How Hole-In-One Insurance Works
You’ve decided to have a hole-in-one contest at your upcoming golf tournament. Great! Here’s what you need to do next:
1. Determine How Many Contest Holes You’ll Have
The host golf facility will help you determine which holes meet the minimum distance requirements and work best for hole-in-one contests.
2. Purchase Hole-In-One Insurance
Hole-in-one Insurance protects you from financial risk, so you’re not on the hook for the prize payout if someone gets an ace at your tournament. GolfStatus offers two insurance packages to meet your tournament’s needs.
3. Sell a Contest Sponsorship
You can cover the insurance costs yourself, but it’s also a great opportunity to sell a premium sponsorship for each contest. Sponsors get broad visibility, high engagement with golfers, and association with a fun and exciting part of the tournament, and your organization raises additional dollars for your cause.
List the hole-in-one contest sponsorship package on your event website among your tournament’s other sponsorships for maximum exposure.
Make a specific ask to a handful of businesses that would be most interested in this type of sponsorship.