Turning risk into reward

Our prize indemnity solutions allow you to offer big prizes in your promotional campaigns without the worry of payout. We cover the risk so you can focus on creating winning experiences.

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Trusted by over +100 companies around the world.

Dream Big,
Risk Little,
Win Bigger

With our Prize Indemnity Insurance, you can plan exciting prizes without the worry of cost. We've got your back, making sure your promotions are a hit while keeping your budget safe.
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Our Prize Indemnity Insurance

Understanding Prize Indemnity Insurance

Imagine planning a high-stakes event or promotional campaign where participants stand a chance to win big, such as a million-dollar lottery, a car in a hole-in-one golf tournament, or even a dream house in a raffle. The thrill of such enormous prizes generates excitement and attracts attention, but what if someone does win? That's where Prize Indemnity Insurance comes into play. Instead of having to foot the bill for the prize yourself, the insurance company takes on the financial risk. You can create a stir with these big-ticket prizes without bearing the financial burden yourself.

Turning Risk into Reward

Offering a substantial prize can drive engagement, attract media attention, and create unforgettable experiences for your audience. But the prospect of a large payout can be daunting. Prize Indemnity Insurance allows you to create these buzz-worthy events with peace of mind. A contest to win a luxury vacation, a promotional lottery with a sizeable cash prize, or a halftime shot competition at a sporting event, for instance. You focus on creating winning experiences, while we cover the risk.

Examples of Prize Indemnity Insurance

Prize indemnity insurance has been a popular choice for a wide range of promotional events and contests, spanning from sports events to product marketing campaigns and now, it can even facilitate exciting social media promotions. Here are several notable examples:

Hole-in-One Golf Tournaments: This insurance is frequently used in golf tournaments where grand prizes like a new car, a significant cash amount, or even a house are given away for achieving a hole-in-one. The insurance enables organizers to offer these spectacular prizes without any financial risk. Learn more about our Hole-in-One insurance here.

Midfield Football Shots: In football matches, a fan event often occurs during halftime where a chosen fan gets the chance to kick a goal from the midfield line to win a big prize. These events are rare yet exhilarating, with prize indemnity insurance covering the potential large payout.

TV Game Shows: Game shows that offer large prizes, including cash, cars, trips, and more, often use prize indemnity insurance to cover the potential payouts.

YouTube Challenges & Promotions: Elevate your YouTube promotions with this insurance, making it possible to host grand events like the crossbar challenge where viewers can participate and shoot for a chance to win big prizes. Create content akin to Mr. Beast and make waves on social platforms without bearing the financial burden of prize giveaways.

Remember, these are just a handful of instances where prize indemnity insurance can be utilized. It can be customized for almost any scenario where a substantial prize is on offer, ensuring safety for the organizer and thrills for the participants.

Our proven method

Plan your promotion

Discuss the specifics of your event with us. Whether it's a lottery, a contest, or a game show, we'll help you understand the potential risks and rewards. We'll calculate your insurance premium based on the prize value and the odds of winning.

Secure Your Event

Based on the promotion we make a tailormade insurance policy. Once you've paid your premium, your event is protected. You can move forward with peace of mind, knowing that even if you have a big winner, your financial risk is covered.

Celebrate the Win

If the big day comes and you have a winner, just submit a claim to us. After we've confirmed everything, we'll cover the cost of the prize. You get to celebrate the win and enjoy the publicity, without the stress of the payout.

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Frequently asked questions

What is Prize Indemnity Insurance?

Prize Indemnity Insurance is a policy that allows promoters to offer large prizes in their campaigns without the risk of a payout. The insurance company takes on the risk and pays out the prize if there is a winner.

How is the cost of Prize Indemnity Insurance calculated?

The cost, or premium, for Prize Indemnity Insurance is calculated based on the value of the prize, the odds of a win, and the nature of the promotional event. Each campaign is unique, so premiums vary. You can get a free quote here.

What types of events can be covered by Prize Indemnity Insurance?

Prize Indemnity Insurance can cover a wide range of events, including sports contests, lottery games, game shows, and marketing or sales promotions. If your event involves a prize, there's a good chance we can cover it.

Why choose Wannet Specialty Insurance?

Wannet is dedicated to providing tailored Prize Indemnity Insurance solutions that fit your specific needs. Our team of experts not only brings years of industry experience but also a commitment to excellent customer service. We offer competitive pricing and work closely with our clients to understand and effectively manage their risks. With Wannet, you get peace of mind, knowing that your promotional prizes are in safe and reliable hands.

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Contact our expert

David Wannet

E-mail: david.wannet@wannet.eu
Mob: +31 6 10068773

Any other questions?

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