Trampoline Park Industry

blog-2

The nation’s ever-expanding amusement world is taking a new twist as indoor trampoline parks approach critical mass. About 70 are operating across the country, with revenue exceeding $100 million. The parks — which charge $8 to $14 an hour — feature wall-to-wall trampolines, with trampolines even lining side walls. “It wasn’t on our radar, but I have a feeling it will be soon,” says David Mandt, spokesman for the International Association of Amusement Parks and Attractions.

It’s certainly on the radar of orthopedic surgeons and attorneys. Broken ankles, arms, legs and even a fatal broken neck have been logged at these parks. The American Academy of Orthopedic Surgeons advises folks to jump with extra caution.

Accidents such as twisted ankles, sprained wrists and collisions are a natural part of jumping on trampolines – and insurance premiums reflect that risk. One facility went through about 60 vendors and only found two companies willing to underwrite the policy. They also had to increase their occurrence and aggregate limits to $2 million each, as well as purchase an umbrella policy to cover it all. “I think it is easier to get the space shuttle insured than this trampoline park,” one park owner said.

Finding coverage really need not be that big a stress. The key is to work with an agency that knows and understands your risks. Risk Management LLC knows what we’re doing on these difficult risks, and can help guide you through safety procedures and regulations to help make you park as safe as possible. Contact us today to see how we can help you!

Steve Young, Vice President

  • Risk Management assisted me in determining the best insurance coverage to match my business’ risks. Not only did their professional staff spend ample time meeting with me to understand my business, but they continue to follow up with a phone call on a regular basis. I’d consider each of the members on the Risk Management team a true asset in my corner, as they assist to resolve complex insurance issues including GL, Med-pay, business interruption, unemployment insurance, and most importantly, claims management. Their ongoing research in the insurance industry allows my rates and coverage’s to be best in in class, which helps me to remain competitive in my industry.

    -Steve, S. former owner of Helium Trampoline Park

  • “When we want develop partnerships with vendors, the deciding factor is always based on a single question…Do they pick up their phone? At Risk Management, they pick up their phone. In the indoor trampoline park industry, we have dealt with several insurance agencies that were always more concerned about their commission, not building a business relationship or serving our needs. On more than one occasion, Risk Management has stepped in and helped us with carrier/policies issues that the incumbent agencies had dropped the ball on. There was no financial reward for Risk Management in these situations, they see a problem and help fix it. They just do business the right way. Steve Young and his team at Risk Management represent us, not the carrier. We highly recommend Risk Management.”

    -Mark M. Operations Manager,CEO Fun Palace Place

Address: 21420 W. Greenfield Ave Ste 100
New Berlin, WI 53146
(262) 785-8930
Toll Free: (888) 857-5144
Fax: 1 (800) 424-3955
Risk Management LLC BBB Business Review

ask us anything We would be deligated to answer any questions you may have.

  • This field is for validation purposes and should be left unchanged.