Prizes are often used in promotional campaigns and to great effect. However, sometimes, the success of a campaign can leave you facing more costs than you ever imagined.
With TMHCC's Prize Indemnity insurance, you can protect yourself against the contractual liability to award a prize.
Best for
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Companies who have a contractual liability to award a prize, including:
Primary and Secondary Lotteries
Online Promotions or Sports Predictors -
Brands or Retailers offering sales incentives
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Promotions contingent on the successful performances of sports professionals or teams
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Sports Organisations
Summary of coverage
Examples include: jackpot insurance for lotteries; amateur hole-in-one; half-time cross bar challenge promotions at sports events; or sales promotions contingently linked to the positive achievements of sports professionals or teams.
Highlights
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Prize Indemnity insurance allows companies to offer large awards that are typically beyond their budget
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Statistical or non-statistical prize
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Secondary lotteries
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Envelope picks
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Weather promotions
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Amateur hole-in-one Basketball / ice hockey promotions
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Sports predictors
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Worldwide coverage
Brochures
Contingency documents
To download proposal forms and questionnaires for Contingency business, click the button below.
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Why choose 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.
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