Services

Contingency

Prize Indemnity

Whether you are the insurer of a Prize Indemnity policy, a broker arranging cover or the promoter of an event involving an insured prize, VRA can assist with your needs.

Transparency, confidentiality and independence are essential when Prize Indemnity is involved. VRA holds all of these aspects in the highest regard when supervising and reporting on a Prize Indemnity event.

Our priority is to ensure that events are carried out in accordance with insurers' conditions and instructions.

VRA's detailed reporting provides all parties with required information and insurers can have confidence that all conditions have been complied with in the event of a valid claim.

Supervision - Prize Indemnity Risks

The VRA team has extensive experience across a broad range of contingency events, including:

Lucky 1 in 100
Golf Hole in One
Fishing Competitions
TV Game Shows
Radio Promotions
Skill Based Competitions
Casino Promotions

Our Services

Risk Management
Loss Adjusting
Contingency

Definition: Contingency “Ability for the insured to minimise its financial exposure to an event / series of events and therefore achieve what otherwise may not be possible.”