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Prize Indemnity

Prize indemnity coverage protects you against the contractual obligation and helps to reduce risk when a large prize is awarded.

What we offer

Beazley has developed a range of prize indemnity policies, designed to help event organizers offer promotions and prizes that add excitement to their events. From hole-in-one and roll-a-dice, to cross bar challenges and envelope picks.

We are happy to work with your clients to create a tailored promotion which fits their budget.

  • Games of Skill - Prize indemnity cover for hole-in-one, half-court basketball attempts, football tosses, and other sporting related contests.
  • Games of Chance - Prize indemnity coverage for lottery and other mathematical games such as spin-the-wheel, dice rolls, etc.
  • Over Redemption - Insurance protection promotions that end up with higher success rates of activation than reasonably anticipated and budgeted for

How can we help

Our underwriters can design bespoke products to satisfy our clients' exact requirements and budget.


Up to $10 million


  • Non-Admitted
  • Open for all worldwide events and US-based insureds
  • New York free trade zone capability
  • Texas Large Risk Exemption capability

Who we can help

  • Media and advertising agencies
  • Sponsors
  • Sporting events
  • Charity events
  • Game shows
  • Retail promotions
  • Brand manufacturers
  • Non-profit organizations

The Beazley Difference


Freedom lies in being bold. We dare to be different and seek bold possibilities to create more innovative, fair and satisfying outcomes for our clients, brokers and employees. From insuring the highest building in the world, to the first commercial lunar vehicle to operate on the moon - we boldly go where others won’t.


Good is a start, but we go all-out for better.  A driven community of individuals relentlessly push the needle and creating value. From launching the market’s first dedicated ESG syndicate to the establishment of our business unit focusing on designing digital insurance solutions, we pride ourselves on always going above and beyond.  Simply put, at  Beazley we go to 11.  


Acting with integrity in a straightforward, decent way is instinctive. Open and honest with others, we show respect and empathy however challenging the situation – demonstrated by our multi-award winning claims team.  Doing the right thing makes for a fair-minded, rewarding environment and makes work and life better for all.

Your Beazley Team

Alexandra Sharps

Alexandra Sharps

Product Leader - US Contingency

Philadelphia, PA, USA

+1 (215) 446 8464

Email Alexandra

Houtan Homaizad

Houtan Homaizad

Underwriter - Contingency

Los Angeles, CA, USA

+1 (213) 228 7741

Email Houtan

Nicholas Hanes

Nicholas Hanes

Product Leader - US Film & Entertainment

New Hampshire

+1 (617) 239 2616

Email Nicholas

Shub Dhakal

Shub Dhakal

Underwriter - Contingency

West Hartford, CT, USA

+1 (860) 674 4626

Email Shub

Mike Wikoff

Mike Wikoff

Broker Relations - West Region/Desert Mountain

Denver, CO, USA

+1 (303) 927 1553

Email Mike

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