I’ve seen lots of companies begin to rent things like big inflatable “bounce houses” and other things that kids play in, or even other goods involving kids. These are my questions:
- What kind of liability insurance would a company like that have to have in place?
- Where would a company go to find that kind of policy?
- Any ideas on cost for those kinds of policies?
Any other information would be great. Thanks very much in advance!!
~CK
Categories
- Auto Insurance (810)
- Business Insurance (621)
- Cancer Insurance (327)
- Disability Insurance (457)
- Health Insurance (813)
- Home Insurance (288)
- Insurance (11)
- Life Insurance (1199)
- Yahoo Answer (1080)
Archives
2 Comments
The liability is called, “General liability” and it’s rated on an equipment rental basis.
You get the coverage through the surplus/excess market, through a local, independent agent.
The cost is going to depend on the type of equipment you’re renting, and what your contract looks like – but you can bet it’s going to START at $2500. Not including any coverage for the equipment itself, just the liability part.
You would need a business owners policy. The amount of liability you purchase is up to you. Just call some local agents in your area to get some free rate quotes. And the cost varies depending on how much liability you want.