the event that she suffered a career-ending injury or illness. 2 Key Person Disability In some instances a closely held practice may be especially dependent upon the special skills of a key physician or surgeon. The disability of this key person may substantially impair the businesses finances, especially for the short term. Again, International Specialty Insurance offers specially designed disability products to fund this need. 3 reasons why corporations should purchase key person disability insurance.. Key employees cannot be replaced easily. 2. Business would lose continuity without a particular individual. 3. If the age of the key person is between 30 and 55 years, disability may be more probable than death, hence key person insurance may be considered to keep a check on the losses that may occur. 3 Group High Limit Disability Professionals in the medical field know all too well that traditional insurers fall short in providing adequate amounts of group or multi-life disability insurance. Most carriers limit issue levels to $25,000 per month which leaves high earning physicians and surgeons underinsured. International Specialty Insurance provides multi-life coverage to supplement a company s in-force disability insurance program. Coverage is also available where traditional carriers will not offer coverage. Case Study: A private practice had a surgeons group earning $800,000 and above. The group s coverage plan provided 60% to a cap of $5,000 per month. The group was short $25,000 per month or covered at 22.5% of pre-disability income. International Specialty Insurance offered an additional monthly benefit of $25,000 per month excess of 90 days and payable for 5 years. P A G E

12 4 Buy-Sell Disability Many physicians enjoy the benefits of having one or more partners to share the workload and the successes of a thriving practice. A Buy-Sell plan is designed to provide the necessary funds to enable one or more of the business owners to purchase the shares of a disabled partner or shareholder in the event of total disability. A specially designed buy-sell disability policy provides sufficient funds to complete the buy-out, while guaranteeing a fair price to the disabled shareholder or partner. International Specialty Insurance s Buy-Sell Disability policies appeal to business partners or shareholders of small privately owned practices, and is usually coordinated with a life insurance Buy-Sell policy. Case Study: A private practice group had a contractual Buy-Sell Agreement covering all 5 of its owners, ranging from $75,000 to $5,000,000. International Specialty Insurance developed a Buy-Sell Disability policy on all of the owners with an aggregate benefit in excess of $2,500, Business Overhead Expense The purpose of this coverage is to provide reimbursement for certain specified business expenses to allow the business or practice to remain functional during the disabled owner or principal s recovery and return to work. Alternatively This insurance may be used for primary coverage if the traditional market cannot offer any terms due to reasons such as occupation, type of business, medical history, age or place of work. 00% of eligible business expenses can be covered. Case Study: Dr. Example, a dentist, owns his own practice and has a disability buy-sell policy that will transfer ownership of the practice to his two employees. The policy will buy out his interest after one year of disability. After speaking with his financial advisor, Dr. Example realized that he couldn t afford to keep the practice running and meet his business expenses for an entire year without help. International Specialty Insurance designed a Business Overhead Expense disability policy that would pay benefits for 2 months, to coordinate with the waiting period under his buy-sell policy and assure the dentist that his practice will go on without him. 6 Bank Loan Guarantee Lending institutions many times require the borrower to secure a disability insurance policy in the event the individual paying the loan becomes disabled and can no longer make payments. Due to the potential risk of disability, numerous institutions are hesitant to provide large loans to individuals without coverage in place. International Specialty Insurance offers a solution that will satisfy the bank requirements with the Bank Loan Guarantee insurance plan. The plan is fitted to the terms of the agreement with a declining benefit, and the premium can be added to the loan. P A G E 2

