Risk

    
  Sales Promotions and Marketing schemes continuously face the financial risk of having either their response average exceeding the projected expectations or their Grand prize being won.

Thus, we, at IC Telecom, have developed innovative solutions to eliminate the said risk and allow you to secure your profit margin. Our extensive experience and comprehensive resources have enabled us to provide coverage and prize guarantees exceeding millions, allowing promoters to maximize their budgets while minimizing their financial exposure. 
Not only do we specialize in Over Redemption, Fixed Fee and Prize Promotion coverage, but we also represent the exclusive firm offering a “one-stop-shop” to protect your promotional risk world-wide.

Moreover, we furnish you with a wide array of additional coverage services to foster your business. Our Printing Errors and Omissions coverage service assists you in reducing the financial risk that might arise as a result of printing errors on your promotional game items.

 

Prize Coverages

    
  Managing promotional budgets represents an intricate task. Not only should your games and promotions provide excitement and involvement for participants, but they should also create high exposure for the promoter while matching your initial prize structure and budget. 

Thus, IC Telecom has simplified the process for you by offering the following relevant services: 

Promotion Mechanics: 
According to your initial prize structure, IC Telecom can provide you with promotion mechanics to best match your set objectives, allowing you to calculate the odds according to your budget. 

Game Development: 
Once the odds are assessed, we assist you in developing the right games and prize promotions for your business and objectives. 

High-Value Prize Coverage: 
IC Telecom provides risk assessment and coverage of high-value prizes for games and promotions. This enables you to increase or upgrade a promotion prize from $100000 to over $10000000 fraction of the prize value – resulting in high-profile promotions for often less than your budget. 
We can assist you in developing games that will match your prize structure and budget. 

 

Over Redemption

   
  Promoters can choose to cover their promotions beyond anticipated response levels by purchasing any range of cover required, up to 100% of redemptions

Cover placed with major insurers
IC Telecom has the ability to offer terms immediately
Coverage up to $ 1,000,000
Promoter / Agency retains complete control of promotional Handling

All of our contracts and policies are backed by ASU insurance company, including Lloyd’s of London. Accordingly, you are fully protected against the financial risk of your sales promotion exceeding your budget. 
By using our Risk Management products and services, promoters get a bigger and more exciting promotion that produces better results for the same or fewer pounds. 
 
We can apply our forms of coverage to any type of promotional mechanic, including:

Collect-and-win Games
Contest
Coupons or lotteries
Instant Win Promotions
Scratch Games
SMS/ MMS and IVR Promotions

 

Printing Errors and Omissions Coverages

   
  When you print a promotion/ lottery or develop a gaming service, the first thing you want to know is how secure is your product and to what extent are you protected against development errors, fraud or other tampering risks? There is no real guarantee that these mishaps can be eliminated but we can anticipate its occurrence and therefore limit this risk by insuring the developed product against errors and omissions related to production. Prior to the introduction of the Printing errors & omissions coverage concept to the promotional market, a printer’s mistake could cause enormous costs on the agency or promoter and result in the liquidation of the printing house, let alone the legal issues that would be raised. With a view to protect promoters, Printing errors & omissions coverage was developed to allow them to distribute innovative promotional games with high value rewards safely in the knowledge that extra prizes awarded as a result of printing mistakes are met by insurers.

 

E&O Policy cover includes

    
  I - Prizes awarded in excess of the designated available prize fund due to the negligence of the printer or his subcontractor, or the failure of machinery.

II - Reimbursement of the cost of materials, or reimbursement of the promoters’ expenses, cancellation charges, or increased costs to effect such abandonment. Or the reprinting of such games materials. 
Online media games and lotteries can be insured as can standard seeded winners and seeded probability tickets.