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Prize Indemnit

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Prize Indemnity

Program Target Description: Prize Indemnity Insurance 

Program Target

  • Target Risks: Integrated marketing agencies, retailers, athletic organizations, golf courses, nonprofit organizations
  •  Geographic:  Nationwide

Why work with our program administrator

  • Experience:  Over 40 years of experience in promotion protection insurance
  • Automation: Fully automated online system available for sporting related risks (hole-in-one, basketball half-court shot, etc.)
  • CustomerService: Excellent customer service and quick turnaround time
  • Differentiation: Team of creative underwriters to help your clients come up with successful ideas that meet their goals and stay within their budget

Coverages & Limits Available

  • Admitted or Non-Admitted: Non-Admitted
  • Prize Indemnity Insurance: games of skill, games of chance, sales promotions, sporting-related promotions
  • Over-Redemption Insurance
  • Contractual Bonus Insurance
  • Promotion Bonds 

Submission Requirements:

  • For sporting related contests, application available online through the program administrator’s web site.
  • Prize Indemnity application available for offline quoting

Broker Requirements:

  • Program administrator appointment with broker agreement, W-9, questionnaire, and e-signature form for online system
  • Licensed Agent / Broker with current E&O limits of at least $1 million