Contractual Bonus

Tokio Marine HCC - Specialty Group enables you to be more inventive with performance incentive programs. We help you create a program that motivates and inspires your best people to be even better. If they reach their goal, it's a win-win situation. They win by receiving an attractive bonus, and you win by reaping the rewards of their improved performance.

Highlights

  • Covers a corporation or a firm’s contractual obligation to award contingent bonuses to athletes or entertainers for achieving certain milestones outlined in their contract
  • Policy term and limit for such policies can vary to match the exposure of the buyer
  • Terms, conditions and exclusions are flexible to match the terms of the contract

Best For

  • Corporate sponsors
  • Entertainment companies
  • Film studios with budgets of $10 million and more
  • Production firms
  • Sports teams

Summary of Coverage

Contractual bonus insurance is coverage that is typically purchased by corporate sponsors, sports teams and entertainment companies to give professional athletes and entertainers an additional financial incentive in their contract to achieve a certain result. For example, a sponsor could offer a professional athlete an extra $500,000 for every major championship that he/she wins, in which case, the risk of the additional $500,000 would be transferred to the insurance policy

Companies can use Tokio Marine HCC's bonus performance coverage to offer bonuses that are off the charts to performers who stay on top of the charts. Use incentives to achieve superior performance, gain better visibility and build stronger revenues.

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Why Tokio Marine HCC?

Tokio Marine HCC is a leading specialty insurance group with offices in the United States, the United Kingdom, Spain and Ireland, transacting business in approximately 180 countries and underwriting more than 100 classes of specialty insurance. Our products and capabilities set the standard for the industry, and many of our almost 3,000 employees are industry-leading experts. Each of our highly entrepreneurial businesses are equipped to underwrite special situations, companies and individuals, and acts autonomously to deliver effective solutions. 
Our financial strength ensures our clients will always be protected.

Our financial strength ensures our clients will always be protected.

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Tokio Marine HCC Product Breadth

Our holistic portfolio of products includes more than 100 classes of specialty insurance

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Tokio Marine HCC is part of Tokio Marine, a $31 billion company.

Tokio Marine HCC is part of Tokio Marine, a $31 billion company

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