In the United States, the average bounce house pays between $300 and $800 per year for $1 million in general liability insurance.
For a snapshot of average general liability insurance expenditure across a number of businesses, see the graph below:
If you purchase general liability insurance as part of a business owner’s policy (BOP) rather than as a standalone policy, you may be able to save money. A business owner’s policy (BOP) is a more complete insurance package that covers numerous types of coverage, such as business interruption and property insurance.
Do you need insurance to rent out bouncy castles?
If you rent out bouncy castles or inflatables to the general public, you absolutely must have public liability insurance.
There are a number of insurance companies that specialize in leisure insurance, such as bouncy castle rentals, but FML Insurance, Peacocks, and Leisure Insure are the most widely used. Unfortunately, we are unable to provide an estimate of the cost of insurance for you because, similar to vehicle insurance, it is dependent on where you live and how many bouncy castles and inflatables you have.
Public liability insurance is a must-have since, even if you do everything properly, accidents do happen, and you need to be covered in case the worst happens. Most insurers include a £5 million limit, which covers not just you and your company, but also the general public.
We also recommend that you have a safety procedure in place for each hire. We also include a business guide with all of our purchases that includes hire agreement templates that we would recommend using on top of this (rather than as an alternative) so that you can fully explain the safety procedures and expectations to your customer before the hire, which is then signed by the customer. This provides you with additional protection, and if they damage the inflatable while it is in their possession, you may be able to recoup the repair costs.
Every 12 months, your insurance will need to be renewed. We strongly advise that you shop around for the best price. You must also contact your insurance when you buy a new inflatable so that it may be included to your policy.
Are bounce houses a good investment?
When it comes to a bounce house business, there isn’t much in the way of overhead. The typical cost of an inflatable bounce house for sale, including shipping, is around $1700. A combo unit costs a little morenearly $3000but it’s also an investment that will pay off handsomely.
There’s also the issue of insurance, which accounts for a sizable amount of the costs you’ll incur. Even when the price decreases with the addition of units, the initial costs can be quite high. However, if you can develop a brand for yourself, your company can grow swiftly!
Do you need a generator for a bounce house?
If the Inflatable must be positioned further than 50 feet from a power source, a generator may be required to power it. Per inflated blower, we recommend a power rating of 2000 watts. If necessary, we can provide a generator.
Can a bounce house be used in the rain?
Bounce houses are usually built to withstand rain, but there are others that may be used inside the rain or even on water. Bounce houses with sprinklers or that are attached to pools are good instances of this. Most bounce houses, on the other hand, aren’t built to withstand water. A sprinkling of water may not be harmful, but a downpour might be disastrous.
Do bouncy castles come with insurance?
Any activity that involves jumping around has the potential to be dangerous. Unfortunately, these injuries can be significant, and you may be sued as a result. If you rent out a bouncy castle, you must have public liability insurance. It pays for your legal fees if a claim for property damage is filed against you. You’ll also be covered if someone is wounded as a result of something related to your firm.
When it comes to public liability insurance, don’t skimp. The injuries caused on the bouncy castle could be devastating if something goes wrong. This can result in costly compensation claims. Keep in mind that injuries might occur to numerous people, resulting in multiple claims. As a result, you must ensure that you have adequate coverage to safeguard your company. A minimum of £2 million is recommended, but depending on the size of your bouncy castle and whether you have more than one, you may choose to spend more.
Public liability insurance if you’re organising an event with a bouncy castle
If you’re throwing a party with a bouncy castle, you’ll probably require public liability insurance. Even if the company from which you rented the bouncy castle has insurance, you may still be held accountable for injuries and property damage. If you’re accountable for everyone who uses the inflatable, for example, you’ll be held liable for any injuries they experience while doing so. However, don’t waste money on insurance that you don’t need. Check with the individual from whom you are renting a bouncy castle. Inquire if their insurance covers you, the consumer, for any injuries or property damage.
Personal liability insurance if you’re having a party at home with a bouncy castle
The domestic form of public liability insurance is personal liability insurance. If you’re renting a bouncy castle for a party at your house and inviting friends, you should think about it because you might be held liable if someone gets hurt.
