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Printing Errors & Omissions
Printing E&O cover allows promoters to distribute innovative promotional games with high value rewards safe in the knowledge that extra prizes awarded as a result of a printer's mistake will be met by insurers.
Essentially, cover is for the printer's breach of contract covering the origination, printing and supervision of promotional material and pays for additional prizes awarded and consequential losses for the reprinting or withdrawal of a promotional game.
Policy cover includes:
- 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.
- 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, seeded probability tickets or forced probability tickets.
History reminds us that in the event of a printer's mistake the tendency is for the printer to go out of business and leave the agency or promoter with enormous costs, despite a strong legal case.
The only effective form of protection from this occurrence is the purchase of insurance, which can be bought for single games, or more economically, on an annual basis.
Unique risk solutions for: |
Sport promotions
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Online and land-based gaming operators
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Sales promotions
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