As a Trampoline park owner, you probably love seeing your visitors jump and have fun on trampolines. But accidents happen, so when building a Trampoline park, make sure you have a detailed plan and don’t forget about Trampoline park insurance.
Why should you need Trampoline park insurance?
You’ve built your Trampoline park and begun planning the grand opening. But you should also arrange Trampoline park insurance before your open your Trampoline park. The costs of building a Trampoline park can be quite high, but Trampoline park insurance is an investment.
A reliable and top-quality Trampoline park insurance is important to protect your business in uncertain situations. Jumping on trampolines presents a high risk of injury. Add in all the risks of any building, and you’ll realize insurance is a must. Make sure that your Trampoline park financial plan includes insurance costs.
Trampoline park insurance is not mandatory by law, but it’s necessary if you want to manage a carefree and safe Trampoline park business. In case of a lawsuit, costs can be quite high, so running a Trampoline park without insurance is rather risky.
Insurance coverage you need for your Trampoline park
Building a Trampoline park is a demanding project. When you plan a Trampoline park, you should consider all possible scenarios that might happen in your Trampoline park.
Trampoline park manufacturers use only certified materials and work hard on making their products safe. But even if you’ve done everything in your power for the safety of your visitors, accidents might still happen. Your Trampoline park financial plan should include the following insurance coverage:
General liability
General liability insurance is the most common and most comprehensive insurance policy that company owners get for their businesses. This type of insurance covers bodily injuries, property damages, medical expenses, attorney fees, and more.
It covers insurance claims and prevents unpredictable situations from compromising your Trampoline park business.
Employers’ liability
Your employees will be working in an environment where job-related injuries are a real possibility. Employers’ liability insurance will cover the compensation to your employees in case of a job-related injury. If you don’t have this type of insurance, you might face high compensation costs.
Commercial property insurance
As you know, the costs of building a Trampoline park can be rather high, but the whole project could collapse like a house of cards in an instant. Theft, vandalism, and natural disasters can cause great financial damage and seriously compromise your Trampoline park business.
For such and similar situations, commercial property insurance is very important as it will compensate at least part of the damage. It also guarantees the smooth running of your Trampoline park should such unpleasant events take place.
Data breach insurance
It’s not a surprise that Trampoline parks collect data on their loyal customers and visitors. The most common data a Trampoline park collects are addresses, phone numbers, and credit card information. In the event of a data breach, this type of insurance will protect you from financial losses.
Trampoline park insurance isn’t the only thing you should think about
It’s true that building a Trampoline park is a demanding project. But just building it is not enough. Before you start your business, you should buy top-quality insurance; however, insurance shouldn’t be your first line of defense. First and foremost, you should responsibly run your Trampoline park and make sure to provide a safe and healthy environment for your employees and your visitors.