13 Solutions: Life Insurance High Limit Accidental Death & Dismemberment (AD&D) Accidents happen every day, sometimes serious enough to cause a critical injury, or even death. AD&D policies can be issued in increments of time from day to 36 months. Coverage amounts range from $ million to $75 million and coverage can generally be bound within hours with an application and financial justification. In the event of accidental death, this insurance will pay benefits in addition to any life insurance held. Case Study: A 50-year-old individual in the medical field with a heart condition was declined for traditional life insurance. International Specialty Insurance underwrote and placed $4,000,000 of Accidental Death coverage on an annually renewable basis. 2 Interim Life Insurance International Specialty Insurance provides Interim Life Insurance (also known as Failure to Survive Coverage) as an alternative to traditional life insurance for corporations. Interim Life Insurance was designed to provide an immediate solution to your life insurance needs. While traditional life underwriting often takes many weeks to complete, Interim Life Insurance can be accomplished in a matter of hours. Case Study: A private practice group signed a new surgeon to a four year employment contract. Within the agreement, the practice was obligated to provide $5,000,000 of life insurance protection. International Specialty Insurance bound a $5,000,000 Interim Life policy for 90 days while the life underwriting took place. Solutions: Contingency & Specialty Insurance Kidnap and Ransom Kidnap and Ransom insurance protects physicians and surgeons against the financial consequences of a kidnap, illegal detention or extortion. International Specialty Insurance provides Kidnap and Ransom insurance coverage to help mitigate this risk and works with the world s leading crisis management response groups to help provide a safe and peaceful solution to a terrible experience. Typical Clients: Banks and financial services companies, oil, gas and petrochemical companies, foreign aid companies, security companies, mining and construction companies, high net worth individuals, physicians, pilots, athletes and celebrities including the stars of the stage or screen. P A G E 3

14 EXECUTIVES P A G E 4

15 Solutions: Disability Insurance High Limit Disability With executive compensation on the rise, and issue limits for disability income protection in decline, highly compensated individuals are not able to adequately protect their income against a disability loss. International Specialty Insurance provides high limit disability solutions for your very affluent clientele. Coverage is available above and beyond what traditional insurers offer. Case Study: A wealthy business owner sought to protect his family against hardship in the event that he suffered death or permanent disability by injury or illness. A $5,000,000 policy was quoted and accepted in the same day. 2 Key Person Disability With most companies, their strength lies in their staff and the skills that they bring to the workplace. With that in mind, companies seek to protect these assets with key person coverage to either protect against loss of income due to the death or disability of a staff member or to pay to bring in a substitute while they seek new talent. Case Study: A major corporation relies heavily on one of their top performers. If he were unable to perform his duties due to a disability it would be a financial strain on the company. International Specialty Insurance provided a policy to cover the key person in the event of a disability with a monthly benefit of $45,000 per month, payable for 8 months. The benefits from the Key Person Disability coverage are paid directly to the firm. 3 Group High Limit Disability Professionals in the executive world know all too well that traditional insurers fall short in providing adequate amounts of group or multi-life disability insurance. Most carriers limit issue levels to $25,000 per month which leaves high earning executives underinsured. International Specialty Insurance provides multi-life coverage to supplement a company s in-force disability insurance program. Coverage is also available where traditional carriers will not offer coverage. Case Study: A legal firm had five attorneys earning $800,000 and above. The group s coverage plan provided 60% to a cap of $5,000 per month. The group was short $25,000 per month or covered at 22.5% of pre-disability income. International Specialty Insurance offered an additional monthly benefit of $25,000 per month excess of 90 days and payable for 5 years. P A G E 5

16 4 Buy-Sell Disability For those in the executive world, the concept of a buy-sell agreement is not new. Most firms already have such an agreement in place. While death, retirement or termination of a partner is usually contemplated, the disability component is often overlooked. Buy-Sell Disability insurance is designed to assist healthy owners to fund the purchase of a disabled owner s share of the business. In fact, the likelihood of a long-term disability affecting the business increases as the number of owners in that business increases. Therefore, it is extremely important for business owners to consider Buy-Sell Disability insurance as part of their buy-sell program. Case Study: A legal firm has four partners; the firm is valued at $20,000,000. International Specialty Insurance provided a disability and accidental death policy to protect the partners at $5,000,000 each, to fund the buy-sell agreement in the event of an illness or injury that could result in a disability or accidental death. 5 Business Overhead Expense Business Overhead Expense (BOE) insurance is designed to reimburse a business for overhead expenses in the event a business owner becomes disabled. When traditional carriers limit the amount of Business Overhead Expense insurance due to occupation or overall maximum limits, International Specialty Insurance can provide supplemental coverage to be placed on top of the existing coverage. Alternatively This insurance may be used for primary coverage if the traditional market cannot offer any terms due to reasons such as occupation, type of business, medical history, age or place of work. 00% of eligible business expenses can be covered. Case Study: Mr. Example, an attorney, owns his own practice and has a disability buy-sell policy that will transfer ownership of the practice to his two employees. The policy will buy out his interest after one year of disability. After speaking with his financial advisor, Mr. Example realized that he couldn t afford to keep the firm running and meet his business expenses for an entire year without help. International Specialty Insurance designed a Business Overhead Expense Disability policy that would pay benefits for 2 months, to coordinate with the waiting period under his buy-sell policy and assure the attorney that his firm would go on without him. P A G E 6

