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.
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.