How Companies Benefit From Prize Indemnity Insurance
Have you ever wondered how companies can afford to give away millions of dollars to contest winners for a half-court shot, hole in one or in store promotion? Not all companies are able to take money out of their bottomline to cover a $1,000,000 prize. So how do companies cover the prize? The answer is Prize Indemnity Insurance (or indemnification insurance). But unlike other insurances that cover you from things going wrong, prize insurance covers [...]