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Conditional Rebate Insurance protects a brands liability to offer money back incentives linked to a pre-determined trigger. A classic example of conditional rebate is a “White Christmas” cash back. Customers who have purchase a qualifying product, would receive a refund if it snowed on Christmas day! In return for an insurance premium, which is a fixed percentage of the sales value, WorldWide Special Risks will fund the cash back, if the snow falls.
There are a whole host of conditional rebate scenarios that you can choose from, or we can create your own…
Football World Cup… If England win the World Cup, anyone who has purchased your product will receive a full refund.
Summer Time… If the temperature hits 100 degree’s then readers of the news paper will receive a free tub of Ice Cream!
Summer Rain… If there are more than 5 rain days in July, anyone who bought your garden furniture will receive their money back!
Worldwide Special Risks have over 20 years’ experience, underwriting risks all around the world. Alongside our Event Insurance and Prize Insurance expertise we now underwrite a range of Accident & Health products.
As an Underwriting Agency and Lloyd’s Coverholder we are able to provide insurance cover with an AM Best A (Excellent) rating, providing our clients with the peace of mind they need knowing their prize fund and budgets are completely secure.
Our expert Accident & Health (A&H) Underwriting team at Worldwide Special Risks offers coverage for an extensive range of personal accident, sickness, travel and medical insurance products, written on a direct or reinsurance basis.