Game of Chance Bonds

Category: Promotions
Group: Specialty Group

Game of chance surety bonds, also known as promotion sweepstakes bonds, are required in Florida and New York for any game of chance promotion with a retail value over $5,000. Insta-Bond™ can help streamline and manage this entire bond and registration process.

Highlights

Same day electronic filing
Streamlined process through online system
Highly rated carrier
Competitive rates and price flexibility

Best For

Industry attorneys
Insurance brokers
Promotion sponsors
Sales promotion agencies

Summary of Coverage

Also known as promotion sweepstakes bonds, game of chance surety bonds are required in Florida and New York for any game of chance promotion with a retail value over $5,000. The promotion must be bonded and registered with their office. Rhode Island requires only a registration for any retail promotion over $500. No other states require these promotions to be bonded. Tokio Marine HCC - Specialty Group can streamline this entire process through our online Insta-Bond™ system.

Prize Indemnity

Tokio Marine HCC offers prize indemnity insurance to protect against financial risks, by covering contingent prizes on behalf of sponsors or promoters.

Retailer Promotions

Tokio Marine HCC has put together insured prize promotions specifically for the retail industry to help increase sales over a specified period of time.

Over-Redemption

Over-redemption insurance protects sponsors and marketers against an unexpected result of their promotion.

Why Tokio Marine HCC?

Tokio Marine HCC is a leading specialty insurance group with offices in the United States, the United Kingdom, Spain and Ireland, transacting business in approximately 180 countries and underwriting more than 100 classes of specialty insurance. Our products and capabilities set the standard for the industry, and many of our almost 3,000 employees are industry-leading experts. Each of our highly entrepreneurial businesses are equipped to underwrite special situations, companies and individuals, and acts autonomously to deliver effective solutions.