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A wide range and variety of risks make up prize indemnity. The most common examples are the corporate Hole in One golf competition and the Roll a Dice event at fundraisers or similar.
However many unusual risks can also be covered, as long as there is an element of chance, other examples being,
Maximum "147 break" at snooker
"Nine dart finish" in darts
"Triple crown" of 3 Class A horse or greyhound races
In addition to the above, assumed financial liabilities can also arise from many forms of sales promotions & competitions, such as
Forecasting sport results
Predicting outcomes such as Goal of the Month or Spot the Ball
Choosing 10 winners from selected events in major Athletic competitions
Lotteries
Cash rebates on goods if condition met, eg Snow on Christmas Day
For more information contact our specialist prize indemnity insurance team on 020 8288 3501 or by email at prize@pcmrisksolutions.com
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