This insurance solution falls under the scope of Pecuniary Losses, applicable when a sponsor or sports club offers prizes or incentives to athletes (e.g., Hole in One). It guarantees protection to the Insured against risks related to offering prizes or awards contingent upon the achievement of a specific result. For example, it insures the sponsor should the athlete or sponsored team win a championship, a cup, or break a record.
Performance targets can be set according to the specific sport and athlete, as this coverage is applicable to any sporting activity.
