Looking for great deals on liability insurance for inflatables with instant low cost inflatable equipment hirers liability insurance in the United Kingdom. As a specialist liability insurance broker we provide you with on-line quotes from the leading insurers so that you can compare cover and premiums for your business insurance with our team of brokers on-hand to assist you with any queries you may have and help you to obtain our best price for your insurance.
Why does a inflatable equipment hirer need liability insurance?
As an inflatable equipment hirer you are exposed to the possibility of legal action being taken against you in respect of your legal responsibility for personal injury or property damage arising during the course of your activities. Claims in respect of these liabilities can be expensive to defend and even more costly if you are found legally liable. Your bouncy castle hirers liability insurance is there to protect you against these losses by providing you with insurance in respect of awards made against you and the defence costs of any claim.
What sort of liability insurance does an inflatable equipment hirer need?
For the majority of businesses there are basically two types of liability insurance that need to be considered.
- Public liability insurance protecting you against claims made against you in respect of your legal liability for personal injury or damage suffered by third parties. The public liability insurance can also include products liability insurance to protect you against claims made against you arising from the sale or supply of a product.
- Employers liability protecting you against claims made against you in respect of your legal liability for death, disease or injury sustained by an employee during the course of their employment.
It is worth noting that businesses that provide professional services may also need to consider professional indemnity insurance as part of their liability insurance arrangements.
How much liability insurance does an inflatable equipment hirer need?
The limit of indemnity is the maximum amount the insurer will pay our for a single claim, or in some cases the maximum amount they will pay out in a year. This limit is set by you based upon your requirements. Common limits under these policies are £1M, £2M £5M and £10M although other limits are available for bouncy castle hirers . Choosing this limit you will need to decide how much cover you think you will require and this may depend on the type of work you undertake, but more commonly these days, the contractual requirements you work under such as requests for a certain limit from local authorities etc.. For employers liability, the statutory minimum is £5M although in practice policies are not issued with a limit of less than £10M, again higher limits are available upon request,