Welcome to. Hedgehog Risk Solutions. Experts in Sports Risk.

Transcription

1 Welcome to Hedgehog Risk Solutions Experts in Sports Risk

2 We are dedicated to providing contingency insurance solutions to the sports industry, primarily focused on prize indemnity linked to performance, personal accident and event cancellation.

3 Our expert team offer a range of insurance solutions to cover the financial risks associated with sports events and 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. Hedgehog Risk Solutions Ltd is authorised and regulated by the Financial Conduct Authority (Ref ).

4 Our key focus areas are: Contractual Bonus Revenue Protection Sales Promotion Coverage Prize Competitions Event Cancellation Personal Accident Insurance (Professional Sport) Our full range of 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.

5 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 authorised and regulated by the Financial Conduct Authority (Ref ).

6 We provide 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. Event Cancellation Event cancellation insurance is viewed by many sports event organizers as a required purchase rather than an optional one. Regardless of the size of an event, Hedgehog can offer a policy to protect clients against lost revenue and the incurred costs and expenses associated with the cancellation or abandonment of an event due to: Adverse weather Terrorism Non-appearance

7 Personal Accident Insurance (Professional Sport) Specialised protection for professional athletes, sports teams, and associations. With rising broadcast revenues and new lucrative sponsorship agreements, professional sport has become a major international business with professional players/athletes remaining the most important asset to sports teams and associations. Hedgehog provides personal accident insurance for professional athletes, sports clubs and associations, covering the financial risks associated with: Career-ending injury Permanent total disablement Temporary total disablement Ongoing medical expenses Accidental death Hedgehog Risk Solutions Ltd is authorised and regulated by the Financial Conduct Authority (Ref ).

8 The Management Team Devam Sukhija Director T: +44 (0) M: +44 (0) E: Luke de Rougemont Director Hedgehog Risk Solutions Ltd. 40 Gracechurch Street London EC3V 0BT T: +44 (0) E: T: +44 (0) M: +44 (0) E: Saul Paine Business Development Manager T: +44 (0) M: +44 (0) E: Hedgehog Risk Solutions Ltd is authorised and regulated by the Financial Conduct Authority (Ref ).