What if one of your workers caused a car accident while driving one of your trucks on the way to a job site, damaging another car and injuring the driver? You may also have product liability exposures. They love to run around and play and a playground structure, or becomes ill from working. When you want to build a playground in the backyard, one of the most important things to do is make a plan. That means that if you expect 50 kids to be able to play there together, you should budget for about $50,000. CGL insurance may even pay for problems that occur after you’ve completed a project. December 28, 2010 11:36 AM Subscribe. Online quotes can be tempting. Your comprehensive business insurance program should be based on the size of your business, the number of people you employ, and the type of work you perform. Payment can be made with a credit card. And you may be required to have certain kinds of bonds in order to secure the required licensing for playground equipment installers. For example, if you need a playground that can handle 50 children at one time, on the lower, inexpensive end it could run $35 - $40,000 and on the higher end $55 - $65,000. The three main types of protection that come with general liability are: A business owner can package all their needed coverage into one commercial insurance policy by purchasing a Playgrounds are fun places for kids. The cost of insurance for the average start-up is $1790 (as of 2/22/19). Playground equipment costs are only a portion of the overall costs of building a new playground in Florida. Playground Insurance. These playsets are mostly simple equipment like swings and cubby houses that your local hardware store can provide. While you may not manufacture the playground equipment that you install, you can still be named in a product liability lawsuit. They know the ins and outs of the process and will make sure your claim is handled appropriately. Playground equipment installer insurance helps you minimize the costs related to employee injuries, equipment and materials damage, motor vehicle accidents, lawsuits, and more. suits. CGL insurance protects you from the costs of liability claims and lawsuits. indoor play family fun center liability insurance. How Much Does Mobile Home Park Owner Insurance Cost? This protects the business in the case that an employee is injured, for instance while building The choices you make will determine your cost of coverage. An independent agent who has experience working with different types of contractors can help you decide the types and amounts of coverage you need for your business. While the question is straightforward the answer is not always so easy. And are you getting quotes for the right coverage? Instead of getting an online quote, find an independent agent now, and get a one-on-one consultation and affordable options for the best coverage for your unique needs. In this case, a business owner may hope to For business owners, choosing speed over accuracy can cost you. Consider lifecycle costs. © 2021 businessinsuranceusa.com website The average price of a standard $1,000,000/$2,000,000 General Liability Insurance policy for small mobile home parks ranges from $57 to $89 per month based on location, size, payroll, sales and experience. Insurance for an Indoor Playground? emergency care, continued care, and missed income if the employee cannot return to work There are many, many ways in Bonds are very important for contractors who work on commercial building sites, but you may still need certain types of bonds even for residential work. You’d need insurance to pay for her medical bills and any other related expenses. ©2020, Consumer Agent Portal, LLC. TrustedChoice.com Article | Reviewed by For this reason, having commercial business insurance is a must for any Please note, not all insurance programs are available in all states. Handicapped-accessible playgrounds like Valencia's aren't cheap—on average they can cost $100,000 to $200,000—and paying for the project required its backer, the Home and School Club, to more than quadruple the original budget for the playground. That makes the average cost of playground equipment between $15,000 and $50,000. The cost for liability insurance for playground equipment installlers is, as with all insurance, based upon the risk information received by the underwriter. owner of a playground. All small business insurance policies begin with general liability coverage. How much does a playground set cost? General liability insurance also covers damage you do to someone else’s property, whether it happens at a jobsite or at your primary business location. Our agents simplify the search process for finding the right playground equipment installer insurance. It can get easy to become carried away when you are building a playground. An independent agent can work with you one-on-one to determine the types and amounts of coverage you need. It will also help to cover costs that result from any law coverage pays for costs incurred by a wide variety of incidents. An independent insurance agent can help you get the coverage you need. If you own a shop or warehouse building and several trucks, you’ll pay more than a business owner who has only a small office space and a single work vehicle. covered under general liability. How much does a natural playground cost? How much should i pay for insurance premium for an indoor playground business? parents love to see their kids have fun and burn off that extra energy. business owners policy, or BOP. We Insure in following states: Arizona, California, Colorado, Connecticut, Illinois, Indiana, Maryland, Michigan, Missouri, Pennsylvania, Florida, Georgia, New Jersey, New Mexico, New York, North Carolina, Ohio, Oregon, South Carolina, Texas, Virginia and Washington. Cost depends on a variety of factors including, but not limited to, the readiness of the proposed area, accessibility of the proposed area for crews and equipment, desired functionality of the new play area and so on. The resulting payouts for medical costs, compensatory damages, economic damage, attorney fees, court costs, and even punitive damages can be insurmountable for a small business. Regardless of the size or difficulty of a project, accidents and property damage can happen at any time. These days it is a very simple process to obtain quotations for your liability insurance, simply apply on-line or call us directly to discuss your requirements with a broker and you will have your quote in less than 5 minutes. Suitable for schools & public play areas: by Action Play & Leisure It pays for repairing or replacing damaged property of others. These will cost you less than $30 . There’s no such thing as a “typical” cost for HOA insurance, since every community is different. For this reason, having commercial business insurance is a must for any owner of a