The Business of Baseball
How Pro Teams Use Insurance to Stay in the Game
With the Rangers kicking off their season, there’s a familiar buzz in the air—ballpark chatter, fresh hope, and plenty of hot takes about who’s going to hit it out of the park this year. But while fans focus on stats, lineups, and home runs, there’s a different kind of strategy happening behind the scenes: insurance.
Behind every pitch, pop fly, and home run highlight, there’s a business side of baseball that fans rarely see. From multimillion-dollar contracts to unexpected curveballs (literally and figuratively), professional teams rely on specialized insurance coverage to stay in the game.
Let’s take a quick stroll around the bases of professional baseball insurance—and see how it compares to the protection of your business needs.
First Base: Player Contract Insurance
Imagine signing a player on a $100 million deal… and they get sidelined for the season. That’s where Player Contract Insurance comes in. Teams purchase this type of policy to protect their financial investment in high-salary players. It helps reimburse the team if the player is injured and unable to perform.
Teams ensure their star players, businesses protect your key people and assets. At Tower Street, we help you build coverage that steps up when the unexpected happens—no cleats required.
Second Base: Loss of Value & Disability Insurance
Many players also take insurance into their own hands—especially when approaching the draft or a major contract negotiation. Policies like Loss of Value Insurance and Permanent Disability Insurance are designed to cover future income if an injury or illness impacts their ability to sign or play.
Third Base: Liability, Property & Event Insurance
You know what’s not fun? A fly ball to the face, a sprinkler system gone rogue on the field, or a canceled game that costs a stadium millions in revenue.
Professional teams carry General Liability, Property, and Event Cancellation Insurance to cover all the what-ifs—whether it’s fan injuries, weather-related damage, or a global pandemic (we don’t have to imagine that one anymore).
Home Plate: Risk Management Off the Field
What makes a team great isn’t just talent—it’s preparation. From player warm-ups to rain delay protocols, teams build strategies to minimize risk.
At Tower Street, that’s exactly how we work with our clients. Whether it’s reviewing your contracts, developing loss control strategies, or tailing coverage to your operations. We don’t just sell insurance—we help you manage risk proactively, by preparing and protecting successful families and businesses
The Final Inning: You Don’t Have to Be a Major League Team to Get Major League Service
While you may not have the same expenses as baseball, your business still deserves tailored protection from a team that knows how to handle complex risks.
At Tower Street Insurance, we help businesses manage risk like the pros—literally. Whether it’s protecting high-value talent, managing liability exposures, or building a strategy around business interruption and coverage gaps, our team knows how to design a winning playbook for your industry.
Bonus Fact: Even Gatorade Coolers Get Insured!
So go ahead—root for the Rangers. Tower Street Insurance will cover the bases on the insurance side. You don’t have to be a Major League franchise to need major league protection.
Contact us today for a personalized consultation and we’ll ansewer any questions you may have.
Tower Street Insurance—where we protect you.
Call us at 469-788-8888 or email us at admin@towerstreetinsurance.com for expert guidance.
Get a Free Quote to see how we can help you save while staying protected. Choose Tower Street Insurance—where we protect you.
