Trampoline parks require unique insurance coverage to keep employees safe while on the job. Most states require sporting facilities to have workers’ compensation insurance due to the high risk of injury. Regardless of your state’s requirements, worker’s compensation coverage is beneficial for all sports organizations, large and small—including trampoline parks. To get started with coverage, contact your Wateridge Insurance Services agent.
What Does Workers’ Compensation Cover?
Coverage typically includes both employees and, at times, uninsured subcontractors who suffer injuries and work-related diseases while on the job. Benefits can vary from state to state but typically include:
Vocational rehabilitation expenses, if necessary
Weekly lost wages based on a formula for a certain number of weeks
Disability benefits for total and permanent loss
Death benefits to dependents
Workers’ compensation insurance also helps cover the employer’s legal fees if an employee decides to file a claim. Some basic liability limits typically include:
$100,000 per Accident
$500,000 per Policy
Coverage limits vary. To confirm what is covered by your workers’ compensation policy, be sure to discuss your needs with an agent.
Is Workers’ Compensation Insurance Required?
Requirements for workers’ compensation coverage vary from state to state. Regardless of whether coverage is required for your business, it can be crucial to have to prevent severe out-of-pocket costs concerning claims that employees may file. To be sure your state requires you to have coverage, contact your agent.
How Much Does Workers’ Compensation Insurance Cost?
As with most policies, workers’ compensation costs for your trampoline park will vary. Different factors influence your workers’ compensation premium. Some of them include:
To determine your premium rate, discuss your organization with your agent.
Contact Us Today
At Wateridge Insurance Services, we want to help you find the right coverage for your indoor trampoline park. To get started with coverage or learn more about how workers’ compensation can benefit your organization, contact an agent today.