Inflatable Bounce House Insurance 101: A Business Owners Guide

 

As every successful business owner knows, it's not just about growing your business but protecting it. Protecting your assets, having a cash cushion and strong cash flow, and insuring your business against everything from employee injuries to property damage are all key elements in growing your party rental business for long-term success. Whether you're adding party inflatables to your services for the first time or want to ensure you have the right protections in place as part of an annual review, we developed this guide to help. Get a clear overview of what inflatable bounce house insurance types you need, how to budget for it, and your next steps.

 

What Is Inflatable Bounce House Insurance?

 

Inflatable bounce house insurance is not a specific type of coverage. Instead, it's a package of different insurance elements specifically formulated to protect your unique type of business. Some risks inflatable bounce house rental companies can face include injuries to partygoers and employees, property damage at the setup site, and legal claims against individuals—you and your employees—and your company. These are the accusations and claims customers, third parties, and employees make against your business. But there are also internal risks: damage to your equipment, coverage for stolen equipment, and internal challenges that obstruct your business operations (such as a flood or fire in your building or storage site).

To address these risks, insurance providers offer a combination of different coverage types to create jump house insurance products, including: 

• Commercial general liability coverage is essential for any commercially operating business that may face injury or property damage claims.
• Equipment rental liability and car insurance: These elements can help cover costs for damage to your equipment during business operations.
• Personal liability coverage protects you, as a business owner, if someone is injured and makes a claim against you. It can also include personal liability coverage for people or organizations renting your equipment, such as a parent, a city, or a party site property owner.

 

A supplemental option called umbrella coverage can also help. This is an additional layer of insurance for events and claims not protected by individual coverages. The more complex your business (and your business policy), the more important umbrella insurance is for filling in potential gaps.

 

Do I Need Inflatable Bounce House Insurance?

 

Every business that provides inflatable bounce houses needs inflatable bounce house insurance. It's incredibly risky to operate a customer-facing business without it. Not only are you opening yourself up to extreme financial risk in the event of an injury or damage, but you also don't have support if your equipment gets damaged. Also, you might lose access to big customers without sufficient insurance—other businesses, cities, and schools will often have standard insurance requirements for their vendors. 

Of course, inflatable bounce house insurance isn't just for inflatable bounce houses. You also need similar bounce house insurance coverage for any party rental, such as obstacle courses and inflatable slides. 

How Much Does Inflatable Bounce House Insurance Cost?

 

Every company is different, so your insurance costs will be different. Factors such as your business size, location, state requirements, and history of claims will all play a role. The best way to estimate your business's costs is to speak with service providers and get detailed quotes for potential insurance plans. 

You can also get a rough estimate of your bounce house business insurance based on the cost of each type of coverage. For example, general liability averages around $1,057 a year for small businesses. 

 

Interested in Learning More About Inflatable Bounce House Insurance? Contact the Experts at Big & Bright Inflatables

 

Getting inflatable bounce house insurance is important, but learning about inflatable insurance before you get started is just as crucial. At Big & Bright Inflatables, we provide party rental businesses with the inflatables, equipment, and resources they need to grow and protect their business. Reach out today to learn more about recommended insurance programs. 

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