Big prize. Small budget.
Prize Indemnity Insurance for Contests and Promotions
Offer headline-grabbing prizes, hole-in-one cars, half-court money, million-dollar putts, sweepstakes, for a fraction of the prize value. We pay if someone wins.
Quote in minutes. Your application is automatically saved as you go, and coverage dates include setup and teardown automatically.
Coverage starting at $499
Actual premium may vary based on underwriting review and event-specific factors.
- Prize Limits
- $1M+Prize Limits
- Of Prize Value
- 8 to 15%Of Prize Value
- Premium
- $499+Premium
- Deductible varies by contest
- AppliesDeductible varies by contest
- Rated Carrier
- ARated Carrier
What it covers
- Hole-in-one prizes (cars, cash, vacations)
- Half-court and full-court basketball shots
- Field-goal kicks and football accuracy contests
- Hockey shootouts and puck-shot promotions
- Million-dollar putt and golf chip-in contests
- Baseball pitches, batting cage, and home-run derby contests
- Sweepstakes grand prizes when underwritten in advance
- Games of chance: lucky number, dice roll, card draw, prize wheel
- Over-redemption promotions (rebates, coupons, free-product offers)
- Trade-show booth contests and brand activation prizes
What it doesn't cover
- Skill contests where the contestant has practiced the exact shot
- Prizes where odds cannot be statistically modeled
- Contestants who don't meet the rules (under age, employees, etc.)
- Prizes awarded after the policy period ends
- Contests with rule changes after the policy is bound
Pricing examples
Actual premium may vary based on underwriting review and event-specific factors.
- Hole-in-one, $10,000 prize, 150-yard par 3$295 to $495
- Hole-in-one, $25,000 car giveaway$695 to $895
- Half-court shot, $10,000 prize, single attempt$395 to $595
- Million-dollar putt (50-foot)$2,500 to $4,500
- Trade-show 'pick the lucky number' $5,000$395
How it works
- 1
Describe the contest
Tell us the prize value, contest mechanics, and rules.
- 2
We model the odds
Our actuaries set premium based on statistical odds.
- 3
Run the promotion
If someone wins, the carrier pays the prize directly.
For organizers
One link. Every vendor covered. Stop chasing certificates.
Built for trade show, expo, and convention organizers. Each vendor enrolls in their own AM Best-rated general liability policy ($1M per occurrence / $2M shared group aggregate), as low as $100 per vendor depending on the number of vendors, event location, and event type, paid by the vendor. Designed for low-risk vendor categories.
From David
Prize indemnity is the only product where I get to root for the contestant. Tell us the prize, the odds, and the rules; we set the premium and back the payout. If somebody sinks it, the carrier pays them directly. You get the headline, they get the car.
Prize Indemnity Insurance FAQ
Related coverages
Built for these events
By the numbers
- Years protecting events
- 15+
- States served
- 50
Founded in 2011
Licensed in every state
Ready for prize indemnity insurance?
Start online in minutes. Save and resume anytime, you'll receive a copy by email.
Need help? Call David at (833) 315-4791