The gaming industry faces a challenging combination of exposures which HKMB fully understands. While the options for placing gaming facility risks are currently somewhat limited, HKMB has strong relationships with specialized carriers that can arrange the coverage you require.
Owner/ Operators of gaming facilities like bingo halls, casinos and billiard halls need to insure against things such as slip and falls, theft and damage to premises. Additional coverages to consider if you are in the gaming industry or planning an event with a gaming element are Event Cancellation Insurance and Prize Indemnity.
Event Cancellation Insurance
Event Cancellation Insurance provides insurance for a financial loss if your event is cancelled or postponed by an insured peril out of your control. Coverage can include costs such as advertising, rent, and pre-paid fees. It can also be extended to the non-appearance of an individual who is key to the event and/or cancellation of the event due to adverse weather (both coverages are subject to additional premiums).
Prize Indemnity
From that sports car hole-in-one prize at the company golf tournament,
to a $1,000,000 field goal kick promotion, Prize Indemnity promos are
designed to increase event attendance and market exposure for the prize
sponsor without blowing the sponsor’s marketing budget.
HKMB’s Sports and Entertainment practice can help you with Prize
Indemnity promo ideas that suit your event, promotional needs and budget.
