Prize indemnity insurance sometimes referred to as Hole-in-One insurance, is an insurance product that allows businesses to run promotions offering high-value prizes that they would not otherwise be able to fund.
Prize insurance allows you to operate within a fixed budget knowing that you will not have to cover any extraordinary prize winnings. Regardless of whether the major prize goes off or not, your liability will be capped at the agreed price of the insurance premium.
Our Prize Insurance cover make it possible for you to up the excitement stakes by offering customers flashy prizes such as a new car, world trips and large cash sums up to $1Million.
The premium you pay is directly related to the likelihood of a payout. For example, a “Chance to Win” sweepstakes style promotion with a major prize of $1million would cost you between 2% to 9% of the prize value ($20K– $90K) and is underwritten by Lloyd’s of London.
For a quote tailored to your specific need drop us a line today either by using our enquiry form below. sending an email to enquiries@prizeinsurance.com.au.
We are part of the Loyalty.com.au network of sites encompassing insuredprizes.com.au who has over 20 years experience in the gaming and insurance industry.
Make your next online promotion stand out by offering a high value prize!
Imagine running an event for your clients and offering $1Million for a hole in one!
The dream of winning a NEW CAR still captivates people! Find out how you can do it too.
For Hole In One insurance, please use the form on this page.