17 Solutions: Life Insurance High Limit Accidental Death & Dismemberment (AD&D) Accidents happen every day, sometimes serious enough to cause a critical injury, or even death. AD&D policies can be issued in increments of time from day to 36 months. Coverage amounts range from $ million to $75 million and coverage can generally be bound within hours with an application and financial justification. In the event of accidental death, this insurance will pay benefits in addition to any life insurance held. Case Study: A 45-year-old executive with diabetes was unable to obtain any life insurance. International Specialty Insurance underwrote and placed $0,000,000 of Accidental Death coverage on a thirty-six month renewable basis. 2 Interim Life Insurance International Specialty Insurance provides Interim Life Insurance (also known as Failure to Survive Coverage) as an alternative to traditional life insurance for corporations. Interim Life Insurance was designed to provide an immediate solution to your life insurance needs. While traditional life underwriting often takes many weeks to complete, Interim Life Insurance can be accomplished in a matter of hours. Case Study: A consulting firm signed a new employee to a four year employment contract. Within the agreement, the firm was obligated to provide $0,000,000 of life insurance protection. International Specialty Insurance bound a $0,000,000 Interim Life policy for 60 days while the life underwriting took place. Solutions: Contingency & Specialty Insurance Kidnap and Ransom Kidnap and Ransom insurance protects corporate executives, business owners and celebrities against the financial consequences of a kidnap, illegal detention or extortion. International Specialty Insurance provides Kidnap and Ransom insurance coverage to help mitigate this risk and works with the world s leading crisis management response groups to help provide a safe and peaceful solution to a terrible experience. Typical Clients: Banks and financial services companies, oil, gas and petrochemical companies, foreign aid companies, security companies, mining and construction companies, high net worth individuals, physicians, pilots, athletes and celebrities including the stars of the stage or screen. P A G E 7

18 PILOTS P A G E 8

19 Solutions: Disability Insurance Temporary Loss of License Temporary Loss of License insurance protects pilots against the inability to fly due to injury or illness for a short period of time. Benefits are payable for up to 48 months. Case Study: A 40-year-old corporate pilot earning $60,000 per year lost his medical for two years due to injuries from a car accident. International Specialty Insurance provided a policy which paid a $3,250 per month benefit, after a 80 day waiting period. The benefit was paid for eighteen months, after which the pilot returned to his occupation. 2 Permanent Loss of License Permanent Loss of License insurance coverage protects pilots against career-ending injuries or illnesses (or permanent loss of license). Before benefits are payable, a physician must certify that the injury or illness is career-ending after a certain waiting period such as twelve months. International Specialty Insurance s Permanent Loss of License benefit can be coupled with a Temporary Loss of License policy, to be payable after the monthly benefit ceases. Case Study: 45-year-old captain employed with a major air carrier earning $200,000/year, suffered a heart attack, loses and never regained his medical. International Specialty Insurance provided a policy with a $0,800 per month benefit which paid out for 48 months, followed by an $800,000 lump-sum permanent loss of license benefit. Solutions: Life Insurance High Limit Accidental Death & Dismemberment (AD&D) Accidents happen every day, sometimes serious enough to cause a critical injury, or even death. AD&D policies can be issued in increments of time from day to 36 months. Coverage amounts range from $ million to $75 million and coverage can generally be bound within hours with an application and financial justification. In the event of accidental death, this insurance will pay benefits in addition to any life insurance held. Solutions: Contingency & Specialty Insurance Kidnap and Ransom Kidnap and Ransom insurance protects commercial and corporate pilots against the financial consequences of a kidnap, illegal detention or extortion while out of the country. International Specialty Insurance provides Kidnap and Ransom insurance coverage to help mitigate this risk and works with the world s leading crisis management response groups to help provide a safe and peaceful solution to a terrible experience. P A G E 9

