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Insurance for your Inflatable Rental Business



Typically speaking, there are three different types of insurance that you’ll need to properly operate your inflatable rental business. The different types are liability, worker’s compensation, and property insurance. For the purposes of this post, liability insurance will be discussed.

Liability insurance is crucial to have. In the event that someone gets hurt while using your inflatable units, you’ll want to have this type of insurance in order to protect yourself. Moreover, liability insurance also lets you rent your units to venues, like parks, schools, and/or recreation centers that usually require you to have liability insurance. You can expect your liability insurance to cost you roughly five percent of your revenue.

To obtain liability insurance, you’ll need to go through an inflatable insurance broker who will work with you on obtaining a policy that matches your needs. Your broker will then go through an underwriter to get you the best policy. The amount of insurance you will need may vary depending on your region, but usually a $1,000,000 minimum is typical. With your insurance, you can expect a deductible and an aggregate amount. There are several inflatable liability insurance companies out there, such as Cossio Insurance Agency or Fun Pro.

To make it easier on yourself to navigate the quote process, it is best to gather and/or complete the following.

  • Make a list of all of your inflatable units in your inventory (it helps to have units that are from a quality company)
  • Record the dimensions on all of your units
  • Make note of the dates you purchased your units
  • Provide training to your drivers and to your employees
  • Keep maintenance records
  • Have safety rules clearly displayed on all of your units

It also helps to choose inflatable units that have an owner’s manual and an installation guide specific to each unit.

You may be happy with the first quote of liability insurance that you receive, but it is always wise to have options. Make sure to get three to four different quotes before you decide on any one. Write out a list of the pros and cons of each quote, and make sure to make the most informed decision possible when choosing your liability insurance.

When renting your units, it is pivotal to have a quality rental contract in place that is professionally done. The rental contract should clearly state the safety rules, and should transfer the liability from the renter (you) to the rentee. At eInflatables, we offer a quality rental agreement on all of our units, at no extra cost to you.

Don’t rush the process of obtaining liability insurance. This is an important aspect of your business that can protect you in many ways, especially legally. The eInflatables team is always happy to help you navigate the insurance process, so don’t hesitate to give us a call at 1-800-569-0719 or send us a message with any questions you may have.