Eight Insurance Tips for an Indoor Inflatable Business

As a future owner of an indoor jump center you know there's substantial liability with kids playing on inflatable moonwalks, so naturally you want to make sure you have all the right coverage at the best price.
As an insurance consumer, below is a list of what we recommend for the inflatable industry:

1. Increase deductibles on your coverage.
2. Credit is a major concern. Many companies will look at your credit and financial ratings. Just make sure you have a financial statement available for insurance purposes to show a stable position.
3. Shop around for your insurance at least every three years. Do not change yearly trying to save a couple of dollars. This will cost both you and your agent precious time.
4. Keep all of your insurance in one place. Discounts are available through many companies by having multiple policies. Even if it is with the same agent, it MAY still be a cost savings. It will certainly save you time when you make three incorrect calls trying to file a claim.
5. Consider your claims. Look at every claim before you turn it in. Small claims are a nuisance and may end up costing you in the long run through higher rates or non-renewal. Undoubtedly, insurance is there for the loss, but always consider the cost vs. the benefit ramifications of your claim before filing it.
6. Think about your inflatable manufacturer. The manufacturer of your inflatables may also have an impact on the cost of your insurance due to safety features that they either offer or don't offer. For instance, a state may require a certification process for the manufacturer in order to qualify to be certified. This can affect your rates.
7. Ask your manufacturer, "What can I do?" By forming better partnerships between manufacturers, rental companies, and the support industries we can better bridge the gap of communication and mistrust within the inflatable industry.
8. Ask the insurance company how installing a security camera system, and keeping a safety manual can lower your rates. When installing the security camera system make sure you can easily make backups for select footage (injuries, accidents, etc). Also hand out a copy of the safety manual to every newly hired employee.

Keep in mind parents are not nice when their child gets hurt, and many try to abuse the system just to squeeze a check out of your insurance company. Make sure you install surveillance cameras, with motion sensors to record everything that's happening - it can save you thousands. It's also a good idea to display a TV with surveillance footage so parents can see their kids playing in the jump rooms as well.
InflatableStartup.com provides information for starting your own indoor inflatable business.

John Farrel,
InflatableStartup.com
Start Your Own Inflatable Business!

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Public Liability and Professional Indemnity Insurance Tips

Public liability and professional indemnity insurance combines two types of insurance for a better protection of your business. Public liability insurance was designed to cover the expenses in case your employee, customer, guest or simple visitor gets injured in an accident at your place of business. And professional indemnity insurance is needed in case you work in a sphere that requires to give professional advices to your customers. You can be sued in case your advice did not prove to be helpful.
Both insurances can save you a lot of money, moreover, in some particular cases they can even save your business. It is a well known fact that medical bills and legal fees can be so exorbitant that a small business can hardly recover after paying these huge amount.
Public liability and professional indemnity insurance will help you to predict unpredictable situation and be protected when you face them. You never know when an accident can take place in your office, store or factory, and also you cannot foresee the situations when you advices will not pan out. That is why it would be unwise to leave your business vulnerable.
It is understandable that in hectic rhythm of everyday business life you have to handle a lot of things, and perhaps getting an insurance of this sort does not appear to be that important. Moreover, it can be time consuming and rather costly - so why bother? But the simple fact that in the world of today the first reaction of many people is to call their lawyers, and it is easy to become a victim of the most unpleasant lawsuit.
Public liability and professional indemnity insurance is probably one of the most expensive insurances, but still the premium you have to pay is nothing in comparison with compensation amounts in case you are legally liable for the third party's injures, financial losses or damaged property.
If you are a doctor with a private practice, a stock broker, an accountant or a lawyer, it is absolutely necessary for you to have professional indemnity insurance. Just imagine if you advice a person to invest in stocks and he/she ens up losing a lot of money. Or you misdiagnose disease and prescribe some expensive course which does not turn out to be effective. Or you prepared someone's taxes and forgot to file them.
Public liability and professional indemnity insurance will provide coverage in case you are sued for the money your client lost. At the same time, if you have your own company and it involves a face to face contact with any person on your place of business, whether it is your staff member, client, partner or visitor, this type of combined insurance will work best.
Visit a few insurance companies and find out the details. Make sure to read the policy you are offered in order to know how much of the legal costs and medical expenses will be covered in case an accident takes place or your professional advise does not give a positive result.

Visit TSNN.co.uk to place a quick quote for Public liability and professional indemnity insurance for conference, meeting and other events from leading UK insurance suppliers. http://TSNN.co.uk is the largest UK conference and event website and by submitting a quick quote, your requirements will be sent to multiple suppliers so that you can find various items including exhibition stands, furniture and insurance.

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Small Business Van Insurance Tips

Whether you're running one van or a whole fleet of them, one thing that you'll need to sort out for each vehicle is insurance. Not only is this a legal requirement, but it will also give you the peace of mind to go about your daily duties without worrying about the risk of damage, theft or fire. So how should a small business sort out their van insurance?
Whilst bigger companies have the finance and clout to strike big deals with insurers to provide blanket coverage for dozens of vehicles without ever considering the competitiveness of the price being quoted, many smaller businesses can't be quite so frivolous. Belts are being tightened across all industries with the rising costs of materials and reduced work availability, so striking a good deal for your van insurance has probably never been so important.
If you're buying insurance for just one van the process is very similar to getting cover for a car or home. The first step is simply to work out what exactly it is that you want. There are plenty of variables when it comes to purchasing a van insurance policy, so having a decent idea of the level of coverage that you require is essential.
For instance, if you use your vehicle to go from site to site and usually carry expensive equipment on-board, then you'll want to get cover for all contents. This means that if anything is taken from the van or is damaged in a collision, you will be able to get compensation. If you've got items that cost hundreds, if not thousands of pounds, then getting a van insurance policy with a decent contents cover is vital.
You also need to determine what work the vehicle is (primarily) going to be used for. In most instances this will be pretty self-evident, but you have to make sure that your insurance will be valid should you ever come to claim. Whilst it might cost you more to insure a vehicle that will drive hundreds of miles each week, you can't suppress such information to save a few quid.
So with all your information in order, you need to go off and actually get a quote. The Internet hosts a number of specialist van insurers, enabling you to begin the application process and determine what the cost is likely to be for your vehicle. However, if you have a number of vehicles to insure it might be best to find out the details of these insurers and contact them directly.
Because of the added complication of covering a variety of vehicles through a single insurer, most companies will simply choose to cover them individually. However, insurers are far more likely to offer a better deal if you use them for each van. There might be room to negotiate a discount if this is the case; allowing you to get more for your money, whilst the insurance company guarantees a steady customer.
However many vehicles you're looking to cover on behalf of the small company, it is vital that you shop around and get the quote that best matches your budget and offers effective coverage. Accepting the first offer that you find could end up costing you a lot of money. Weigh up a few van insurance providers, see what they have to offer and then make an informed decision.
Whilst both time and money are precious commodities, sometimes you do have to spend time to save the pennies a little. Whether you prefer to pick up the phone or go online when you've got a spare moment (or indeed do both), you really need to be sure exactly what it is that you're paying for. Van insurance - in most instances - won't be cheap, so it's worth doing a little digging to ensure you're getting the best value possible.

Vincent Rogers is a freelance writer who writes for a number of UK businesses. For the cheapest van insurance online he recommends Budget Small Business Van Insurance.

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