If you’re planning on starting a bounce house rental business, you’ll need to make sure you have the proper insurance coverage in place. Bounce houses, also known as inflatable jumpers, can be a lot of fun for kids at birthday parties and other events, but they can also be dangerous if not used properly. That’s why insurance is crucial for anyone who rents out bounce houses.
In this article, we’ll explain what bounce house insurance is, why it’s important, what types of coverage you should consider, and how much it will cost. We’ll also provide some tips for finding the right insurance provider and making sure you’re fully protected.
What is Bounce House Insurance?
Bounce house insurance is a type of liability insurance that provides protection for individuals or companies that rent out bounce houses or other inflatable attractions. This type of insurance is designed to cover any damages or injuries that may occur while using these types of products.
For example, if someone gets injured while using your bounce house or another piece of inflatable equipment that you own, your liability insurance would cover the costs of their medical bills and any other expenses related to their injury. This could include lost wages if they are unable to work due to their injury, as well as pain and suffering damages if they decide to sue you.
There are several different types of bounce house insurance policies available, which we’ll discuss below.
Why Do You Need Bounce House Insurance?
There are several reasons why anyone who rents out bounce houses or other inflatable equipment needs liability insurance:
1. Protection Against Accidents
Bounce houses can be a lot of fun for kids, but they can also be dangerous if not used properly. If someone gets injured while using your bounce house, you could be liable for their medical bills and any other costs associated with their injury. Having liability insurance in place can help protect you from these types of accidents.
2. Protection Against Property Damage
In addition to injuries, bounce houses can also cause damage to property if they are not set up properly. For example, if a bounce house blows over and damages a car or a fence, your insurance would cover the costs of repairing or replacing that property.
3. Protection Against Lawsuits
Finally, having liability insurance in place can protect you from lawsuits if someone decides to sue you for damages or injuries related to your bounce house rental business. Without insurance, a lawsuit could bankrupt your business and put your personal assets at risk.
Types of Bounce House Insurance Coverage
There are several different types of coverage that you should consider when purchasing bounce house insurance:
1. General Liability Insurance
General liability insurance is the most important type of coverage for anyone who rents out bounce houses or other inflatable equipment. This type of insurance will provide protection against injuries and property damage caused by your products.
For example, if someone gets injured while using one of your bounce houses and sues you for damages, your general liability insurance would cover the costs associated with their injury. This could include medical bills, lost wages, pain and suffering damages, and more.
Additionally, if one of your bounce houses causes property damage (such as knocking over a fence), your general liability insurance would cover the costs of repairs or replacement.
2. Product Liability Insurance
Product liability insurance provides protection against claims related to defects in the products that you rent out. For example, if one of your bounce houses has a defect that causes it to collapse while in use and injure someone, product liability insurance would cover the costs associated with that injury.
While this type of coverage is not always necessary for small rental operations, it may be required by larger companies or venues before allowing you to set up on their premises.
3. Business Property Insurance
If you own your bounce houses and other inflatable equipment, you may want to consider business property insurance. This type of coverage will protect your equipment from damage or loss due to events like theft, fire, or natural disasters.
4. Commercial Auto Insurance
If you use a vehicle to transport your bounce houses and other rental equipment, you’ll need commercial auto insurance. This type of coverage is required by law if you use a vehicle for business purposes.
How Much Does Bounce House Insurance Cost?
The cost of bounce house insurance will depend on several factors, including the size of your rental operation, the types of products you rent out, and the amount of coverage you need. In general, however, expect to pay between $500 and $1,000 per year for liability coverage.
Keep in mind that the cost of insurance is a small price to pay for the peace of mind that comes with knowing that your business is fully protected against accidents and lawsuits.
How to Find Bounce House Insurance Providers
There are several insurance providers that specialize in providing coverage for companies that rent out bounce houses and other inflatable equipment. Some popular options include:
- K&K Insurance
- The Event Helper
- Westpoint Insurance Group
When selecting an insurance provider, look for one that has experience working with businesses similar to yours. You may also want to ask for referrals from other rental operators in your area.
Additionally, make sure to compare quotes from several different providers before making a decision. Be sure to read the fine print carefully so that you understand what is covered and what isn’t.
Starting a bounce house rental business can be a lot of fun and can be quite profitable if done right. However, it’s important to remember that there are risks involved with renting out these types of products.
To protect yourself and your business against accidents and lawsuits related to bounce houses, it’s crucial to have the right insurance coverage in place. By investing in the right insurance policies and working with a reputable provider, you can ensure that your business is fully protected and ready for success.
What is bounce house insurance?
Bounce house insurance is a type of liability coverage that protects rental companies and event hosts from financial losses due to injuries or damages caused by inflatable rentals.
Why do I need bounce house insurance?
You need bounce house insurance because accidents can happen at any time, and if someone gets hurt on your inflatable rental, you could be liable for medical expenses, lost wages, and other damages. Insurance helps protect you from these types of claims.
Is bounce house insurance mandatory?
While there is no federal law requiring bounce house insurance, many states and local jurisdictions have their own regulations regarding inflatable rentals. Some require proof of liability coverage before issuing permits or licenses for events.
What does bounce house insurance cover?
Bounce house insurance typically covers bodily injury and property damage claims resulting from the use of an inflatable rental. It may also offer additional protection for things like equipment theft or damage during transit.
How much does bounce house insurance cost?
The cost of bounce house insurance can vary depending on a number of factors such as the size and type of inflatables you rent out, your location, and your claims history. On average, premiums can range from a few hundred to a few thousand dollars per year.
Can I get discounts on my bounce house insurance premiums?
Yes! Many insurers offer discounts to businesses with good loss histories, safety training programs in place, or those that bundle multiple policies together (such as commercial auto or property coverage). It pays to shop around for the best deal.
Do I need separate policies for different types of inflatables?
It depends on your insurer and the scope of your business operations, but some providers may require separate endorsements or riders for certain types of inflatables (such as water slides or obstacle courses). Always check with your agent to make sure you have adequate coverage.
What happens if I don’t have bounce house insurance and someone gets hurt at my event?
If you don’t have insurance and someone is injured on your inflatable rental, you could be personally liable for all damages awarded in a lawsuit, which could potentially bankrupt you. It’s not worth the risk.
Can I buy bounce house insurance online?
Yes! Many insurers offer online quotes and policy applications for bounce house insurance. However, it’s still important to work with a licensed agent or broker who can help you understand your options and choose the right coverage for your needs.
How often should I review my bounce house insurance policy?
You should review your policy annually (at minimum) to make sure that it still provides adequate protection for your business operations. If anything changes (such as adding new types of inflatables or expanding into new markets), notify your insurer immediately so they can advise on any necessary adjustments to your coverage.