What Is Contest Insurance?

Written by Business Insurance on . Posted in Contest insurance, Hole in one coverage

Hole in one car insurance
It feels like you’ve got enough to worry about when organizing your event. You’ve got to make sure that the golf sponsor signs are set up correctly, that enough participants have registered, and all kinds of other tedious administrative tasks. There’s one task whose importance should trump all else: securing the proper contest insurance coverage. But what is contest insurance? You’ve been warned to get it, but only have a vague concept of the notion. Is it really that important? Contest insurance is a contractual agreement that reduces the risk of offering a large prize for a contest. Say for example that the main event of your contest is to have someone sink a hole in one on a particularly difficult c