Bonus Insurance- How Clemson saved $1,000,000 in coaches bonuses

After losing the 2016 National Championship Game (for the 2015 National Championship) in

Glendale, AZ, Clemson Athletic Director Graham Neff knew his school would have a great shot at winning it the next year.  As with many big time college athletics programs, contracts for football coaches specified large bonuses, in the millions, for winning the National Championship.
In a move that saved the athletic department $1,000,000 Neff purchased Bonus Insurance to cover some of the anticipated payout.  For $272,500 the athletic department bet on itself (and not in Vegas) and insured $1,300,000 in bonuses.  Clemson received a check for $1,300,000 to help defray much of the bonuses owed to staffers.  Read more HERE
Boca Insurance Group would be glad to help with any and all performance based/bonus insurance.  Call us today at 954-596-0691.
Boca Insurance Group is a full service insurance agency located in Deerfield Beach Florida handling all forms of insurance.  www.bocainsgroup.com