Are soccer players insured?

Hi guys

I was bored at work, as usual, and I came across this...

http://sports.howzit.msn.com/real-worth-...ootballers

Got me wondering. If you pay that insane amount for a man and he dies a week later, is there a way to mitigate your losses?

Does Man U or Chelsea or whatever, insure these guys before they pay this ludicrous amount of money?

That would be a very interesting call to Outsurance... LOL