10 Minute Expert: Hole-in-One
Discover how iTOO's Hole-in-One Insurance protects tournament organisers from unexpected costs, ensuring that winners receive their well-deserved prizes.
Why get prize indemnity insurance with iTOO?
At iTOO, our industry knowledge and service professionalism when it comes to prize indemnity cover 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, allowing you to drive sales while still protecting your income should the targeted result materialise.
Our comprehensive offer
What's included?
If you’re a brand, company, sponsor or retailer offering promotions, competition prizes, contractual or performance bonuses to sports professionals or teams, prize indemnity cover is for you.
R750K paid out by iTOO for broken comrades record
Clever insurance for clever people
Leading service and forward-thinking expertise that’s always first prize.
How to get cover
Ask your insurance broker to contact us for a quote for your prize indemnity cover. Don’t have a broker and want us to recommend possible FAIS registered brokers trained in our products? Find a broker or contact one of our experts.
Forms and documents
Hole in One Proposal Form
This is the form that needs to be completed when you have sponsored a hole in one prize.
iTOO Prize Indemnity Product Card
This is a concise summary of the product offering, it provides a snapshot of the product's benefits, triggers and valuable partnerships.
Prize Indemnity Insurance Proposal Form
This is the form that needs to be completed when you have a contractual liability to award a prize.
How to claim
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.
Frequently asked questions
Is there anything specific that I as a broker or client should know or do before getting cover for a promotion?
Yes, we need all of your competition or promotion details, including your sales targets and historical sales records.
Can I cover any competition?
No, not all competitions can be covered, we need statistics, probabilities or historical data to enable us to underwrite it.
How does your promotions cover work?
We can underwrite any promotion linked to a specific outcome that can drive sales as well as protect the income of the promoter in the event the outcome materialises. We can work with your or your client’s marketing arm to structure the competition and determine the prize or bonus.
Can the prize be linked to the weather rather than games of skill?
The prize can be weather outcome based.
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