Do you own an amusement units business? Are you sub-letting an amusement unit ahead? Are you planning an event where you would be putting up a bouncy castle and similar entertainment units? Whatever the case, we have 5 life-saving and hassle-saving bouncy castle insurance tips for you.

Bouncy Castle MUST have #01: Public Liability Insurance

Any activity that involves jumping around or boosting the adrenaline brings along the risk of causing injuries, potentially turning serious and leading to a lawsuit. It's absolutely vital that you get public liability insurance before hiring out a bouncy castle or similar amusement units. Should you/ your company be accused of any mishaps, injuries or property damage, the insurance will cover the legal costs. Ideally, a minimum of 2 million is sufficient to protect your business; ensure that you have enough cover.

Organizing an event with a bouncy castle? Reason #02 to purchase Public liability insurance

As an event planner, acquiring public liability insurance should be the first thing on your to-do list. If your event features a bouncy castle, then it's necessary you cover yourself / your business. Should anything unpleasant happen, you could be held responsible? Check with the entertainment unit providers whether or not their insurance would cover you for any mishaps or injuries sustained.

Having a party at home with a bouncy castle? Get personal liability insurance

Public liability insurance is the commercial version of personal liability insurance. If you’re hiring a bouncy castle for a party at home and inviting guests, you can be held liable if one of them injures themselves. For example, normally, there's a limit to the number of children who can use the bouncy castle at any one time. If this is exceeded and an accident occurs, you could find yourself being sued. Personal liability insurance eliminates this financial risk. It may already be part of your home insurance policy, so speak to your insurance broker.

Personal liability insurance stems from public liability insurance, the former being individualized for one's own defence. If you are hiring a bouncy castle for an at-home party, you could find yourself in trouble if a guest injures themselves. Most accidents occur upon exceeding the number of people who should be aboard in a unit at one time. If the headcount or the weight reaches its limit, the inflatable deflates or crashes down and you could be sued. Personal liability insurance eliminates financial risks like such and saves you in 'their word against yours' situations. Some home insurance policies already provide coverage; you could speak to your insurance broker and confirm.

Don’t avoid employer’s liability insurance

If you are in the entertainment units business, it's likely that you have hired operators/ technicians for on-site jobs. Regardless of the number of hours they are working for you, it's your legal obligation to hold employers' liability insurance. A slight on-site occurrence by the staff could get them penalized and cost your business a lot (of money and reputation) in the end.

Event cancellation insurance for covering lost revenues

Most entertainment providers have a reservation and cancellation policy. For example, they would hold your date for a limited time. Similarly, they would accept cancellations until a certain date. After that, they would either return the down payment after necessary deductions or the advances are non-refundable in the first place.

In case you find yourself in a similar situation as a planner or an individual, event cancellation insurance could help cover the cancellation charges that may have incurred.