DownSwinging.com

If any of you have checked out our Blog of the Week page in the past couple of days, then you have already seen this, but I thought the idea was so great that it warranted an article on its own. Two insurance brokers named Anthony Giaccone and Henry Olszewski came up with a new business idea: Insurance on athletes for fantasy players. It all came about when Olszewski vented his frustration about the fact that his fantsay football season went down the toilet the second Tom Brady hurt his knee last year, and basically everything he paid in league fees had now gone to waste. So the two of them put their heads together and created a new company, called FantasySportsInsurance.com.

Right now, the business is just on its first legs, and the insurance options are modest. They only offer insurance for football right now, and only on the top 50 players. Customers can choose from one of the three insurance plans: a player misses 10 of his team’s first 15 games, 8 of their first 12, or three players miss a combined 18 games of their team’s first 15. Essentially you pick your option, let’s say option 1 as an example, and then choose the player on your team, let’s say Adrian Peterson. You then type in your league fees, as well as any transaction fees, and voila, it churns out a number. Say your league a $50 buy-in, you could pay $7.73 to protect Peterson, and if he missed 10 of the Vikings first 15 games then FantasySportsInsurance.com will pay you $50. Simple as that.