A bouncy castle, for example, usually has a limit on the number of children who can use it at any given moment. If this is exceeded and an accident occurs, you may face legal action. Personal liability insurance protects you financially by covering all of your legal expenses.
Your home insurance policy may already include personal liability coverage. But don’t take it for granted, or you could end up with a significant debt. Double-check with your insurance broker.
Also, don’t think that visitors to your home won’t sue you if something goes wrong; they could need the money to pay for medical treatment or time off work. You’ll be able to ensure that anyone hurt in your home receives the financial compensation they need with the correct insurance.
When do you need to have employer’s liability insurance?
Employer’s liability insurance is required by law if you employ any employees, even if they only work part-time. If you don’t have this important insurance, you could face steep fines that could ruin your bouncy castle business. You must have at least £5 million in insurance coverage by law. The quantity of insurance a firm need is determined by its size and the dangers it faces. Because most bouncy castle and inflatables businesses are modest, £5 million to £10 million in insurance coverage may be sufficient.
If your bouncy castle business is a family affair and you only hire close relatives, you may believe you don’t need employer’s liability insurance. Because it is assumed that they will not file a claim against you, this is the case. But keep in mind that if something goes wrong and they are injured as a result of something related to the business, they will not be able to sue for compensation. That implies they might endure life-altering injuries but won’t be able to afford to treat them.
How can you shield yourself financially from lost revenue?
If you make money by attending fairs and shows, you have to trust that the event will take place. Unfortunately, a variety of factors contribute to events being canceled at the last minute, ranging from low ticket sales to inclement weather. And this might leave you and your company in a bind, with no method to produce money and a serious cash-flow crisis.
You may prepare ahead of time to avoid this business risk. If the event you planned to attend is canceled, event cancellation insurance may be able to reimburse you for your expenses and lost revenue.
Even if you don’t require event cancellation insurance, a customized bouncy castle insurance plan should be purchased. You won’t be paying for something you don’t require this way.
Protect yourself from times when you can’t work with business interruption insurance
Summer is the busiest season for you. But what if your bouncy castle is destroyed and you are unable to use it? What if you fall ill during these lucrative months and are unable to work? Business interruption and personal health insurance ensure that you can continue to pay your bills. If you are unable to work, they will compensate you for your missed potential income.
Next, don’t let thieves stop you working
Because bouncy castles are pricey, they are a common target for burglars. If you leave your bouncy castle in a field at an event overnight, it could be stolen from your business. It’s possible that a consumer will steal your bouncy castle. However, if your inflatable is stolen, you will be unable to trade, which is bad news for your company. Insurance allows you to rapidly replace stolen equipment so you can go back to business.
A replacement bouncy castle of the same age and condition is usually covered by insurance. Make sure to contact with your insurance broker if you want new for old coverage.
Don’t let damage stop your business
Damage to your bouncy castle might be either intentional or unintentional. For example, suppose a youngster is wearing shoes and a buckle tears. You are protected by insurance. It means you can quickly and easily repair or replace the inflatable.
If repairing the inflatable is not financially feasible, your insurance will cover the cost of a replacement. As previously stated, insurance will usually cover the cost of a replacement bouncy castle of similar age and condition. Make sure to contact with your insurance broker if you want new for old coverage.
Look for bundle-value deals for insurance
When purchasing insurance, it is occasionally possible to save money by adding extras. If you want to carry your inflatables in a van, for example, you’ll require commercial van insurance. If you use your family automobile for business, you must notify your insurance carrier that you are doing so, or your policy may be canceled. Some automobile insurance providers may not cover you if you are transporting things for your business. You might find that getting specific commercial insurance is more cost-effective.
If your car or van breaks down, you may lose out on a job and the opportunity to earn money. Include breakdown coverage with your vehicle insurance for added peace of mind and the ability to swiftly get back on the road. Keep in mind that many of the events you attend may need crossing fields.