playground. Other considerations and costs. You need to protect your valuable tools and equipment whether they are at your shop, on the way to a job site, or on a trailer at the site until the project is completed. As proven specialists insuring indoor playgrounds, jungle gyms and kid fun activity centers, Indoor Playground Insurance provides customers with the necessary tools to obtain proper insurance coverage at affordable pricing. If … which a child or parent could become injured while enjoying a playground and most instances are You need an experienced agent to help you determine how much product liability exposure you have, and how much and what type of coverage you need. How much is insurance on a bounce house? This is the minimum premium (or the least amount you will pay for party rental insurance) You may be thinking "I just spent thousands of dollars on all these inflatables. Contractors bonds can be essential for finding, securing, and performing work. There is a one-time enrollment fee of $12 per site. But to build a community playground, persons will spend between $8,000 to $50,000. Quotes for adventure playgrounds liability insurance. A 5% discount is offered for an annual prepayment. We regret that it is not possible to make an appointment without an extra fee of £42.00. You’re not just buying a playground; you’re creating an asset that will have to be maintained for years to come. Not every playground equipment installer has the same insurance needs. How much does HOA insurance cost? I was needing some business insurance, and they gave me several different options and potential companies to call. If you are sued for some type of product negligence, you may be required to pay for medical costs, compensatory damages, economic damages, attorney fees, court costs, and more. What type of Business Insurance do I need? How much does a Playground Sessions membership cost? New playgrounds should be subject to a post-installation inspection on completion as part of any contract and the cost met by the installer. vehicle coverage, coverage for contents of a building, electronic data coverage, and many You are financially responsible if you damage someone’s property. Whether the playground is in a subdivision, an indoor park, or a public You’d need insurance to insurance to pay to repair the damaged car, your own truck, and for the injured person’s medical bills. It can help you pay for property damage, medical bills, attorney fees, court costs, settlements, and judgments. This type of How Much Does Playground Equipment Installer Insurance Cost? This can be added to a small business insurance policy to cover costs In the course of installing a playground, you are exposed to a variety of risks that can cost you a tremendous amount of money. Looking to join the growing kid’s indoor playground franchise or want to boost an existing business? According to Helen Mader, a board member of the Fair Oaks Community Association in San Mateo, California, for around $1,200 a year, her board purchased general commercial liability insurance to cover the association's playground, and added an "athletics participants exclusion," to the policy as well. They may also perform additions, alterations, maintenance, and repairs to existing playground equipment. The monthly subscription rate is $6 - $9 per month per site. park, insurance is important for covering the costs of injuries and accidents. Dave June 21, 2018 21:47; Updated; For information on Playground Sessions pricing and features, please visit our registration page. All rights reserved. One of the biggest risks you face as a playground equipment installer is the damage that you can do to a home or a commercial property while you’re working. If you are looking for a larger play structure with inclusive (accessible) features or a custom design, set a budget closer to $150,000. Published on February 28, 2017 February 28, 2017 • 14 Likes • 0 Comments It is a wide range of insurance products designed for general contractors, homebuilders, remodelers, carpenters and many other types of contractors. You need to know what the kids like when it comes to various types of playground equipment. You might also need some other types of liability insurance to protect your playground equipment installation business: Your tools and equipment are your most valuable asset. Business insurance tailored for playground equipment installers is one way to protect your business from the devastating costs and disruption these incidents can cause. On average, the price of a playground set will depend on the type, the features, size, brand and where it’s purchased. posted by Cool Papa Bell to Work & Money (10 answers total) 3 users marked this as a favorite . It was very easy and they provided a really good service. How will you protect your business when something goes wrong? All the decisions you make now affect how long the playground will be viable and how much it will cost to maintain over time. And if someone at the jobsite is injured because of careless work or behavior by an employee, or simply because your presence is unsafe or an attractive nuisance for bystanders, you will take the blame. Fees are paid in advance and collection on a quarterly basis. You should budget around $1,000 per child. Oh, and by the way, no need to mention that parents would sign liability waivers. Professional playground installation takes certain experience and skills to ensure the equipment is set up and installed properly and safely. Playground equipment installer insurance costs will vary depending on the size of your business, the number of employees you have, and how much business property (buildings, tools, and equipment) you have. The costs incurred by such an event may Protect yourself from playground injury law suits. The risks that individual playground equipment installers have are unique. become safer over the years, there are still many hazards and the possibility exists that a If you are opening an indoor playground you will require liability insurance, even a new housing development may require insurance to cover playground injuries. You need playground equipment installer insurance to protect your livelihood from things like: Playground equipment installer insurance is not a single insurance policy. On a sliding scale based on play-a-bility, you can expect to pay from $700 - $1,200 per child capacity. Online quotes can’t and don’t see the whole picture. But how much does that really cost? A BOP includes general liability coverage, to which other types Playground equipment can take several days to install, and requires a team of capable professionals to ensure the equipment is installed according to manufacturer specifications. of coverage can be added. For a complete commercial playground, there are a number of other considerations based on your interests, your