Kids love playgrounds! They want to play and run around. Parents adore seeing their kids burn off that extra energy. The use of modern materials and custom computer design resulted in safer playgrounds. Yet a child or a parent can be injured. A commercial business insurance is a must have for any manufacturer, contractor or owner of a playground and equipment.
General Liability Insurance for Playgrounds
The three main types of protection that come with general liability are:
Premises Liability
Covers you for costs of incidents that occur on your playground.
Product Liability / Completed Operations
The products liability part of commercial business insurance is designed to protect a business from injuries or damages caused by a faulty product. For a manufacturer of playground equipment, this is a primary coverage. Along with completed operations, this coverage protects the owner from claims related to injuries and property damage. For example, if a playground contractor completes the installation and a defect is found with the structure, the owner/operator, and/or contractor can be covered for that issue.
Coverage for the property
These includes coverage for the playground equipment, as well employee dishonesty, additional building coverage, coverage for contents of a building, electronic data coverage, and many others.
Workers Compensation
Workers compensation is a required part of business insurance if even one person is employed. This protects the business in the case that an employee is injured, for instance while building a playground structure. Workers compensation covers costs of emergency care, continued care, and missed income if the employee cannot return to work immediately.
Excess Liability / Umbrella
Extends primary liability limits.