Over Redemption Insurance

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Are you afraid of running a promotion due to it negatively impacting your business? With our Over Redemption protection, ESP can protect you from unexpected high redemption of coupons linked to your prospective promotion. By getting insurance you can be as creative as you wish with your product launches to generate the most hype around your product as possible. 

You can count on ESP to deliver an effective policy and top notch customer service - all for the lowest price. Find out today why thousands of individuals and businesses have entrusted us with their risk management strategy. 



Summary of Coverage

Introducing a variety of promotions can be an effective way to increase the hype around certain products and increase sales. On the other hand, these promotions can produce underlying financial risks. Our prize indemnity insurance can help mitigate that risk by allowing the sponsor of a promotion to offer a risk-free prize for a small percentage of the cost. 

Target Insureds

  • Integrated marketing agencies 
  • Retailers
  • Athletic organizations 
  • Golf courses 
  • Nonprofit organizations 

Standard Limits

Limits vary by promotion

Available Limits

Up to $10 million with more available subject to market support for insured promotions, over-redemption and contractual bonus

Up to $10 million for promotion agency E&O

Minimum Premium

Minimum premiums are subject to risk purchasing group program restrictions only.

Geographic Scope

Available worldwide


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About ESP Specialty

ESP Specialty Insurance Brokerage operates nationwide as an insurance broker and program administrator, exclusively developing and managing insurance product lines for A+ rated carriers for over 10 years.