We know that when running a business in the online gaming sector, you rely heavily on your customers confidence in your ability to pay out jackpots. As experts in your industry, we understand this, and our approach to placement of your insurance is one that best protects your reputation and installs confidence for your customers.
We only work with financially secure insurers and underwriters who are experts in online gaming and prize indemnity insurance. The suite of insurance products available to us offer companies in the online gaming sector the peace of mind that comes with knowing, in the event of a loss, exposures are covered.
There is no better advertisement for your business than a successful winner.
Lotteries provide an opportunity to win life changing amounts of money. We understand that the higher the jackpot on offer, the more customers engage with you. Insuring your jackpot enables you to offer multi-million currency prizes with the confidence that, in the event of a jackpot win, the financial burden is removed from your balance sheet.
Policies are tailored to your individual requirements, allowing you to be creative with how you offer your games. We will only place your cover with some of the largest, reputable insurance companies.
Your business is built in the online community you create and your customers ability to play day or night – when it suits them. Cyber threats are numerous and well documented. It is thought that, worldwide, one PC is infected every 4.5 seconds and, in addition to infection, systems may also be exposed to deliberate sabotage or criminal intent.
What would happen to your business if your system went down, or was hacked, for even an hour – how many players would you lose?
Reports* suggest system downtime can cost businesses £10,000 per hour rising to as much as £1,000,000 per business day. Time spent sourcing replacements can result in a total loss of online sales. Similarly the failure of systems can not only mean immediate lost sales but longer term reputational damage.
Not all cyber risks relate to system failures. You collect personal information in order to create a customer account and take payments - The loss of personally identifiable data can result in legal action against you.
Network security, infrastructure and procedures are not unfailing. This is where financial protection insurance policies can assist businesses to recoup some of those costs in the event that something like this happens, and interrupts your business.
* Source: www.symantic.com
Your business is built on reputation and happy customers, but also trust in your employees and your own actions. Every decision you make can be held accountable and you face growing exposure to claims. Our D&O cover can ease some of financial the burden, and help you with the likes of legal costs, should you have a case brought against one of your directors or officers.