How to Insure a Theme Park

The theme park industry grows each year. Water parks, family amusement centers and traditional theme parks draw new visitors year-round. Fun comes with risk of injury at amusement parks. Purchase liability insurance to protect yourself and your patrons in case of injury. Theme park insurance is available but expensive. Keep your theme park as safe as possible to reduce injuries and insurance costs.

Instructions

1. Realize you need theme park insurance for your event or business. Protect yourself against liability claims with theme park or event insurance if you operate inflatable slides, go-carts, bouncers or other entertainment activities. Review the definition of theme parks, carnivals and other fun centers found in insurance policies and state laws.

2. Contact an insurance company that specializes in theme park or event insurance. Find a specialist who understands the amusement park industry.

3. Purchase or lease only safe rides or attractions for your theme park. Enforce safety rules on all rides and attractions. Keep claims at a minimum by providing the safest theme park possible. Keep your park up-to-date and comply with local laws concerning theme parks and their safety.

4. Obtain an inspection of all rides or attractions from the appropriate state agency regulating theme parks. Inspect the rides yourself if the state does not mandate or provide inspections. Keep records concerning the result of all inspections and all repairs and improvements made at your theme park. Register your theme park with state and local agencies before beginning operation.

5. Review the safety and claims history of all subcontractors used at your theme park. Hire only reputable individuals and companies to operate rides or to provide services at your facility.

6. Make safety a primary business concern, not only for your patrons but also to keep your amusement park a thriving, insurable business. Keep theme park insurance available and affordable by utilizing the best safety practices at your theme parks.

Resources

• Visit the Event Planners Association website for a free insurance quote.