We have created this resource to help answer some common questions about Party Rental Insurance.
If you still have questions please call us at 864-688-0121
We need to see your loss runs to get a clear picture of your claims history, to verify prior insurance coverage for underwriting purposes, to look for patterns of frequency or severity of loss which may cause them concern, and to calculate your loss ratio for underwriting purposes.
"But isn't my word good enough?" We would love to be able to take your word for it. However, unfortunately people are not always honest. In order to protect ourselves and to be fair to every one we need to see your loss history in writing. Kind of like you need to show your pay stubs to get a loan or the way that a car insurance company would check your driving record.
This is coverage for your equipment itself. This policy will cover your equipment against fire, theft or vandalism, where ever your equipment is (stored, transit, or at a party).
The premium will depend on the value of your equipment.
Completed inventory list, serial numbers and value of all units.
Pay for play is a phrase used for a variety of situations in which money is charged per a person for the privilege to (play) in the inflatables.
For example if someone sets up an inflatable at a park and charges for each child to jump in the inflatable that would be considered pay for play.
When an inflatable is rented out for a birthday party this is not considered pay for play. Even though the people are paying to use the inflatable they are not charging each child to jump in the inflatable, so this is not pay for play.
An individual or entity that is not automatically included as an insured under the policy of another, but for whom the named insured’s policy provides a certain degree of protection.
A general liability policy only provides defense coverage for the named insured, which means the corporation, LLC, officers, members, employees or volunteers. If you have sub-contractors coming into your business or activity you need to request insurance coverage from them with limits of at least $1,000,000 per occurrence and name you as additional insured. We would recommend that you do this for their general liability, commercial auto and workers compensation.
An endorsement is typically required to effect additional insured status.
Can we insure Mechanical Bulls that are inside of bars?
It is much harder to find coverage at an affordable rate for mechanical bulls inside of bars. For this reason, please give us a call to discuss your insurance options.
Why is it harder to insure Mechanical Bulls inside of bars?
It is harder to insure mechanical bulls inside of bars because of the risk of liability involved. The fact that intoxicated persons will be riding the bulls makes the liability risk very high which means that the premium can get very high as well.
Inflatable Rental Businesses will need several types of coverage to make sure that they have the correct coverages. These coverages include Commercial Auto, General Liability, Inland Marine & Workers Compensation.
Larry Cossio (owner of the Cossio Insurance Agency) has created a 3 part video presentation called "Why didn't I buy the right insurance coverage?" that outlines these different coverages in detail.
Click on the video to the right to start watching!