Are you encouraging participation in your event by offering a participation incentive such as a cash prize or a new car? What happens if someone hits that one in a million shot or guesses that lucky number, can you afford to pay out for the prize that has been offered?
Prize Indemnity ensures our clients are not at a loss should they hold, take part in or organise a prize give away. The policy allows us to provide a solution against the risk that the prize will be won, with the insurance premium calculated based on the prize value and likelihood of a win.
The most popular Prize Indemnity offering is Hole in One insurance, although we have found solutions for many different games. We can assist with any game in which a mathematical probability can be devised.
For more information on Prize Indemnity insurance, please contact Francesca Barrett or Claudia Vianello.