Product category:
Promotional marketing agencies
News Release from: PIMS-SCA | Subject: Fixed Fee promotional risk management
Edited by the Marketingservicestalk Editorial
Team on 27 February 2008
PIMS-SCA unveils new Fixed Fee Solution
PIMS-SCA, the promotional risk management company, has boosted the level of Fixed Fee coverage for promotional campaigns from a standard GBP5 million to a staggering GBP10m.
PIMS-SCA has also revamped its pioneering Under Redemption Guarantee "We want to make sure promoters are in no doubt as to the level of financial stability their promotion receives with a PIMS-SCA Fixed Fee contract," said Mark Kimber, Managing Director
This article was originally published on Marketingservicestalk on 16 Jul 2007 at 8.00am (UK)
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DMA members get discount on indemnity policies
PIMS-SCA, the leading provider of promotional risk management, is offering DMA members a 20 per cent discount on their current Professional Indemnity Policy.
"We are the only promotional risk management company in the industry to provide GBP10,000,000 worth of cover, backed by A+ rated insurers with the highest security rating in the industry".
As pioneer of the Under Redemption Guarantee, PIMS-SCA has revamped its original offering.
In the event that the final cost of the promotion is less than the promotional fund, PIMS-SCA will rebate up to a maximum of 40 per cent of the remaining Fixed Fee Fund.
As a pioneer and leader in the UK, US and Australian promotional risk management industry, PIMS-SCA strives to make sure promoters get the best form of protection for their promotion at the best price.
"We never carry any risk on our balance sheet as each and every promotion is always covered by A-rated insurers," said Kimber.
There is never any doubt, therefore, about PIMS-SCA's ability to pay out on promotions that over redeem and now clients have a much greater level of financial security and peace of mind, with a guaranteed GBP10 million worth of cover, for each and every promotion.
A fixed fee solution is recognised as the best way of providing maximum financial protection for a promotion.
The one-off fee not only covers redemptions from 0-100 per cent but also the costs of all handling, fulfilment, logistical, administration and management associated with the promotional campaign.
"With over 20 years' experience in the sales promotion industry we are constantly reviewing our services to meet our client's needs," said Kimber.
"We strive to offer the best, most appropriate and cost-effective risk management solutions to the promotional marketing industry, removing the financial uncertainty of promotional campaigns from the promoter's balance sheet".
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