Market leaders in sports related risk

Transcription

1 Market leaders in sports related risk

2 Industry expertise that delivers Hedgehog Risk is a specialist sports insurance agency that provides bespoke and innovative protection covering the niche financial risks associated with sports performance, sporting events, prize promotions, and fixed probability/skill based games. Our specialist approach and unique experience has helped us build an excellent reputation in the market for knowledge and quality of service. As an industry specialist, few others can match our competitive premiums and level of underwriting expertise. Hedgehog Risk Solutions Ltd is authorised and regulated by the Financial Conduct Authority (ref ) and is a coverholder of Catlin Insurance (UK) Limited, a subsidiary of XL Catlin. You can find out more about XL Catlin at + POSITIVE A by S&P STABLE A by A.M. Best

3 Who we cover Professional sports clubs Sponsors National associations Apparel/equipment manufacturers Event organisers Sponsorship/management agencies Professional sportspeople Lottery and gaming operators Retailers The benefits of a specialist approach Innovative and tailor-made solutions Policy wording specifically drafted for the sports sector Expert underwriting across multiple sports Competitive premiums with a direct client relationship Understanding of the sports specific legal and regulatory landscape Unrivaled expertise with a proven track record A few we have worked with

4 Contractual Bonus Performance bonus incentives are often built into team and player contracts that can create a significant level of liability. Contractual bonus insurance is specifically designed to protect an insured s contractual obligation to award performance-linked bonuses in the event that set performance targets are met (e.g. winning a major championship). Taking out cover enables our clients to budget with certainty, removing unwanted liabilities from their balance sheet. Cover is widely used by sponsors, professional sports clubs, national associations, and event organisers. Sports: We are able to cover a wide range of sports, including but not limited to: Football Golf Rugby Tennis Cricket Ice Hockey Handball Motorsports All major US sports Winter sports Marathon Olympic sports

5 Revenue Protection Adverse or shock sporting results can often lead to a loss in revenue for a wide range of businesses and professional sports organisations, whose balance sheet is directly impacted by on-pitch performance (e.g. broadcast rights, prize money, gate receipts, and hospitality sales). Bespoke revenue protection insurance designed by Hedgehog Risk Solutions can protect clients against lost revenue associated with a number of under-performance outcomes. Policies can be tailored to cover a variety of special risks, including: Test match early finish Failure to qualify Relegation Conditional transfer fees (player transfer)

6 Prize Coverage Our prize coverage enables companies to offer high value prizes for just a fraction of the overall cost, protecting the risk of a winner upon achievement of a particular goal or outcome. We offer a variety of prize insurance encompassing marketing promotions, sporting challenges, and fixed probability risks. Policies are tailored to meet individual requirements and can be categorised as follows: Marketing promotions: Cashback promotions Conditional rebates Predictor competitions (e.g. tournament brackets) Fixed probability: Lotteries Games of chance (e.g. envelope picks / spin the wheel) Skill based games: Crossbar challenge (football & rugby) Nine-dart finish Perfect 147 snooker break Hole-in-one

7 Event Cancellation We provide comprehensive event cancellation cover, which protects the event organiser s financial liabilities should an event have to be cancelled or abandoned due to circumstances outside their control. Regardless of the size of an event we can protect clients against lost revenue, and the incurred costs and expenses associated with the cancellation or abandonment of an event due to: Severe weather Terrorism Non-appearance

8 Injury Cover Professional sport has become a major international business with players and athletes remaining at the heart of it all. A player s injury can be critical to a team s success, or his/her own career and therefore could be a financially debilitating event for both the club and the individual involved. At Hedgehog Risk Solutions our team are able to offer the best in class personal accident coverage that has been specifically tailored for professional athletes, sports clubs, and national associations, in order to protect them from the financial risks associated with: Career-ending injury Temporary disablement Accidental death

9 Contact: To obtain a quote or to discuss with a member of our team, please contact: Luke de Rougemont Director T: +44 (0) M: +44 (0) E: lderougemont@hedgehogrisk.com Saul Paine Business Development Manager T: +44 (0) M: +44 (0) E: spaine@hedgehogrisk.com

10 Hedgehog Risk 40 Gracechurch Street London EC3V 0BT T: +44 (0) E: Hedgehog Risk Solutions Ltd is authorised and regulated by the Financial Conduct Authority (ref ) and is a coverholder of Catlin Insurance (UK) Limited, a subsidiary of XL Catlin. You can find out more about XL Catlin at + POSITIVE A by S&P STABLE A by A.M. Best