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Sweepstakes insurance

sweepstakes insurance

As a Senior Broker of Specialty Surety for Aon Risk Solutions, I am responsible for the execution of surety marketing on specialty accounts and client advocate for surety services.
They are also subject to a range of legal scrutiny that differs from state to state.The majority of surety bonds are required by governmental laws or regulations or they arise out of the need to guarantee a contractual obligation in the public or private arena.Our insurance covers all of our sweepstakes and contest services.In addition to running the sweepstakes and selecting winners, rules must be drafted, federal, state and local laws need to be obeyed, insurance should be obtained, winners must be validated for eligibility, taxes must be reported, and prizes must be delivered.Want to offer a 50,000 prize but only have a 5,000 budget?Site Systems can manage all aspects of your sweepstakes or contest.Sweepstakes are an exciting way to get a lot of peoples attention rallied around a specific brand or product.We provide information and advice on how best to run your sweepstakes or contest and access to legal counsel to ensure that your promotion is compliant with all applicable.S.Drafting Rules and Regulations.Site Systems can help you take the risk out of a great promotional idea by acquiring a prize insurance policy for your grand prize for a fraction of the prize amount.Contents, history edit, on the evening of September 14, the final day of the contest, the now-defunct.Once the underwriting has been completed, the agent will mail the bonds to the client and an officer will need to sign the bonds.
Site Systems distributes over 50,000 brand name items so we can find the right prizes at discount prices, or we will source and acquire custom prizes or find and negotiate with potential prize sponsors for free prizes.
Begin early so there is plenty of time and be compliant any applicable state rules.

That person won a guaranteed US1 million, which would become US1 billion if he/she exactly matched the grand prize number.The dollar total of the prizes is the bond limit.Federal and state laws, Canadian provincial laws and international laws.In this game, the players were offered a chance to quit the contest in exchange for a cash payoff, but only one at a time could claim.How can a sweepstakes sponsor obtain the needed bonds?Site Systems will manage the registration and filing of your promotion in each state and acquire the appropriate surety bonds for the total retail value of all of the prizes (or if eligible, file a surety bond waiver request).But if you work with Site Systems, we will take on that risk.
3rd Party Winner Selection.