Eight Insurance Tips for an Indoor Inflatable Business

You know that indoor jumping centers can be dangerous for children who use inflatable moonwalks. Therefore, you need to ensure you have the best coverage and the lowest price.

Below is a list that we recommend to insurance consumers for the inflatable industry.

1. Increase your deductible to increase your coverage.
2. Credit can be a concern. Companies will examine your credit rating and financial history. To show stability, make sure you have a financial report for insurance purposes.
3. Get your insurance renewals at least once every three years. You can’t save money by changing your insurance every year. This will result in both you and your agent losing precious time.
4. Have multiple policies and get discounts. It may still save you money, even if the agent is the same. You will save time if you don’t make the right call when filing a claim.
5. Take a look at all claims before you submit them. You may find small claims annoying and end up paying more in the long-term through higher rates or no renewal. Insurance is available to cover the loss. However, you should always weigh the benefits and costs of any claim before you file it.
6. Consider your inflatable manufacturer. Safety features they offer or do not offer may have an impact on your insurance costs. In order to become certified, for example, some states may require that the manufacturer be certified. This could impact your rates.
7. Ask your manufacturer “What can you do?” We can bridge the gap between rental companies and manufacturers by forming stronger partnerships.
8. Ask your insurance company how installing security cameras and maintaining a safety guide can reduce your rates. Make sure that you have backups of selected footage in case of an accident, injury, or other unforeseen circumstances. Every employee should also be given a copy the safety manual.

Remember that parents can be harsh with their children if they get hurt. Many will also try to take advantage of the system to make a quick buck for their insurance company. It can save you thousands of dollars to install surveillance cameras with motion sensors. A TV with surveillance footage can be displayed so that parents can also see their children in the jump rooms.