Email:  
Password:
   

What is prize indemnity?   In everyday terms, Prize Indemnity is prize coverage without the prize risk. It's that simple.

Prize Indemnity is used to increase and enhance prize values for promotions, games and contests. It allows a promotion to achieve maximum impact by offering very large prizes, yet still be cost-effective and stay within a given budget.   The financial liability associated with a prize is transferred to the insurer.

It is all in the numbers! Actuaries compute the statistical odds of of something happening and controls and rules are put in place to protect against a participant gaining an unfair advantage. An insurance premium is established to reflect the overall risk of payout.

 

How does Prize Indemnity work?

By using probability (the mathematical odds of winning a prize) we design programs that offer large prizes for a fraction of the cost, and then apply insurance coverage to eliminate the risk of paying out the prize if there is a winner. The results are secure, high-impact programs that achieve specific objectives.

Who uses these programs? Large and small business, charity groups, newspapers, organizations, high schools, universities, newspapers; radio, sports teams: the list is endless. Anyone can use our programs to create more excitement surrounding promotions, while transferring the risk of awarding a prize to an insurer.

 

What type of events can be covered?
The application of prize indemnity is infinite but the following gives you some idea :

 

Audience participation - where a prize is offered if a randomly selected spectator can fulfill a specified goal:

A progressive sequence, such as kicking three consecutive field goals from different positions on a football field.

*Ultimate Long Putt Challenge - participants putt on a portable putting unit to win big prizes. (see LONG PUTT)

Scoring a basket from the center court

Kicking a football through a hole in a board covering the goal.

 

Attendance increasing - offering a chance to win a prize to all those attending an event. (which can also be used for data collection)

Open the digital safe and win a prize

Spin the correct combination to win the big prize.

Selecting the prize bearing envelope or correct door on the vault. (see PROMOTIONS)

 

Sports and skill-based events - prizes are offered to an individual for a achieving a certain feat

Hole-in-ones (see GOLF)

Basketball shots

Hockey shots

Soccer kicks

Football kicks

Baseball tosses

Curling draws to the button

And may more (see SPORTS)

 

Consumer sales promotions

Online promotions

Scratch and win games

Collect and win games

Coupons and rebates

Instant wins

Loyalty programs (see PROMOTIONS)

 

Weather- where prizes are offered if a specific occurrence takes place. (refund to a purchaser of a product if it snows or rains or blows a given amount on a specific day.

 

Predictions- where prizes are offered if a participant correctly predicts the outcome of a certain event:

The exact score in selected sporting event.

The exact time and scorer of the first goal in game.

 

Why? Add excitement to an event or promotion by offering valuable, attention-getting prizes without the risk of a payout. You offer spectacular prizes and we assume the risk. When one of your lucky participants is successful, we make the payout, your winner takes home the prize, and you sit back and take the calls from the press. Can't beat that for well spent advertising dollars. The PR received for the amount spent is incredible! Obviously there is no limit to what can be done. Remember prizes can be whatever you want ,merchandise, services, cash . . . you name it!

How can we help you? It is our mission to provide unique, quality programs which are beneficial to our clients and their customers while providing impeccable customer service. We design programs to make you stand out from the crowd, raise funds for charity, attract visitors and most importantly sell your product, whether it be cars, stadium seats or number of players in a tourney. We put the WOW factor into your event. We can help you get the customers to your door and obtain a larger customer base. EPA Ultimate Concepts Inc. will work with you to adjust prize amounts, odds, rules.... stay within a given budget. Not only do we offer a broad range of programs but we also offer affordable and flexible pricing. You deal direct, there are no middle men creating add-ons or upcharges.

Has anyone ever won ?

We have paid out over $6M and helped raise well over a million dollars for various charities. We have had winners register half court basketball shots, throw a bowling ball through a target on a hockey rink, online guessing games and of course numerous hole-in-ones. We know what seems impossible, can and does happen more often than you may think.

What is prize restoration?


EPA Ultimate Concepts Inc.'s hole-in-one policies automatically offer what is known as prize restoration which means that the hole in one prizes restore themselves after each successful hole in one. That way every golfer who registers a hole-in-one gets rewarded, not just the first.

 

Who are some of our clients?

 

MDAA (Motor Dealers Assoc. of Alberta) SADA (Sask. Auto Dealers Assoc.)

Molsons BCADA (BC Auto Dealers)Forzani Group Co-operators General Insurance Northlands Exhibition Bell CanadaHarrahs NevadaScore Television Network Telus Provincial Homebuilders' Assoc. 

Bridgestone Tires First AirRoyal Bank DMG

Promotivate Canada Safeway

 

The list goes on to include numerous universities, law firms, hotels,independent brokers/agents, hospitals, sports teams, newspapers, radio stations, TV networks, casinos, car dealers, trade shows, charity groups, we would be happy to add you to our list of satisf ied clients from across the country.