SPORTS/PRIZE INDEMNITY PROMOTIONS

MDM can actually insure any bonus built into a contract.

The bonus could be between a sponsor and a race team or a club and it's athletes. These contractual bonus guarantees can go beyond sports.

Non sporting businesses can run prize promotions based on sporting events. Examples would be predicting finishing orders, number of medals won by a certain National Olympic team, hole in one, 300 bowling games, no hit baseball games, short handed goals in hockey, half court basketball shots by non professional ....

MDM can work with you to adjust prize amounts, odds, rules.... to accomplish a given budget.

There are two basic types of prize insurance - mathematical or chance

1. Pure mathematical expectancy of loss can be calculated for any numbers game. Lotteries, scratch or tab cards, bingo, wheel of fortune, TV game shows and any type of miscellaneous number game can be considered. Take a lottery, for example, where a client can afford to bear a $2,000,000 weekly prize from sales revenue but wishes to offer monthly tag on jack pot of $5,000,000 to attract more sales. Mathematically, depending on the lottery configuration, it might be expected the tag on jackpot is only won once every two years but the client runs the risk it could be won the first month or indeed the second and third month consecutively! Prize Indemnity Protection transfers such risk to insurers so the clients bottom line exposure is known up front.
2. Chance prize indemnity can cover any fortuitous happening from the well known prize for achieving a hole in one to prizes given if it snows at Christmas or the protection of contracted sports bonus payments for sponsors or others. We are open to any imaginative ideas suggested.

MDM can provide coverage for:

• If an event is canceled, abandoned, curtailed or postponed
• When sponsoring an event in association with an individual, that individual experiences death or disgrace - results in investment lost to you
• Guess games - Insuring a prize for guessing number of marbles in container....
• Tagged or record fish competition
• Cut an apple in to exact halves, halves weighing exactly the same - you win
  

As evidenced, there is no limit to what can be done. Recently there was a promo involving a fast food chain and the Meir Space Station. The PR received for the amount spent was incredible!

For more information: Mike McNasby directly at 303-252-1828 or leave a message at 800-942-5913