Insurance for Indoor Inflatable Parks

.

If you’re planning on starting an indoor inflatable park or family entertainment center, you no doubt have a unique journey ahead of you. And, at the same time, the fundamentals don’t really differ from starting any other business. You’ll have to create a business plan, figure out the tax logistics (both state and federal), set up your business accounts, find the right investors, acquire permits, property, and so on. Sound like a lot? You’re not wrong — these are all components of starting any business, even one that doesn’t involve giant inflatable castles. But as long as you do your research, you’ll be able to carve yourself into an extremely unique niche that more than likely doesn’t have a lot of strong competition on the local level.

Family fun centers have always been popular to a certain degree, but a dedicated indoor inflatable park is a relatively new phenomenon. You probably won’t have a lot of other businesses that threaten your target market, but you will face a different problem — people don’t want services that they don’t know exist! On paper, an indoor inflatable park sounds like a great time, but you’ll need to make sure people know about it.

Great marketing, fun attractions, and protecting yourself can go a long way if you’re starting an inflatable park. We can help you with the latter!

Some Things to Keep in Mind

An indoor inflatable park can be a boon to your community. It’s a no-brainer for parents who want to give their kids something fun to do, but it’s also a great choice for teenagers who want to have a wholesome good time. Even adults will love your indoor inflatable park — it will provide an exciting escape from the monotony of the 40 hour work week and endless screentime.

Unique Expenses

Every small business comes with various costs. These are the usual ongoing expenses that include utilities, maintenance, and salaries. However, the axe-throwing business has costs that you may not find anywhere else. The most obvious, perhaps, is the axes themselves. Depending on the brand or quality, you might spend as little as $20 per axe or up to $150 or more. At a minimum, you will need several dozen axes to ensure that you always have enough for your customers to use while others are out of rotation for repairs and maintenance.

The other unique cost for ax-throwing businesses is the use and maintenance of safety equipment. This can include everything from safety glass barriers between throwing lanes to training materials to padded gloves and safety helmets.

Liability Waivers

Given the nature of the business, axe-throwing is inherently dangerous. To protect yourself, your employees, your customers, and course your business, you’ll want to ensure that all of your customers to sign liability waivers before they take part in the activities. The simple act of filling out a liability waiver before your customers are handed an axe can help you avoid potential lawsuits and unexpected expenses.

.

Running a business is a costly endeavor. From paying rent on a building to covering wages and salaries and stocking products and more, even the most experienced business owners can tell you they have to spend money to make money. So when you’re looking for ways to cut costs and save money, many might wonder about the value of business insurance.

At its most basic, your business needs insurance to help cover any costs that may be incurred from property damage or liability claims. Without insurance, as a business owner, you may have to pay for any costly damages or legal claims against your company with your own funds. In many cases, this could lead to personal financial ruin.

.

One thing that new business owners will quickly come to understand is that there lare a multitude of different insurance options you need to consider. One type of insurance usually isn’t enough, and when you’re working in an industry as unique as indoor inflatable parks and bounce houses, it can be hard finding professionals who can give you the proper consultation you need.

More than anything, we urge you to contact us directly and we can help you navigate the insurance landscape of your indoor inflatable business. But as a general summation, here are some types of insurance that you shouldn’t go without:

General Liability

Every business, big or small, needs general liability insurance. This type of insurance protects you from claims like bodily injury and damaged property. This is especially important for your bounce house business, because of the higher-than-usual risk of accidents. The last thing you want is for someone to tumble off one of your attractions and end up closing your business through lawsuits.

Liability waiver forms are one firewall against injuries and lawsuits, but insurance is your final defense. Talk with our team at SafePark USA to ensure you’re getting the best coverage for your indoor inflatable fun center.

Unfortunately, it’s not enough to only have liability insurance. General liability insurance covers your business from a variety of threats, but it won’t cover you against professional mistakes, employee injuries, intentional acts of sabotage, etc. You’ll need to consider some supplementary insurance policies to cover all your bases.

Property

Your indoor bounce house center or inflatable park needs to operate somewhere, and whatever property it’s on can be protected by property insurance. We advise you to talk with us if you want the specific details of what this type of insurance covers, since there are so many options. But in a nutshell, property damage usually protects your building, real estate, and certain types of equipment against damage. Indoor inflatable parks usually operate indoors, so it’s important to consider your options with this kind of coverage.

Excess/Umbrella

General liability insurance alone often isn’t enough to provide the coverage you need. In these instances, umbrella insurance can be a major help.

Umbrella insurance can be applied to multiple underlying policies and cover claims that aren’t included in the underlying policy. Under an umbrella policy, you must pay self-insured retention.

Equipment Coverage

For businesses that rely on unique assets and equipment, equipment coverage is a must. And because your indoor inflatable park is dependent on your bounce houses and inflatable attractions for business, there’s nothing more important than protecting these assets.

Indoor inflatable attractions are built strong, and they’re not going to explode like a balloon if you poke them with a needle. But it would be ignorant to say that they’re immune to damage — these are gigantic playgrounds that are essentially held up by rubber and air. Apply enough physical stress to one, and you could end up with a hole or puncture. Your inflatables will need care and maintenance over their lifetimes, and you don’t want to find yourself in the hole if one goes bad.

Equipment coverage can cover the costs associated with mandatory inspections, and it can also protect you if the breakdown caused damage to other people — something that’s unfortunately pretty likely with inflatable attractions. 

We’ve spent years finding the best insurance coverage for this kind of unique asset. Instead of going to any random insurance agent, call SafePark USA and work with professionals who know the ins and outs of this unique niche.

Workers Compensation

Workplace injuries can happen anywhere, and you surely don’t need us to tell you how easily they could happen in an indoor inflatable park. It won’t just be your guests climbing on top of these attractions — your employees will need to be familiar with them, and climb up themselves under certain conditions. Maybe a child needs help. Maybe there’s a nasty spill that needs to be cleaned up. 

While your employees will no doubt be expertly trained to navigate the indoor inflatables, accidents can always happen, and in those instances, workers comp insurance will protect both you and them. 

Workers compensation insurance helps to provide wage replacement and medical benefits to an employee. In exchange, the employee waives the right to sue the company. With such a unique niche that carries a higher-than-usual risk for accidents, don’t go without this important insurance.

.

SafePark USA is a reputable insurance agency for the amusement industry. We represent virtually every major carrier in the US, and we can connect you with the insurance that’s perfect for your indoor inflatable park or family entertainment center. Want to save an average of 20-30% or more? Contact us to get started with one of our specialized programs.

.

Please complete your contact information and we will send you an application to complete. Please note that our email sometimes ends up in your trash or spam file, so please check that for our email reply with the application.