WEDNESDAY, DECEMBER 15, 2021
Trampoline parks can be both fun and dangerous. The United States has more than 800 of these parks that saw approximately 50 million visitors last year. Serious injuries can occur by landing improperly while jumping on or falling off a trampoline, including fractures and more severe accidents.
Should I Have Trampoline Insurance?
If you own a trampoline park, you may already know the difficulty of trying to obtain general liability insurance for your small business due to the public’s awareness of the risks involved at these parks. However, you need to protect your trampoline park with the right coverage as a business, so obtaining insurance is an absolute necessity.
What Insurance Coverage Is Available?
There are numerous considerations for determining trampoline park insurance costs. The location and value of your property are two essential factors. It’s crucial to have a robust risk management program in place that will protect you and your park from your park’s unique risks. Common coverages you may want to consider having as part of your risk management program include:
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Business interruption coverage—This coverage helps pay the bills if you must temporarily close after a damaging accident.
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General liability protection—This covers your park in case of property damage or bodily injuries to another party, such as a client or vendor. This protection is essential for trampoline parks, where the risk of third-party injuries is significant. Specifically, coverage may include:
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Property insurance—If you own the building that houses your trampoline park, you may want commercial property insurance. This coverage will protect your building and the assets stored inside—including equipment—against losses related to accidents, natural disasters, theft or vandalism.
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Workers’ compensation—Helps your employees who get hurt or sick on the job by supplementing the income they might lose because of their accident. This coverage may also help with medical bills, rehab costs and other financial needs.
Depending on the specific needs of your trampoline park, we can help you get the coverage you need to ensure you are protected.
What Safety Precautions Can I Take?
If visitors to your park sign waivers, be aware that not all signed releases will prevent you from a lawsuit. Although customers may assume risk by signing a waiver, your trampoline park is responsible for doing everything possible to prevent injuries. If your trampoline park is found negligent, you may be held liable.
If you own a trampoline park, you can take several precautions to reduce your risk, including:
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Maintaining your trampolines properly to help keep your park safe
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Ensuring customers attend safety briefings
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Posting visible park rules and supervising park usage
We can help you put together an appropriate commercial insurance package for your trampoline park that offers comprehensive protection for your park’s needs.
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