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(+123) 456 789 000

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Travel Insurance Quote

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Car Insurance Quote

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Life Insurance Quote

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House Insurance Quote

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Sports/Prize Indemnity Insurance

Indemnity insurance for a promotion in which the participants are offered the chance to win prizes? That’s right. Instead of keeping cash reserves to cover large prizes, you pay a premium to an insurance company, which then reimburses the insured should a prize be given away.

One of the more common forms of prize indemnity insurance is hole-in-one insurance. Hole-in-one insurance reimburses tournament organizers for the cost of awarding a hole-in-one prize in the event a tournament participant successfully hits a hole-in-one during the tournament.

In addition to hole-in-one insurance, MDM Group can help you put together programs with coverage for other types of contests. For example, contest coverage can frequently be purchased for contests such as half-court shots in basketball, field-goal kicks in football, home runs in baseball and blue-line goals in hockey.

MDM Group put together indemnity insurance for a company that wanted to give away $10 million dollars if the randomly drawn contestant kicked a 50 yard field goal during a nationally televised New Year’s Day football game. Our client paid the premium which transferred the risk of losing $10 million dollars to the insurance company. Instead of being nervous about having to pay $10 million dollars, our client was rooting for the contestant to kick the field goal and win the money.

Company Information

MDM Group Associates, Inc.

2620 S. Copper Frontage, G-3
P.O. Box 775330
Steamboat Springs, Colorado 80477
1 800 942 5913
970 879 5560
970 879 1462 - Fax


4177 S. Quebec Street
Denver, Colorado 80237
P.O. Box 77533
1 800 600 6617
303 252 1828


3422 Old Capitol Trail, Suite 928
Wilmington, Delaware 19808
1 800 942 5913

Contact Details

Mike McNasby
mmcnasby@mdmgroup.net

1 800 600 6617