Use a specialist bouncy castle insurer to be sure of a good deal
On the high street, bouncy castle insurance can be difficult to come by. Make certain you’re obtaining the coverage you require (with no nasty surprises in the small print). Use a specialized insurance company with a lot of experience in the field. Another advantage of consulting an expert is that they may assist you in determining which kind of coverage you require and which you do not.
Tailor your insurance to get the best price
If you own one bouncy castle that you rent out on weekends, your insurance requirements will be significantly different from those of someone who owns a major, national entertainment and inflatables company. Ensure that your insurance policy is matched to your specific requirements. That way, you’ll have the financial security you require while also avoiding paying for insurance coverage that isn’t necessary for your organization.
Stay claim free for low-cost premiums
Paying close attention to safety is the best method to keep insurance prices low. This includes inspecting and maintaining your equipment on a regular basis to ensure it is safe to use. This can help you avoid filing a claim, lowering your premiums in the future.
You should consider about the conditions in addition to confirming that the device itself is safe. Never use your inflatable in inclement weather, like as strong winds. You can check the weather prediction ahead of time, but you should also be confident in your ability to halt operating during an event if weather circumstances become problematic. You may lose some money in the near term, but it could save your company a lot of money in the long run.
Shop around for cheap insurance
When it comes to bouncy castle insurance, take your time and browse around. The cost of bouncy castle insurance varies between companies, just like the cost of vehicle or home insurance. Shop around by calling as many different insurance providers as possible to ensure you’re getting the greatest deal.
Remember that the cheapest option may not be the best option for your company. Make sure you read the fine print to ensure you’re obtaining the coverage you require. If anything crucial is overlooked, it may end up costing your company more in the long run.
Is bouncy castle insurance expensive?
Depending on the size of your business, the quantity of inflatables, where you reside, and other considerations, bouncy castle liability insurance can cost hundreds or thousands of pounds per year.
How profitable is a jumper business?
What is the earning potential of an inflatable bounce house business? According to industry studies, a bounce house may rent for an average of 1.5 weeks, or $188 per week. Your firm will bring in roughly $750 per week if you invest in four bounce houses.
Is a bouncy castle business profitable?
Although the adult bouncy castle rental industry can be lucrative, it is not the greatest place to start. However, if you start thinking about going beyond your core inflatables, things start to get interesting. The larger adult inflatable units are also ideal for parties, fun days, and business functions.
Website and SEO
Your inflatable rental company will have its own website. Everything is now accessible via the Internet. I can’t imagine you don’t already have a nice-looking, easy-to-use website.
I’ll leave you to it when it comes to developing the website, because that’s not the topic at hand. However, if you still have concerns about this subject, send me an email or leave a comment, and I’ll do my best to answer them.
Actually, you need an SEO before you develop a website, whether it’s through an agency or in-house. Because there are some basic elements of website optimization that must be studied and implemented during the website development process.
You can begin promoting your party rental business once you have a website that is close to perfect. Of course, SEO is still required to boost your website’s traffic and performance across all channels.
Social Media
Many people choose to search on social media sites such as Facebook, Twitter, and Pinterest rather than search engines. You’ll set up your official business accounts there, and you’ll update and publish your most recent information on a regular basis.
Advertising
I see no reason to prohibit you if you have a plan and budget to invest in internet advertising such as Google AdWords or Facebook ads. It does work, and if you play the game correctly, you should have your first customer soon.
Having ads on industry forums and communities, in addition to PPC on major search engines and social media, is also a good idea.
Does a bounce house use a lot of electricity?
The amount of electricity used by a bounce house is determined by the size of the blower. A small 1 HP blower will set you back $0.13 per hour, a medium 1.5 HP blower will set you back $0.15 per hour, and a large 2 HP blower will set you back $0.22 per hour. The cost of renting a bounce house for a day is approximately $1.28.
In terms of electrical expenditures, a bounce house is rather inexpensive to operate. Here’s another chart that will show you how much it will cost to run the bounce house per hour and per day. These estimates were calculated using $0.14 per kilowatt hour as the average cost of power in the United States and an 8-hour day running period.