The competition insurance is a marketing tool for the organiser (= company) to insure attractive promotions. The organiser takes the risk that he will suffer a financial loss if a participant wins an awarded prize. This risk can be covered with a competition insurance. This insurance allows the organiser to award higher and more attractive prizes or rebates because he is reimbursed by the insurance company if a prize is won. Examples of promotions: Competitions in the halftime show during a sport event, goal-shooting, basket-shooting, discount campaigns, crack a code on a safe, “Hole in One”, lucky wheel, weather forecast, games of skill etc.