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COMMERCIAL
SERVICES
Prize Indemnity insurance - events and promotions|
Applicable to wide range of competitions, e.g. roll-a-dice, newspaper
competitions, major sporting promotions, direct mail incentives, charity
fund raisers, exhibition stand incentives, lottery promotions, bonus
(performance related) indemnity 1. Prize Indemnity | |
 | Pays organiser for individual prize or range of prizes |
| Prize(s) offered for exceptional performances, e.g. 147 snooker break, course record marathon, multi-win horse race sequence |
|
Choice of cover for one payout or multiple wins 2. Over-Redemption |
| Pays organiser for excessive claimants for promotion |
| Usually related to sales promotion with offer attached |
| Prizes offered for response to promotion, e.g. all-correct quiz, sporting quiz, new for old purchase |
|
Choice of levels of cover from full indemnity to partial contribution 3. Pays organiser for costs of cancellation by supplier |
| Refund of ticket/entry fee |
|
Costs of rearrangement with another supplier NB: All the above may be arranged either by organiser or supplier of prizes depending on contract terms |
1 This summary is representative of the cover which is available from one or more but not necessarily all of the featured administrators
2 You should check the cover offered to make sure it meets your minimum requirements
3 SISA does not 'guarantee' either the featured administrators or their cover
4 If you are unable to obtain a satisfactory response from any featured administrator you may e-mail your enquiry to info@sisa.co.uk. You will be asked to pay an enquiry charge.