Prize Insurance Products

Your prize promotions success can be limited by the capital you have to invest in the prize.

Prizetech contest prize insurance also called prize indemnity insurance allows you to offer a much larger prize at a lower cost for your competition, promotion or event. By having promotional insurance you can offer a more attractive prize thereby ensuring a successful prize promotion.

Prize insurance mitigates the risk of having a large payout by insuring your promotion and limiting your financial risk.

Our Prize indemnity insurance allows you to provide large prizes for a small percentage of the real cost of the prize so you can offer an enhanced competition experience with incredible insured prizes.

Prize promotions are an awesome tool to increase visitation and revenue over a promotion, your promotions impact will be enhanced significantly with a head turning prize.

Your business can use Prize Indemnity insurance to promote your event, venue or product; you insure in case the prize is won – if there is a winner we pay! The cost is based on a combination of the prize/s value and the probability of a winner.

Businesses of all sizes can really enhance your promotions using our Prize Indemnity Insurance. It’s usually the most cost effective way to market your business, promote a brand, capture data or stand out from your competitors.

You can run prize competitions in so many different areas, some are on the products tab, a further list includes:

• Sport Promotions
• Envelope draws
• Games of chance including wheel spins or draws
• Game of skill, such as predicting the AFL/NRL Table or finishers in a major horse race
• Weather based insured promotions (rain / heat / snow etc.)
• Golf Hole in One Prizes
• Safecrack insured competitions

Prizetech has some fabulous promotional technology including Safecracks, electronic wheels, dice rolls and sophisticated draw technology. Our technology meets the compliance and transparency requirements of the NSW Office of Liquor and Gaming and the Queensland Department of Liquor and Gaming.

Prize Insurance for Competitions and Promotions

Our prize indemnity insurance is all provided by Lloyd’s, the world’s pre-eminent insurance market.  Prizetech have over 20 years’ experience providing prize indemnity insurance in Australia so we have full authority from Lloyd’s to issue and administer every aspect of the insured promotions in Australia.

And Prizetech provides you with all solutions for your promotion including:

• Prize Indemnity Insurance
• Legal Compliance; approved Terms and Conditions specifically drafted for your promotion by experienced promotional lawyers
• Permits which are required in NSW and ACT.
• Pre Draw technology, the laws in all states and territories impose strict criteria on companies (directors are responsible) obligations over the transparency of the pre draw.
• Draw Technology
• Draw Supervision

If you need ideas for your promotion you can contact Prizetech by using the web form or by phoning us on 1800 986 445.

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