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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.

445 Anglers Drive, Suite 2C
P.O. Box 775330
Steamboat Springs, CO 80487
1 800 942 5913
1 970 879 5560
1 970 879 1462 - Fax


7667 South Roslyn Ct.
Centennial, CO 80112
1 800 600 6617
1 303 252 1828


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

Contact Details

1 800 600 6617

Mike McNasby
mmcnasby@mdmgroup.net