Parents love to spoil their kids and they’ll pull out all the stops to make sure each birthday or event is celebrated in style – and we’re not just talking about high-profile celebs like the Kardashians here. Gone are the days when a game of pass-the-parcel was all you needed to get everyone in the party spirit, and plenty of us ordinary parents are spending much more to make it a day to remember. Now, the average children’s party costs £320 not including presents according to money-saving site Vouchercloud. The biggest outlay is for entertainment, accounting for 21% of the average party budget – which is great news if you’re a children’s entertainer or you run a party events business.
But amongst all the fun, games and potential profits, it’s important not to forget the essentials like kids’ party insurance. Without it, you could be faced with huge legal costs if something goes wrong, or left footing the bill if your equipment is damaged or lost.
Whether you’re a party professional or you’re organising a party at home, here is what you need to know.
Insurance for kids’ party professionals
Whether you’re an entertainer, party organiser, or run a bouncy castle business, value for money insurance is a business essential. Get in touch with Park Insurance to find out how much you could save on your kids’ party insurance today.
What childrens party insurance insurance do I need?
The level of insurance you’ll need will depend on your business. For the best value premiums look for tailored deals to pick and mix your cover. That way, you won’t pay for anything you don’t need.
Insurance options to consider:
- Equipment insurance. This covers specialist party equipment (such as a bouncy castle, costumes, or box of magic tricks) against damage and theft.
- Public liability insurance. This covers you financially if any member of the public is injured or property is damaged because of something connected to your business. For example, you can be sued if a child falls awkwardly on a bouncy castle and hurts themselves, even if you don’t think you’re at fault. If you supply food for the party you can have a claim brought against you if someone gets food poisoning or has an allergic reaction to incorrectly labelled food. Public liability insurance for kids parties pays for your legal fees and any compensation awarded, for your complete financial peace of mind.
- Employer’s liability insurance. This is a legal requirement if you employ any members of staff, even if they work part-time. If you don’t have this cover, you can be fined.
- Cancellation insurance. This covers you for any expenses that might be incurred if you have to cancel the event.
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First, do I need insurance for my kids’ party at home?
If you’re planning a party for your own child, kids’ party insurance provides peace of mind that you’re financially covered if something goes wrong.
If you’re having the party at home, don’t rush out to buy additional cover. First, check with your home contents and buildings insurance provider as you may already be insured. As it’s a private event, you’re likely to be insured for damage to your property if you have opted for accidental damage cover. Then, carefully double-check the small print to see if your legal fees are included and if there is a limit. Remember, if a child or parent gets hurt or suffers an allergic reaction to food, they can sue you for compensation. You might think that friends and family are unlikely to claim, but it does happen. Also, if there is an accident, you’ll have peace of mind that your guests can get the compensation they deserve.
Next, do I need kids’ party insurance if I hire a hall?
If you’re hiring a local hall, again you’ll first need to double-check if you’re covered by your home insurance. It’s also worth looking at what level of insurance the hall itself offers so you don’t double up. Many halls and venues have insurance to cover them if someone hurts themselves because of something to do with them. For example, someone trips and hurts themselves on a broken step. But don’t rely solely on the insurance offered by the venue. You’ll need your own insurance to cover you if someone is hurt because of something you’ve done. For example, if a guest trips over trailing balloon strings or gets food poisoning from the refreshments you serve.
Finally, cover you can count on at the best price
If you don’t take out children’s party insurance it can cost you big in the long term. In today’s no-win, no-fee suing culture it’s all too easy for a member of the public to bring a claim against you. But you can still find a great value deal on your insurance if you look.
Speak to an insurance broker with experience in organising kids’ party insurance, like Park Insurance, to find the best price deal for you. We understand the unique needs of the industry, so you can be sure you’ll get the level of cover you can count on. That means no nasty surprises in the small print, just real peace of mind. And because we are preferred broker for some of the UK’s leading insurance companies, we can negotiate great deals on your behalf. That way you can be sure you’re covered if the worst does happen, but you can also be confident that you’re getting a good value price.
For more information or a free quote, give us a call on 0117 955 6835 or complete the form below.