All about Haunted House Insurance
Haunted house is a fun, albeit scary attraction. It also makes for a rewarding enterprise as Americans spend more than eight billion dollars on Halloween. However, running a haunted house is a risky proposition. It may not be successful. It may not have longevity. Many independent haunted houses, that is small mom and pop enterprises that are not a part of a larger and more popular chain, shut down in the first two to three years. This is primarily due to lack of enough interest, which could be due to the quality of the scares and dearth of uniqueness of the facility. It is also owing to the stringent regulations imposed by most cities and local governments. Potential lawsuits and injury claims can also wreck the business.
One of the quintessential needs is haunted house insurance. Every customer is exposed to a certain degree of risk while exploring the haunted house. Some may get injured, some may injure others, there can be possible health complications during or after the exploration and there is always the chance of having the employees or actors injured during their performances. One cannot control the response of a customer. Some people may get scared to an extent where they respond to violence and hurt the actors or performers. Haunted houses are also vulnerable to physical damages. People running and screaming, pushing around and clutching on anything that they might find safe, raise the risks of property damage. Everything from lawsuits to property damage, personal injury claims of employees and damage caused by firing or electrical failures can be costly for a business. Only an insurance that provides adequate coverage will be the much needed savior.
Like any insurance policy, there are various policies and terms for haunted house insurance. The exact nature of the scares, the length of the tour or duration of the activities, the potential risks and the target market as defined by age group will determine the exact coverage needed and accordingly the cost. There will be some exemptions that should be studied astutely. The worst mistake is to start a haunted house without adequate insurance. It opens the floodgates of expected and unexpected expenses, all of which can ruin the sustainability of the business. Haunted houses don’t always have a dream run. There are surges and slumps in popularity. Surely a business doesn’t need the avoidable exposure to uncontrollable liabilities or costs.
Not all insurers offer haunted house insurance. A business will have to look for specific companies and one must also check the track record of such insurers. It is futile to have haunted house insurance if the coverage is not sufficient or if the insurer has a history of turning down legitimate claims by finding some loophole in the terms. Also, haunted house insurance cannot be generic. It has to be specific to the kinds of scares, the location, the type of infrastructure and modus operandi of the establishment. Find the most comprehensive and inclusive haunted house insurance to safeguard your business interest.