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Safety and Security questions you might not want to hear!

What does safety mean to a family fun center?  Oh­, boy you should not have asked me this question. This could be a two day seminar, not an article. This article is not for the weak, or timid.  The questions below should be read only after taking some Pepto Bismol or something equivalent.  I am not just an insurance broker, I owned a family fun center with paintball, go karts, inflatable’s, soft play, bumper boats, batting cages, arcade, food, birthday party rooms, and a parking lot.  I understand the exposures that you will face in maintenance and repair of all of these exposures and will share with you some of the questions you need to be asking yourself and your staff in the daily operations of your facility.  Put your helmet and seatbelt on, this will be a bouncy ride! Continue reading Safety and Security questions you might not want to hear!

Do I need product liability insurance?

Do I need product liability insurance?
Do I need product liability insurance?

Do you need product liability insurance?

Are you a manufacturer, distributor, supplier, or retailer who makes products available to the public?  Then you are held responsible for the injuries those products cause.  Product liability insurance will protect you if you answered yes to the question above.

Product liability refers to the liability of any or all parties along the chain of manufacture of any product for damage caused by that product. This includes the manufacturer of component parts (at the top of the chain), the assembling manufacturer, the distributor, the supplier, and the retail store owner (at the bottom of the chain). Continue reading Do I need product liability insurance?

Do I really need Disability Insurance?

Do I really need disability insurance?
Do I really need disability insurance?

A lot of people are hesitant to get disability insurance, because they’re not sure if they’ll ever come across to using the benefits of the coverage. To help better understand the importance of having disability insure, here’s a scenario to help you.

SCENARIO:

You’re on your way to work this morning and somebody runs a stop light and hits you broadside and you find yourself on the way to the hospital in an ambulance. After spending 8 to 10 hours in the emergency room you find out that you will be okay after a few months in a cast as you have a broken foot. To compound issues more you have a broken right collarbone and right ribs. Then for good measure we will add them a broken left thumb. Continue reading Do I really need Disability Insurance?

Are all insurance agents the same?

Your business insurance is sometimes handled by your local insurance agent who does your personal auto or home insurance.  Usually because you already do business with that person and you feel comfortable with that person.  This is usually not a challenge until you have a claim and find out that part or all of the loss is not covered.

Unfortunately many business owners do not understand that they probably need an insurance broker that specializes in that field to understand all the exposures that the business owner might face.  The difference from an agent and a broker is that an agent represents the company; a broker represents the business owner. Continue reading Are all insurance agents the same?

Amusement Rental Insurance – What coverage is needed?

Amusement Rental Insurance - what kind of insurance is needed?
Amusement Rental Insurance

As an equipment rental operator you have several exposures to consider and we will make this the short version of Insurance 101.  I have listed the 11 most important insurance coverage’s you should have:

  1. General liability is a must for operators as this will provide defense coverage in case you are sued for your negligence or your employee’s negligence. I am told frequently that they have the person sign the rental agreement or the waiver and they think that they are protected. Unfortunately we are in a country that allows anyone to sue for anything and attorneys that would take the case and pursue it. Defense costs are much more than the cost of the insurance! Continue reading Amusement Rental Insurance – What coverage is needed?

Whatever you do, never stop marketing!

In today’s economy, it is more important to market then ever before.  In order to keep your prospects or customers thinking about your business you need to have your business name in front of them.  So let’s go over a few business reminders.

Make sure that you have all of your customers in a database.

Hopefully your sales information has collected their name, address, and email address, and date of birth.  If you are not collecting all this information you need to fix it today!  Use this database to select the information you need to start your marketing campaign.  You can use a database like Microsoft Access, or even Microsoft Excel to achieve this process.  If you do not have this data in a database you need to hire someone, a high school student who types 55+ words per minute to accomplish this.  There are several of these students looking for part time jobs. Continue reading Whatever you do, never stop marketing!

Paintball Insurance – What kind of coverage do I need?

What kind of insurance do I need for a Paintball Field or Store?

As an paintball field or store operator you have several exposures to consider and we will make this the short version of Insurance 101.  I have listed the 11 most important paintball insurance coverage’s you should have

  1. General liability is a must for operators as this will provide defense coverage in case you are sued for your negligence or your employee’s negligence. This provides for coverage for the property that you own or rent for the paintball activities.  This will also cover the parking area, pro shop, staging area, and playing fields. This covers the participants and spectators. This coverage provides defense costs for your negligence and that of your employees or volunteers.  This is usually required by the property owner also. I am told frequently that they have the person sign the waiver and they think that they are protected. Unfortunately we are in a country that allows anyone to sue for anything and attorneys that would take the case and pursue it. Defense costs are much more than the cost of the insurance! Continue reading Paintball Insurance – What kind of coverage do I need?

All I need is a certificate of insurance…

All I need is a Certificate of Insurance

Event producers have been saying this for years now, purchasing insurance because someone required them to show proof of insurance for an event.  Well let’s take a look at the exposures that an Event Producer might have.

First, the producer is a business broker of sorts.  You are contacted to provide some sort of entertainment for a corporate event.  The client will rely on your professional knowledge to find the correct fit and to handle all the details to get that entertainment to the event.  You charge a fee for doing this.  You will handle everything from the contract, booking flights and transportation, hotel, staging, lights, props, etc.  You are paid the contract amount, and then you pay the entertainment and sub contractors from the proceeds.  Your income is what is left. Continue reading All I need is a certificate of insurance…

Sub-contractor or Employee Insurance

Sub-contractor or Employee Insurance
Sub-contractor or Employee Insurance

If you are the type of business owner that wants things candy coated then this article is not for you.  If you want the bottom line and get it to you straight, then this article might mean something to you.

Many amusement operators, and by that classification I include everything from Inflatables to rock walls and all mechanical devices to paintball fields, have people working for them and classify them as sub-contractors other than employees in hopes to avoid paying taxes and workers compensation.

Well now, get your seat belts on and tightened because you are about to become enlightened! Continue reading Sub-contractor or Employee Insurance