Prize Indemnity insurance

Colourful carnival sign which reads win prizes

Prize Indemnity Insurance helps reduce volatility in your balance sheet when large prizes are offered.

As well as insurance, we offer a full consultancy service to help assess whether the prize is too easy or hard to win, whether the prize values offered are within your budget and also advising on prize security, an often overlooked aspect.

Brand managers can have mixed feelings about people winning their prizes. You want people to win for the PR, but financing a prize can be costly.

Providing prize at events can add additional values to the organiser. For example, a Premier League football club could run a half time challenge at every home game, generating revenues from naming rights and sponsorship, increasing fan engagement, whilst financing the prizes utilising prize indemnity coverage.

Some of the types of competitions we’ve helped with:

Hole in one
Crossbar challenge
Half-court basketball shots
Lotteries
Safe crack games
Envelope picks
Birthday wheel
Dice roll
Lotteries
Pick and win
Scratch cards
Game shows
Web-based gaming.

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What to do if you are experiencing financial difficulties

We recognise that the current economic conditions are putting pressure on many households and businesses. At Howden, we are committed to finding ways to assist our customers who may require additional support during these times.

If you’re currently facing financial difficulty, please speak to us about your insurance policies by:-

-contacting your Howden Service Team;
-calling Howden on 020 7623 3806;
-using the Enquiry form.

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Prize Indemnity insurance