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
