Prize Indemnity Insurance

It’s a New Car!!! – Prize Indemnity Insurance

Prize Indemnity Insurance is a great way to put forward a substantial prize such as a new car, a holiday or even cash as a prize in a competition.

Why Prize Indemnity Insurance?

Prize Indemnity insurance is a great way to put forward a substantial prize such as a new car, a holiday or even cash as a prize in a competition. It can be used by charities, sporting clubs, schools and other institutions to raise funds without the exposure of having to payout if a prize is won. In short the insurer calculates the risk premium based on the prize value itself, the possibility of the prize being won, the number of participants and other factors so the fund raiser pays a premium to the insurer and if the prize is won, the insurers pays it out.

What our clients say

“An ongoing relationship”
We have had an ongoing relationship with Ian Jones Insurance for some years now. The reason we continue to do business with the company is because we are impressed with the high service level, the speed at which the quotes are produced, the competitive pricing and the assistance that is provided. Our current account executive, Amy Thompson, embodies all of these qualities and is a joy to deal with on every occasion
Annette and Andrew Metcalf
“Always do a great job”
Carmen, I appreciate all your help. I must say since I've had all my insurances with you, how happy I am with the service provided. You always do a great job. Many thanks
Dietmar Lederwasch
“Strongly recommended”
It's refreshing to see someone who takes a great deal of interest in our business to ensure that they get the complete picture of what we do. Ian Jones Insurance Brokers seem to go that extra mile to make sure that we know what we have and how it needs to be protected. We would strongly recommend dealing with Ian Jones Insurance
Josh Ferris, Director, Ferris Building Pty Ltd
“Professional service and quality advice”
Over the past 17 years Ian Jones Insurance Brokers has provided us with a variety of business, motor vehicle and home insurance policies. Ian and his staff have always provided professional service and quality advice as to the most suitable policy and options relating to our needs. On the occasions when we have needed to make a claim, the service has been prompt with regular follow ups to ensure the process was moving smoothly. I have recommended Ian Jones Insurance Brokers to friends and business colleagues with full confidence and have always heard nothing but great responses from anyone who has utilised Ian and his staff for the provision of insurance services.
Geoff Grimley, Business Principal, Rapport IT Solutions
“Courteous, friendly and professional”
Every time we need to call and get some insurance advice or assistance, we get the answer to what we need to know, efficiently and in a courteous, friendly and professional manner. That's why we have insured our business and other assets with Ian Jones Insurance Brokers for the past 10 years
Craig Young, Director, Windsor Products Pty Ltd
“Excellent advice & service at a very reasonable price”
A number of our Andersens stores currently use the services of Ian and his team and he has presented at our conferences in the past. I have found him to provide excellent advice and service at a very reasonable price
Brian Cooper, CEO, Andersens Carpets
“Pleasant & professional”
Just a quick note to say how much I appreciated the attention to my insurance renewal by your employee at Raymond Terrace office, Kai Cameron. It was only a matter of hours before he got back to me with a better price for my house and contents insurance which I was pleased to accept. I just wanted to tell you that I found Kai to be a very pleasant and professional, a credit to your office.
Andrea Waddell
“Highly recommended”
We have used the services of Ian Jones Insurance Brokers for over 14 years now and have found the overall service and professionalism to be of a 1st class standard. The most important aspect we found was the speed and efficiency of claims handling and management. Highly recommended
Prof. Tim Roberts
“We saved a lot of money”
We were delighted with the service we got from Kai at FloorInsure Insurance. Not only was everything dealt with promptly and efficiently but we saved a lot of money as well. We would recommend them to anyone and look forward to a long association with this company
Eileen McIntosh, Chaz Floors and Blinds
“Outstanding”
What a pleasure to be able to comment on the outstanding difference your company has made to the management of the rather complex insurance portfolio I presented. I was shocked to find after your initial review that I had been paying some insurances for years that would never have been paid out should I have a claim and this included a house in a bushfire zone. The courteous interactions with your professional staff are always helpful, and even enjoyable. Thank you
Prof. Robert Clancy, AM
“Easy to understand terms”
It’s great to have someone providing insurance product information with great knowledge….even better when they can spell it out to you in easy to understand terms
Brad Jones, Director, Admix Media.
“A natural part of our business”
I have had a relationship with Ian Jones Insurance for many years now. They feel like a natural part of our business to be involved with
Mez Sheehan, Managing Director, MPM Group of Companies
“Fantastic to deal with”
They’re fantastic to deal with. We would always recommend that other businesses give them a go because they make insurance easy
Brett Young, Director, Miraclereach Pty Ltd
“The right information to make the right decision”
The people at Ian Jones Insurance Brokers will always let you know what insurances are suitable to your particular situation so at least you know what you can do about it with the right information so as we can make the right decision
Peter Sutherland, PJS Plumbing Pty Ltd
“We would never change Insurance Companies.”
Many thanks Kai. As always, I really appreciate your quick response and assistance with anything to do with our Insurance. For that reason alone, we would never change Insurance Companies.
Eileen McIntosh, Coastal Flooring Xtra
“Trouble Free”
Our dealings over the past 20 years with Ian Jones Insurance Brokers has been completely trouble free which, to our business, is paramount. Insurance can be time consuming and one of those business transactions that requires total trust and they give us 100% confidence in their professionalism and knowledge
Dr Ed Kosy, Director, ABC Orthodontics
“Cover your Assets”
You don't usually give a great deal of thought about insurances that you have until the worst happens, then it's all you think about. The advice we get from Ian Jones Insurance Brokers makes it obvious that they have done the thinking for us. They have enabled us to recover from losses over the years that bring comfort in knowing that they have done what their catch phrase states - Cover your Assets
Sam Miranda, Sam Miranda of King Valley Pty Ltd

Personal & Professional. Put us to the test!

Call Ian Jones Insurance Brokers today at +61 (2) 4929 5990 for a quote and advice on what you need to get your prize covered.

GET STARTED CALL US ON 02 4910 3900

Frequently Asked Questions

What is Prize Indemnity Insurance?

Prize Indemnity insurance is a class of insurance taken to mitigate the potential cost of someone winning a prize on offer such as cash, motor vehicle, a holiday in some sort of competition. A premium is paid to an insurer in return for indemnification of the potential cost of the prize if it is won.

What is an example of Prize Indemnity Insurance?

An example of this may be a ‘hole in one’ at a golf event where if someone succeeds at doing so, a prize may be awarded such as a new car. If successful the player would win the car which would, in turn, be paid for by the insurer, thus leaving the event organizer protected.

Prize Indemnity Insurance

It’s a New Car!!! – Prize Indemnity Insurance