Prize Indemnity Fund

Prize competitions are a valuable marketing tool, attracting both the target sales market as well as potential sponsors. Prize Indemnity insurance protects the insured against their contractual liability to award a prize in the event of a win in an insured competition.

We have the expertise to insure prizes that are chance or skill related. We write statistical prize indemnity risks where the probability of a loss can be mathematically ascertained as well as non-statistical prize indemnity risks where the probability of loss cannot be mathematically determined.