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Special Event Liability Insurance, Event Cancellation Insurance, Weather Insurance, Prize Indemnity insurance, - directeventinsurance

What is prize indemnity insurance?

What is prize indemnity insurance?
Prize Indemnity Insurance covers the loss an event holder suffers when a contestant wins a large prize such as a car, vacation, or anything of substantial value. It enables event planners, organizers, and promoters to offer exciting contests with prizes that greatly exceed their budget. It can also be referred to as “contest insurance”.

By insuring the amount a participant may win, the risk of loss is passed to the insurer, which in this case is Direct Event Insurance. Generally, the cost to purchase a prize indemnity policy is minimal compared to the prize it covers. The small investment is recouped through higher attendance, community visibility, and revenue.

This contest coverage empowers your creative energies by expanding the scope of activities you can offer. A variety of different events can be held that will exceed your clients expectation.

hole in one
putting contest
golf shootout
football toss
football field goal contest
hockey red line shot
hockey blue line shot
basketball half court shot
basketball 3/4 court shot

You plan an awesome event, purchase prize indemnity insurance to offer a huge payout to the participants, and Direct Event Insurance takes on the risk.
Begin a quote for prize indemnity insurance.

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