A major golf club engaged a world class golfer to appear in the club’s prestigious annual tournament for 2 years. Not only was the appearance fee astronomical, but the golfer had included a special clause in the contract that allowed him to double his fee if he won a major golf tournament prior to his contractual engagement.
The golf club engaged us, and requested our assistance in seeking coverage against this special clause. Not only was this an unusual request, our client had also set a deadline of ten days.
Our team worked around the clock to reach out to our global network partners and found coverage in overseas markets. This new coverage was effected on a public holiday – special arrangements had to be made to ensure that the premium was remitted to the insurer before the tournament started.
Our client’s tournament went ahead with the star player on the leader’s table, fully insured against any future risks to their annual event.