Promotions and prize offers can be a valuable way to attract customers to your business. They come in a variety of shapes and sizes, from small, local retailer prize draws to sweepstakes at national sports events and online casino promotions. Our products are designed to help you run these activities without the fear of a huge financial loss.
Our event cancellation cover provides cover when your event is cancelled or abandoned due to unexpected circumstances, it will also cover the additional expenses that may be incurred to keep your event running. All types of events can be covered and we have extensions that allow you to protect against, adverse weather, act or threat of terrorism and national mourning.
Prize Indemnity Cover
Our prize indemnity policy covers a wide range of prize competitions including hole in one competitions, sports skill contests, contractual bonuses, predictor games, conditional rebates, mathematical games, online and land based casino games, lottery jackpots and more. This means you can run these types of promotions without the fear of being seriously out of pocket if someone gets lucky.
Our over-redemption policy comes into play when special promotions and service offerings achieve a greater response than you had anticipated. This cover applies to on-pack and in-store promotions, response-based direct mail, loyalty programs, gift card programs, pre-paid credit cards, paper and electronic coupons, and other activities that have a quantifiable cost associated with each response
Although you might find other providers of contingency cover, few are able to offer a sufficiently high limit if you are running a large promotion. At CFC, we can offer some of the highest limits available: £20m (£5m Event Cancellation) in the UK. Our meaningful limits mean you don’t have to shop around for several providers to find cover, saving you time and money.
We understand that all promotions and prize competitions are different, so rather than giving you a generic, one-size-fits-all product that might not be relevant to you, we are flexible and offer policies with coverage tailored to your specific needs.