This device offers an estimated premium for protection designed to guard occasion organizers from monetary loss if a participant achieves a hole-in-one prize. For instance, if a golf event presents a automotive as a prize for a hole-in-one on a chosen gap, the organizer can make the most of this assist to find out the price of insuring in opposition to having to award that prize.
The utilization of such sources permits for higher budgetary planning when internet hosting golf-related occasions. Traditionally, acquiring such estimates required direct communication with insurance coverage brokers. Fashionable estimators present accessible, instantaneous approximations, streamlining the danger administration course of and permitting occasion planners to instantly assess the monetary feasibility of providing substantial hole-in-one prizes.