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So, who will insure the Jumping Pillow? To date we have had no problem with Insurers both local and National. Speciality national insurers such as Leavitt Recreation, HUB International, Evergreen Insurance, Farm Family Insurance and Gillingham & Associates Inc. Outdoor Insurance Group now are very aware of the Jumping Pillow and have non-inhibitive and specific policy regarding insuring the Jumping Pillow. There is no problem with insuring the Jumping Pillow. If your insurance company is unsure of our product, please have them make contact with us! |
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ARE YOU COVERED? I have had long and fruitful discussions with the Insurers that specialize in Hospitality Industry and they have explained their position on the matter relating to 'new' products. 1. No one wants to inhibit the successful launch and proliferation of the Jumping Pillow however it is the product that has to establish a track record in order for it to be accurately assessed. The Insurance companies are 'Reactive' and not 'Proactive' in these matters (this is understandable). 2. The Insurance companies have been helpful in their advice on certain measures which we can take to reduce the likelihood of claims. Jumpimg Pillows LLC has adopted these suggestions and incorporated them into our Supplier agreement and the provision of signage etc. These are in addition to the already stringent safety policies, which we have adopted from the Australian model that has enjoyed a perfect track record in relationship to claims. 3. Importantly, when you install a Jumping Pillow you should be automatically covered under your existing policy usually without any additional premium charge, however you must advise your Insurance Company of the installation. Talk to your Insurance company. 4. The Insurance Company reserves the right to determine future premiums, or exemption policy after your Jumping Pillow establishes a track record. Of course any resulting future additional premium will be the result of injury claims against the product, this is the case with any playground product. It is therefore vital to Jumpimg Pillows LLC and to you that safety guidelines incorporated into the installation and subsequent management of the product are followed. 5. Jumpimg Pillows LLC is working, and will continue to work with the Insurance Companies in a 'Spirit of Co-operation' 6. Safety recommendations by the Playground Equipment Manufacturers Association for approval of materials, suggest that existing installation and safety procedures adopted by Jumpimg Pillows LLC already exceed requirements. If in doubt as to the accuracy of these statements you should consult your Insurance Company prior to signing your purchasing agreement. If you have an Insurance company that wishes to impose a penalty or additional charge for the installation of your Jumping Pillow, then please contact Jumping Pillows LLC for the names of specialty hospitality insurers who don't. Gary Wakerley
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