Protecht has formed a partnership with venue hosting and management company Spectra to provide ticket insurance to consumers.
As part of the deal, Protecht will enable venue managers to give ticket protection to event attendees, currently, this will span 32 venues across 21 US states and two Canadian provinces.
California-based Protecht builds a range of solutions to connect platforms, venues, and event organisers, giving them real-time data and analytics and control over inventory. Its solutions can help clients with event management, fraud and risk management, insurance, finance, and payments.
Its insurance services include consumer and event coverage to protect from issues like cancel events or missed events.
Protecht CEO and founder Bryan Derbyshire said, “One of our core goals is to provide protection for both the attendees and event platforms, and to ensure an efficient, streamlined process to maximize each event’s attendance.
“We’re able to offer this with our FanShield product, which event-goers can use to obtain insurance for a minimal amount when they purchase their event tickets.”
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