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Hedgehog Risk Solutions: Sports Contingency

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Hedgehog Risk Solutions: Sports Contingency

  1. 1. Welcome to Hedgehog Risk Solutions www.hedgehogrisk.com
  2. 2. Our expert team offers a range of contingency insurance solutions to cover the financial risks associated with the outcome of sporting results, weather and probability/skill based games. Our business is predominately UK and European but we can accept business from elsewhere. We are dedicated to providing contingency insurance solutions primarily focused on Prize Indemnity linked to sports,weather and lottery. Hedgehog Risk Solutions Ltd.is an Appointed Representative of JLT Re Ltd.which is authorised and regulated by the Financial Conduct Authority (Ref 311224).
  3. 3. Our key focus areas are: • Contractual Bonus • Sales Promotion Coverage • Prize Competitions Our full contingency insurance coverage is provided below: Contractual Bonus Cover Sports associations and clubs often build performance bonus incentives into team and player contracts. Sports sponsors may also offer additional bonus payments to their ambassadors for achieving a certain level of success. Taking out cover enables our clients to budget with certainty removing unwanted liabilities from their balance sheet. If set targets are met the client makes a claim for the full bonus amount, enjoying the rewards of success whilst only paying a fraction of the cost. Revenue Protection Poor sporting results often lead to a loss in revenue for a wide range of businesses and professional sports teams. Whether it’s failing to qualify for a European competition, or guarding against relegation, Hedgehog Risk Solutions can arrange protection for clients from lost revenue due to commercially poor results. Hedgehog Risk Solutions Ltd.is an Appointed Representative of JLT Re Ltd.which is authorised and regulated by the Financial Conduct Authority (Ref 311224).
  4. 4. Sales Promotion Cover Retailers often run innovative sales promotions linked to risks that are either weather or sports related. Significant exposures created by such sales promotions can be protected by bespoke insurance policies in order to ensure the costs of running a promotion are fixed from the outset. Hedgehog Risk Solutions provides cover for two main types of sales promotions. Conditional Rebates:a mobile phone retailer offers the following promotion for the latest handset: “If England wins the World Cup, any customer who purchases XYZ Mobile before the first group game will receive a full refund” Cashback Promotions:an airline offers the following promotion in order to increase flight sales: “Buy a return ticket to one of our promoted destinations, and we will offer £20 cashback on your purchase for every degree above 30º during your stay” Prize Competitions Hedgehog Risk Solutions offers contingency insurance solutions for a variety of probability and chance based games that enable companies to offer high value prizes for the fixed cost of an insurance premium. Prize competitions can be categorised as follows: Probability Risks:risks are calculated using mathematical based probability. Examples of this type of risk are: • Lotteries • Roll-a-dice • Envelope picks • Number matches Skill based:coverage is available for prizes linked to sports contests that require a degree of skill. • Cross bar challenge (rugby & football) • Half-court and full court basketball shots • Crowd participation (catch the ball; cricket) • Perfect 147 snooker break • Hole-in-one cover; Hedgehog Risk Solutions can provide cover for both professional and amateur golf events, with limits ranging from £25k - £1m. Hedgehog Risk Solutions Ltd.is an Appointed Representative of JLT Re Ltd.which is authorised and regulated by the Financial Conduct Authority (Ref 311224).
  5. 5. Hedgehog Risk Solutions Ltd.is an Appointed Representative of JLT Re Ltd.which is authorised and regulated by the Financial Conduct Authority (Ref 311224). Hedgehog Risk Solutions Ltd. 40 Gracechurch Street London EC3V 0BT T: +44 (0) 20 3440 3800 E: enquiries@hedgehogrisk.com www.hedgehogrisk.com Luke de Rougemont Director T: +44 (0) 20 3440 3804 M: +44 (0) 788 688 8854 E: lderougemont@hedgehogrisk.com Devam Sukhija Director T: +44 (0) 20 3440 3802 M: +44 (0) 789 606 6007 E: dsukhija@hedgehogrisk.com Saul Paine Business Development Manager T: +44 (0) 20 3440 3803 M: +44 (0) 795 015 1925 E: spaine@hedgehogrisk.com The Management Team

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