“Prize Indemnity” will cover the risk of awarding the prize that can be offered in special contests or upon achievement of a particular goal. “Prize Indemnity” coverage will assist in:
- Lottery (game of probability)
- Hole in One in golf, Half Court Shot in Basketball, Field Goal Kicks in football (game of ability). These are all sport challenges that will allow participants to win the prize if they are able to reach the goal.