site, number of kids, age distribution, play features, site features, installation, and any engineering or permitting costs. For smaller playgrounds the cost per square foot can be more due to the minimum amount of raw material required and can be cost-prohibitive as compared to using rubber playground tiles. They are typically used to guarantee some aspect of the bidding process or building project and ensure the project owner that you are fully licensed, insured, and prepared to complete the project as promised. that extend beyond the general policy's limits. Every type of bond is unique and tailored to a specific project. Determining that number will help you set your budget. Playground equipment installers are specialized contractors who install playground equipment to manufacturer specifications at schools, parks, private yards, and other locations. And they can leave out cost-saving opportunities that an agent can help you take advantage of. Terms & Conditions / Sometimes events occur that are catastrophic in nature. Without them, you could not perform the work you have promised. Amazon also has a lot of low cost canopies for playgrounds although they may not cover every feature on the play set. child can be injured. If your company is the cause of property damage and financial losses for a customer, you’ll likely be sued. What if a homeowner tripped over a tool or materials left in an unsafe spot and broke her ankle? Mila Araujo is a certified personal lines insurance broker and the director of personal insurance for Ogilvy Insurance. She has over 20 years of experience in the insurance industry, and as insurance expert, has written about homeowners, auto, health, and life insurance for The Balance. To understand how much a playground could cost, a good general rule is to budget for about $1000 per child. If you do all of the work yourself, you’ll certainly pay less than a remodeler with several employees and sub-contractors on the payroll. Trusted Choice was very helpful. Privacy Policy All Rights Reserved. The playground development costs should then be compared to the project budget. have commercial umbrella. 17F, David International Mansion, No.1187 Akesu Road, Jiading district, Shanghai, China +86 21 3952 8302 +86 21 3953 0805: info@funlandia.com Your agent can get quotes from multiple insurance companies so you can evaluate the cost and coverage options and make the best choice. Workers compensation covers costs of RoSPA inspections are acceptable for insurance purposes and professional indemnity insurance of £5,000,000 is carried. On average, playground equipment for private use will cost between $100 to $5,000. Whether the playground is in a subdivision, an indoor park, or a public park, insurance is important for covering the costs of injuries and accidents. others. We show a range of great playground designs to suit budgets from £3,195 - £50,000 including delivery and installation. Any company that participates in bringing a faulty product to market can be included in a lawsuit and held liable for damages to the user. Lawn Sprinkler System Contractor Insurance, Surround Sound System Installer Insurance, Accommodation and Food Services Insurance, Administrative Support, Waste Management and Remediation Services, Agriculture, Forestry, Fishing and Hunting, Professional, Scientific, and Technical Services, Property damage, theft, or vandalism to your tools, vehicles, and equipment, Lost income due to property damage or some other type of work stoppage, Lawsuits for causing damage to someone’s property or causing injuries to a third party, Car accidents involving your business-owned vehicles. Whether a person is physically injured by slipping on a wet floor at your workshop, or someone is hurt because they trip on materials you’ve left outside at a worksite, your general liability insurance covers the fallout, including the costs of medical treatment and care, and even your legal defense if you are sued. While you may not need them for every residential job, you should know what they are and be prepared to obtain them if required. If you have a large area play area that you want covered, then you are looking in the neighborhood of $2,000 more or less . You might work on small residential projects or large municipal projects, and everything in between. They are fast and easy to get — but are they accurate? For multi-level structure indoor playground, the cost can soar to as high as $400 one square meter. Playground equipment installer insurance costs will vary depending on the size of your business, the number of employees you have, and how much business property (buildings, tools, and equipment) you have. Several different types of business insurance policies can help: Commercial General Liability (CGL) Insurance. Product liability insurance covers your financial responsibility for losses or injuries to a user, buyer, or bystander caused by a defect or malfunction of your product. What’s more, your presence at a jobsite can lead to an injury for a customer, business owner, or bystander. How much does liability insurance for a playground equipment installer cost? Most importantly, they’ll be there for you when claim time comes. The specialty nature of D&O (or Directors & Officers) Insurance creates the potential for a wide range of cost differences between D&O Insurance carriers. Some product liability coverage is usually included in standard commercial general liability (CGL) policies, but this coverage may not be sufficient for your needs. The United States Access Board, as part of the Play Area Accessibiliy Guidelines, developed a formula to help you estimate how much the whole project should cost: Cost of playground equipment (x) + Cost of installation (.30x) + Cost of surfacing (.12x) + Cost of design fees, … Paul Martin. These could include employee dishonesty, additional building coverage, You might need a variety of contractors bonds, or surety bonds, depending on the size and scope of the projects that you work on. Some are small (Calvin Court in Dallas has just eight townhomes), while others are sprawling (Indian Palms Country Club Association in Indio, Calif., boasts 1,100 individual houses). Claims for product-related damage are usually related to manufacturing or production flaws, design defects, or defective warnings or instructions. outstretch a business's general liability limits. CGL can help you pay for your legal defense and any settlements or judgments that you have to pay to the claimant. Loose-fill surfaces such as engineered wood fiber, sand or pea gravel are only about $1.50 to $3.00 a square foot. They can omit important coverage that will leave you devastated if something unexpected happens. Workers compensation is a required part of business insurance if even one person is employed.
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