Prize Insurance

Prize Insurance is coverage for a promotion or contest in which participants are given the chance to win big prizes. Rather than having to pay for the prize if a contestant wins, the promoter pays a fee to a third party company like Interactive Promotions Group, which then reimburses the promoter for the prize amount should there be a winner. Interactive Promotions Group is an industry leader in contest insurance and technology solutions for contests, games and online promotions.
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