Prize Indemnity

Help your clients stand out from the competition with prize indemnity insurance that allows them to offer a large prize, risk-free, for a premium that is a fraction of the prize value (in situations where the prize is not guaranteed).


  • Creative and budget-friendly
  • Supports business objectives and brand
  • Backed by an insurance carrier (not just a prize contract)
  • Fast, in-house claims service

Target Insureds

  • Athletic organizers
  • Event organizers
  • Integrated marketing agencies
  • Nonprofit organizations
  • Retailers
  • Sponsors / promoters

Summary of Coverage

Promotions and games can be effective business-building tools, but they also introduce financial risks. Prize indemnity insurance helps protect against those risks, by covering contingent prizes on behalf of sponsors or promoters. Tokio Marine HCC - Specialty Group's prize indemnity insurance allows the sponsor, promoter or organizer to offer a large, risk-free prize for only a fraction of the cost. Some examples include probability-based prizes such as drawing the correct envelope, dice rolls or spinning a wheel, and skill-based prizes such as sinking a 60-foot putt, shooting a basketball from half-court or making a field goal from a certain distance.

Our comprehensive promotional insurance portfolio, and decades of insuring thousands of promotions and games, makes Tokio Marine HCC - Specialty Group the right choice for all types of clients and promotional events. Our winning combination of products, experience and expertise equips us to rapidly develop unique, creative and budget-friendly insurable promotions that precisely support a client’s business objectives and brand.

TotalEvent® Insurance Online

Related Products

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. 
financial strength

Our financial strength ensures our clients will always be protected.

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holistic portfolio

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

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tokio marine

Tokio Marine HCC is part of Tokio Marine, one of the largest P&C insurers in the world

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