Kerry London News

The Ashes 2023: Covering the cost of lucrative cricket contracts

Wednesday 14th June
The Ashes 2023: Covering the cost of lucrative cricket contracts

During June and July, England’s men’s and women’s teams will compete to regain one of cricket’s most prestigious titles – The Ashes. The men’s Ashes starts on 16 June, and the women’s series on 22 June. England captains Ben Stokes and Heather Knight are looking to lead their sides to Ashes victories this summer after losing to the Australians last year.  

Staying in the game – Protecting player income 

Undoubtedly, The Ashes is amongst the highest profile and exciting events for any cricketer to participate in, and also the most lucrative. Most players will have invested considerable time training to ensure they are at peak fitness to play their best cricket for the national team. That training is also designed to help players maintain stamina and remain injury free with the ultimate aim of winning the trophy. Ex-England cricketer Simon Jones MBE helped secure victory for England in the 2005 Ashes series and knows that injury is the last thing players want to focus on before a game. He also knows the risks of not protecting against losing income from lucrative contracts.

Simon Jones, Business Development Executive, Kerry London, said:

“Intensive training followed by a series of cricket matches will push most player’s physical fitness to the limit. Unfortunately, this also means they will increase their risk of injuries. Investing time in preventing injuries through training is vital, and so is arranging financial protection to cover lost income should the worst happen. Losing a place in the series is hugely disappointing for any player, but insurance protection for lost income will at least offer some financial security.

Kerry London can arrange insurance for both temporary and career-ending injuries

Temporary Total Disablement (TTD) Cover – Franchise Series/Tournament Cover  

TTD is designed to pay a player’s salary when they cannot play professionally due to an injury before or during the competition. There are several options to choose from:  

  • Pre-tournament cover protects against any injuries sustained before the series/tournament starts that prevent play in a competition.  
  • In-tournament cover protects match fees whilst playing in the series/tournament.  
  • Pre-tournament and in-tournament cover protects an entire franchise cricket series/tournament salary (less an excess) before and during the competition.  

Permanent Total Disablement Insurance (PTD)  

PTD insurance covers players forced to retire from cricket due to illness or injury. The Professional Cricketers Association offers basic PTD cover for current players. However, it has become clear in recent years that the cover limits provided by the PCA, whilst significant, are far below the potential career earnings of many cricketers. Kerry London calculates that a leading players’ earnings over a 10-year period of international and franchise cricket could exceed six times their annual earnings. It makes sense for many players to explore increasing their level of cover.

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The Ashes Series dates

The Men’s Ashes

First Test (Edgbaston)
Friday 16 June – Tuesday 20 June (11am start)

Second Test (Lord’s)
Wednesday, 28 June – Sunday, 2 July (11am start)

Third Test (Clean Slate Headingley)
Thursday 6 July – Monday 10 July (11am start)

Fourth Test (Emirates Old Trafford)
Wednesday 19 July – Sunday 23 July (11am start)

Fifth Test (The Kia Oval)
Thursday 27 July – Monday 31 July (11am start)

The Women’s Ashes

The Women’s Ashes has a different format from the men’s series. The winners of the Test match earn four points, with the teams taking two points each in the event of a draw. Two points are awarded for victories in each white-ball game, with sides picking up a point each if there’s a tie or no result.

Test Match (Trent Bridge)
Thursday 22nd June – Monday 26th June (11am start)

First T20 International (Edgbaston)
Saturday 1st July (6.35pm start)

Second T20 International (The Kia Oval)
Wednesday, 5th July (6.35pm start)

Third T20 International (Lord’s)
Saturday 8th July (6.35pm start)

First One-Day International (Unique Stadium, Bristol)
Wednesday 12th July (1pm start)

Second One-Day International (The Ageas Bowl)
Sunday 16th July (11am start)

Third One-Day International (Taunton)
Tuesday 18th July (1pm start)

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Kerry London is authorised and regulated by the Financial Conduct Authority. The company is a leading UK independent and Lloyd’s accredited broker, which means that we work with a wide range of niche and major insurers.

This note is not intended to give legal or financial advice, and, accordingly, it should not be relied upon for such or regarded as a comprehensive statement of the law and/or market practice in this area. In preparing this note, we have relied on information sourced from third parties, and we make no claims as to the completeness or accuracy of the information contained herein. You should not act upon information in this bulletin nor determine not to act without first seeking specific legal and/or specialist advice. We and our officers, employees or agents shall not be responsible for any loss whatsoever arising from the recipient’s reliance upon any information we provide herein and exclude liability for the content to the fullest extent permitted by law.

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