Prize Insurance Melbourne
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Add Excitement to Your Tournament with Prize Insurance in Melbourne
When you want to draw attention to your tournament or competition with an exciting top prize, you should play it safe by acquiring prize insurance in Melbourne. For any ‘jackpot’ style award, don’t take the risk that you’ll have to empty your accounts, but instead turn to experienced and professional insurance brokers to protect you against the odds.
Common Mistakes People Make Regarding Prize Insurance in Melbourne
There are several significant mistakes people can make when first considering this insurance:
- The biggest error is not investing in it. Like many tournament and competition organisers, you benefit from an exciting, flashy prize to attract attention. While it may be unlikely that anyone meets the conditions to earn it, it’s still possible and you don’t want to be caught without the necessary finances to fulfil the prize.
- On the other hand, it’s possible to have the misconception that prize insurance will cover all prizes, including the basic, common prizes. This is not the case, as prize indemnity insurance is reserved for those 1-in-10,000 style awards.
- Don’t ignore having clear and explicit terms and conditions. If you make an error when defining the competition and what determines success, you may open yourself up to unnecessary liability.
Avoid these potential mistakes to ensure that you are protected and can safely host the tournament you desire.
Problems Prize Indemnity Insurance in Melbourne Addresses
Quality prize insurance
is helpful in many situations:
- Hole in one prize insurance is one of the most common prize indemnities in the market. Golf tournaments are renowned for offering a special prize for those who hit a hole in one. The odds tend to be quite low, but some people can make it happen, so prize insurance has you covered with rates as low as $388 for $10,000 in coverage.
- Envelope draw prizes are another common reason for prize insurance. These are an exciting way to engage your customers and generate buzz for your events.
- Skill-based prize insurance is the parent category for hole in one insurance but covers all manner of skill tests. This includes soccer kicks, baseball throws, basketball shootouts, archery shots, and more. Any sports-based competitive activity gives you an opportunity to enhance your event. Protect yourself so you can get in on the excitement and not worry about the finances if someone makes a once-in-a-lifetime shot.
You are free to enjoy the excitement with your customers when they win against the odds by investing in prize insurance.
What You Stand to Lose If You Don't Use OzPrize and Weather Insurance Specialists
We have decades of experience in the industry and are underwritten by Lloyd’s of London for our prize insurance. Let us streamline the process for you and offer you the peace of mind you need to enhance your events beyond the basic. With OzPrize and Weather, you’ll get comprehensive coverage at competitive pricing. Contact us today
for a full quote or to learn more about our prize insurance coverage.
Experience
With 33 years of industry experience, you can rest assured OzPrize and Weather Insurance will offer a professional and efficient service.
Licenced
We are fully licenced and insured to carry out services for our valued clients. You can have the peace of mind you’re always protected with OzPrize and Weather Insurance.
Tailored Service
We’ll collaborate with you to ensure our services are tailored to suit your specific needs. We commit to providing a unique experience for every client.
