Protects against financial risks by covering contingent prizes on behalf of sponsors or promoters.
Our prize indemnity insurance covers a wide range of prize competitions, including online and land-based casino games, hole-in-one competitions, conditional rebates and more. Taking out a prize indemnity policy with us means that you can run these types of promotions without the fear of being seriously out-of-pocket if someone strikes it lucky. Our policies cover the value of prizes offered in scenarios such as:
- Contractual bonus liability
- Lottery jackpots
- Mathematical games
- Sports prediction games
- Sports skill prizes
This type of policy enables companies to offer a substantial prize without risk, paying only a small premium relative to the prize value, but only in cases where the prize is not guaranteed.
Why do I need insurance with GG?
Comprehensive cover for all aspects of the gaming industry.
Understanding Risk
We work with a wide variety of companies across the entire global games industry, regularly consulting industry-leading lawyers and working alongside them to understand and manage risk. This insight and access to specialist expertise allows us to provide the best possible advice, products and service to our clients, enabling us to talk you through the relevant options to your business.
Flexible Policies
The Games Industry is fast-moving and your insurance should always be ready to move with you. Signing a big deal with a new publisher could change the face of your studio overnight and you need to be ready. Unlike other providers, we do not charge any administration fees to make policy changes throughout the year and are always happy to hear from you about new developments to your business.
The Right Cover
We recognise that every client of ours, large and small, has highly unique and business-specific requirements. At GG, we will talk you through all the options available to you and advise on the right cover, based on up-to-date legal advice and our unparalleled expertise. We pride ourselves on working with our clients to build a policy that meets their bespoke needs, with the covers you want and/or need to have.
Global protection for the games industry
We work with leading insurers across the globe.
Start your journey now
If you are looking for Prize Indemnity insurance or are looking to take your existing cover to the next level, get in touch to see how GG can help.