If you’re interested in giving your fans a chance to win BIG with a promotion or contest, you may have seen a lot of prize insurance offers that can cover the full amount of the prize. Those $10,000 half court shots, or $250,000 pick the winning envelope games all fall under the prize indemnity umbrella.
However, is prize insurance too good to be true? What’s the catch?
How Is It Possible?
How is it possible to give your customers and fans a big prize outside of your business budget? The answer is that you’re paying a premium which is a fraction of the prize amount that is actually being given. By setting up a policy, you are ensuring that you won’t have to pay for the prize if a contestant wins. So no risk and no catch. We reimburse the promoter for the prize amount should there be a winner. Your contestant takes home the prize without having to risk a penny.
When Is Prize Insurance A Good Idea?
When you want to give your fans a shot to win a BIG prize that is not within your budget, coverage is a good idea. Or if you want to market your brand with a fun and exciting contest or promotion, you can’t go wrong with prize insurance.
How Can I Get Prize Insurance?
Reach out to an insurance provider. Interactive Promotions is a reputable company backed by a trusted carrier. Find out more about our risk-free contest and promotions by giving us a call! Our representatives are ready to assist you at 888-882-5140! Or email us at firstname.lastname@example.org