Hole in One
What Beacon Hole in One cover?
Beacon Hole in One is a prize indemnification policy. You insure the prize before the tournament, and if a golfer makes a hole in one on the insured hole, the policy pays the prize, not you.
The program is built around two coverage options, depending on how your tournament runs.
Single Tournament Coverage, for one-day events, corporate outings, and standalone fundraisers:
Prize limits up to $100,000, scaling from modest gift certificates to flagship car prizes
Individual hole coverage, insuring one specific hole at one tournament
Multiple hole coverage, insuring two or more holes at the same tournament
Multi-round coverage, for tournaments that run across more than one round
Seasonal Tournament Package, for clubs and organizers running a full season of events:
Prize limits up to $50,000 per policy
Covers 5, 10, 15, or 20 tournaments on a single policy, matched to your season’s schedule
Both options include the Prize Reinstatement Option. If a winner is declared, the full prize is reinstated so the next golfers attempting the insured hole still have a real prize to play for, available for an additional premium.
Why Beacon by SPG Canada?
- Competitive rates, pricing that lets organizers offer a serious prize without a serious premium
- Two coverage structures, Single Tournament or Seasonal Package, matched to how your events actually run
- Prize Reinstatement Option, keeps the tournament exciting for every group, not just the one that wins
- Sponsorship-friendly, built for the way sponsors and organizers actually structure prize packages
