Lottery insurance – How does it work?
There is no better advertisement for your business than a successful winner, but are you confident that you could pay out a multi-million jackpot in the event of a win? Well, prize insurance from EMIRAT can give you that confidence! Our prize and lottery insurance allows you to attract more customers and bigger jackpot prizes at a fixed cost with zero risk.
Check out the four steps below to understand how EMIRAT can cover your business:
Step 1 – Choose the lotteries
First of all, let us know which lotteries you would like to offer your clients. At the moment EMIRAT covers more than 30 lotteries from all over the world. Don’t worry if your favourite lottery is not listed yet – just name it and we can insure it!
Step 2 – Define the jackpot
Next, decide on whether your products will be either mirroring the official state lottery jackpot amounts or whether you will be setting entirely individual winning amounts independent from the official lotteries. Maybe you would like to offer your clients additional options such as double their winning amount or not having to share the total jackpot amount with additional potential winners? No problem! With our expertise, we can provide you with a confidential detailed proposal to generate a more exciting lottery experience for your clients.
Step 3 – Send entries
Make sure that all entries to be covered are sent to us before the draw of the official lottery takes place. The kind of the data transfer is absolutely flexible and up to your preferences – we accept all of them and make sure that they are kept safe and confidential!
Step 4 – The premium is calculated
After the draw, the premium will be calculated, taking into consideration the total number of entries, the odds, the insured prize levels and the respective winning amounts. You receive a timely feedback and always know your status and expenses.
Finally, you will just need to notify us regarding any winning claims and provide us with further details. After completion of the verification process, we pay immediately!
Want to know more? Don’t hesitate to contact us!
Coverage – How does it work?
As one of the leading lottery insurers, EMIRAT offers full flexibility of coverages and rates. Your needs are our main focus and it is our aim to offer coverage for all kind of jackpots for your customers. So you can be safe in the knowledge that if your customers hit the jackpot, you are free from financial risk as EMIRAT pays out on your behalf!
With EMIRAT covering your jackpots, you are completely safe from financial risks, carefree and can concentrate on your main business!