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MNK International provides sophisticated insurance solutions for contingency risks – those situations where neither party to a transaction will accept financial responsibility for potential adverse developments.
While typically low probability, these risks often carry high severity implications. Our approach is to create bespoke policies tailored precisely to the specific circumstances of each situation, delivering protection that addresses unique risk exposures.
Our contingency insurance solutions safeguard against diverse threats to events, productions, and business operations. We structure coverage that responds when circumstances beyond your control lead to financial loss, providing indemnity for ascertained net loss when covered events must be cancelled, postponed, interrupted, or relocated.
We provide expense and revenue protection when external factors necessitate the cancellation, postponement, relocation, or curtailment of planned events. Our solutions encompass:
Our expertise extends across a comprehensive range of contingency risks:
Our contingency team develops specialised products for unique business challenges:
Over-redemption Protection:
Safeguarding against excessive recoupment in promotional campaigns.
Prize Indemnity Coverage:
Financial protection for contests and games of chance with significant prize liabilities.
Contract Bonus Insurance:
Coverage for performance-based payments in sponsorship and endorsement contracts.
Key Person Protection:
Insurance for critical business contributors whose absence would create financial distress.
Transmission Failure Coverage:
Protection against broadcast interruptions for media events and productions.
Our contingency specialists work closely with clients to identify, quantify, and address potential risk scenarios that could impact financial performance or operational continuity.