EventSprout and Protecht have joined forces to help offer fans more reimbursements on tickets when they can no longer attend the event.
The ticketing site EventSprout, which offers event organizers tickets to all types of shows including fairs and festivals, wanted to partner with a company that would help insure its product to an estimated one million fans. EventSprout CEO Ben Ackermann said in a press release that the company wanted to “provide peace of mind to ticket buyers,” which they found in Protecht.
“As a result of this partnership, consumers will be able to insure their ticket purchase through Protecht against unforeseen circumstances that could prevent them from attending an event,” Ackermann said.
The privately held company headquartered in Newport Beach, California, Protecht, aims to protect consumer’s ticket purchases with real-time data and inventory control through its FanShield insurance. Protecht believes that protecting tickets is important, since consumers spent $33 billion on tickets in 2019, according to an estimate by IBISWorld.
“This partnership will enable us to provide our industry-leading and ticket registration insurance to even more consumers across the nation,” Protecht’s founder and CEO Bryan Derbyshire said in the release, noting that he’s excited about the potential of the partnership, which both parties agreed to fully implement before the end of 2020.