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.

Prize Indemnity

Tokio Marine HCC offers prize indemnity insurance to protect against financial risks, by covering contingent prizes on behalf of sponsors or promoters.

Retailer Promotions

Tokio Marine HCC has put together insured prize promotions specifically for the retail industry to help increase sales over a specified period of time.

Over-Redemption

Over-redemption insurance protects sponsors and marketers against an unexpected result of their promotion.

Why Tokio Marine HCC?

Tokio Marine HCC is a leading specialty insurance group with offices in the United States, Mexico, the United Kingdom and Europe, 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.