20 ENTERTAINERS P A G E 2 0

21 Solutions: Disability Insurance High Limit Disability Entertainers represent a unique challenge for traditional disability insurers. Our markets provide comprehensive coverage against disability to protect any profession of the entertainment industry, from star actors to musicians, producers and people in other occupations of the entertainment industry. Case Study: A U.S. talent agency signed a long-term contract to represent a very high profile recording artist. International Specialty Insurance provided the client with a $0,000,000 policy protecting the agency in the event that the artist either dies or is permanently disabled. As this coverage needed to be confidential, it was completed without a medical report and with only a proposal form and justification of the sum insured from the agency. Solutions: Life Insurance High Limit Accidental Death & Dismemberment (AD&D) Accidental death and dismemberment insurance (also known as AD&D) is a form of insurance covering death or specific types of injury as a result of an accident. In the event of accidental death, this insurance will pay benefits in addition to any life insurance held. Death by illness, suicide, or natural causes is generally not covered by AD&D. Additionally, AD&D generally pays benefits for the loss of limbs, fingers, sight and permanent paralysis. Case Study: A popular U.S. singer/songwriter/performer was declined by traditional life carriers due to a past history of drug addiction. Because the individual had been drug free for five years, International Specialty Insurance was able to underwrite and place $5,000,000 of Accidental Death coverage on an annually renewable basis. 2 Interim Life Insurance International Specialty Insurance provides Interim Life Insurance (also known as Failure to Survive Coverage) as an alternative to traditional life insurance for corporations. Interim Life Insurance was designed to provide an immediate solution to your life insurance needs. While traditional life underwriting often takes many weeks to complete, Interim Life Insurance can be accomplished in a matter of hours. P A G E 2

22 Solutions: Contingency & Specialty Insurance Kidnap and Ransom Kidnap and Ransom insurance protects entertainers and celebrities against the financial consequences of a kidnap, illegal detention or extortion. International Specialty Insurance provides Kidnap and Ransom insurance coverage to help mitigate this risk and works with the world s leading crisis management response groups to help provide a safe and peaceful solution to a terrible experience. 2 Cancellation and Abandonment Coverage is purchased by the organizers of sporting events, theatrical productions, conferences, exhibitions and similar events. It will indemnify the Assured for their loss of revenue or expenses if the event is cancelled, abandoned, postponed or relocated due to any cause beyond the Assured s or the participants control. 3 Non-Appearance This coverage is the same as that for cancellation and abandonment but it specifically covers the non-appearance of a principal artist, group of artists, or any other specified personality. Coverage is usually purchased on any cause basis but it can be limited to the death, accident or illness of the artist if required. Case Study: A major concert promoter arranged a world tour lasting for twelve months by a major American pop group who had a reputation for hard living. Satisfactory medical information was received and coverage was provided for the loss of revenue in excess of $50,000, Death, Disablement and Disgrace One moment he s the perfect role model, the next he s spinning out of control, destroying his career along with sales of the company. Coverage is purchased by companies to protect their expenses incurred in connection with an advertising campaign, product endorsement or sponsorship contract where a celebrity is used to promote a product or service. The death, disablement or disgrace of the celebrity during the campaign could lead to the withdrawal of the campaign or cancellation of the endorsement or sponsorship contract with consequent loss to the company. Case Study: A well known manufacturer of clothing engaged a well known actor to promote their product for a two year period. The fee paid to the actor was guaranteed by the company and coverage was arranged to protect the Assured against the cancellation or withdrawal of the promotion in the event of death, disablement or disgrace of the actor during the promotion. P A G E 2 2

23 INTERNATIONAL SPECIALTY INSURANCE partners with certain underwriters at Lloyd s of London, as well as other reinsurance markets, establishing unparalleled capabilities with regards to writing high limit insurance policies. The combination of these markets gives us exceptional flexibility and depth of experience. If you d like to know more about us, or share in our future success, please info@isinsurance.com or visit P A G E 2 3

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