FAQs

Promotional Insurance

Insured Contests

All of our contests are based on a mixture of skill and probability. This means every contest could have a winner, just like the TV Show Who Wants to be a Millionaire. Whether someone wins the prize will depend on an element of skill, or even chance. Knowing how often the contests are likely to be won allows us to take the risk.

WorldWide will work with you to customise the insured promotion. We calculate your insurance premium based on the type of contest, the chance of having a winner, the number of people taking part and the value of the main prize. We’ll then issue you with an insurance contract, confirming the terms of your cover and you pay the insurance premium, usually prior to the start of the event. In the event somebody wins the contest within the terms of your contract, w’ll reimburse you for the cost of the prize and you can pay out with a big smile on your face!

What If I Don’t Have A Winner

In the event there is no winner we suggest all insured promotions have a consolation prize. This provides the opportunity to tie multiple sponsors into the promotion. Each promotional idea you receive from WorldWide will include a suggestion for ancillary prizes... so that every finalist goes home a winner. For example: A car dealer runs a ‘Win A Car’ Promotion. If nobody wins one name is drawn from all the entries and they get the car for a month, free.

How Do I Know My Winner Will Get Paid

WorldWide Hole ’N One Limited is a Lloyd’s Coverholder providing insurance on behalf of Underwriters at Lloyd’s, the world’s premier insurance market. If you are going to purchase a promotional insurance contract, WorldWide can provide all the security you need.

What Can I Insure?

Anything you wish, up to and including £1,000,000’s. Choose the prize to suit the specifications of the client, product and promotion. You really can offer anything including cash, world trips, extreme holidays, houses, sports cars, motorbikes, a years salary, jewellery or even 1,000 CD’s.

What / When / Where?

WorldWide’s contests can be tailored to meet the needs of a wide range of promotions and events. Increase traffic at a retail outlet, Maximise Footfall at an Exhibition or any event, Create Awareness for a Sponsor and Excitement for the fans at a Sports Venue or Spice up the night at a Nightclub or Bar.

Event Insurance

See our Events Insurance section for further information