As a company with a contractual liability to award a winning prize or contract bonus, one that’s usually way beyond your budget, you need iTOO's Prize Indemnity Insurance. This specialised insurance means you can dangle a carrot in any shape, form or colour, whilst still keeping the rest of your business growing. If the numbers align, the ball goes in or the odds actually win, you need prize indemnity that’s expertly gift-wrapped.
Forms & Downloads
Prize Indemnity Insurance Proposal Form
This is the form that needs to be completed when you have a contractual liability to award a prize
Hole in One Proposal Form
This is the form that needs to be completed when you have sponsored a hole in one prize
Why get your Prize Indemnity covered by iTOO?
Leading service and forward-thinking expertise that’s always first prize.
If you’re a brand, company, sponsor or retailer offering promotions, competition prizes, contractual/performance bonuses to sports professionals or teams, then iTOO’s Prize Indemnity Insurance cover is exactly the win you need. Whether it’s a competition based on skill or pure probability, make sure the odds are always in your favour with a cover by the market leaders.
Prize Indemnity Insurance cover includes:
- Hole-in-one putting competitions
- Putting competitions
- Tagged fish competitions.
- Pick an envelope competitions
- Online promotions or sports predictors.
- Promotions linked to sporting achievement.
- Contractual bonuses for athletes and teams.
- Sports half time challenge promotions.
We are different
At iTOO our industry knowledge and service professionalism gives us the edge over our competition. Not only is this specialised cover designed to include a range of competitions, but we can also underwrite any promotion linked to a specific result, driving sales whilst protecting your income should the targeted result materialise.
A putting competition, amongst three finalists, where the first player to sink a 20m putt wins a R100 000 prize.
A national sports team makes it to the semi-finals or finals. In doing so they receive a team bonus amounting to several million Rands.
A Comrades Marathon record is broken, allotting the runner a R1m prize.
You’re in the hands of an expert. You can always be assured of professionalism, quick turnaround times and world-class technical knowledge. We’ll keep you in the loop every step of the way. Simply send us an email detailing your claim and our claims department will contact you for specific details.