Starting a new inflatable business or party rental business is not that simple, another thing you have to consider is insurance. While you know your inflatable device is safe, there is always a risk of injury. You must have proper insurance to protect your bouncy home and business.

How much does commercial bouncy castle insurance cost? The cost of insurance depends on many factors. Most insurance companies will calculate your premiums in two ways: based on the number of inflatables you own or how often you operate throughout the year. They will ask you to estimate the income you will bring in for the year. Note that while you are optimistic and excited to make a lot of money, you are not yet successful. So you should not estimate that your income is so large that it will cost you a fortune for inflatable insurance.

But which insurance premium is best for my start-up inflatable home rental business? Some insurance companies have an annual policy of only $1000-$1200, which is the best choice for startups. If your insurance agent is charging you $3,000 a year or even $3,000 per unit, then you should think twice. If you’re optimistic and want a good policy to properly protect your business, the starting price may be around $1800-$2500 per year.

Where can I buy the right insurance? Buying insurance is getting a policy from a company that really understands the business and the risks involved. You want to cover all the bases so you can file a claim in the event of an accident. My advice is to work with an expert, preferably an attorney to customize it to your specific state or city guidelines. They will provide you with the most specific wording in the contract to ensure that your business is not at risk.

Written by Doris from East-inflatables