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| *Ostroff, Fair and Company>>>Insurance |
How much does the average fair company pay to insure their ride annually. An estimate is good enough.? |
How much does the average fair company pay to insure their ride annually. An estimate is good enough.? You will not get any answers to this question because it is too variable. It depends on how many rides there are, what kind of rides there are, how skilled the ride operators are and what kind of accident (claim) history the company has had in the past. There is no one average fair ride insurance cost because you don't specify what kind of average ride you are talking about. In my experience, the average fair company goes uninsured on the rides. They have a 'general liability' slip & fall type policy, which runs about $4,000 a year, with scheduled locations, and a mechanical amusement devices exclusion on it. Everything's run & owned in a corporate name, and if there's a serious loss, they just sell off the assets to a new corp, and walk away, doing the same thing at the next location. IF you want to BUY the liability coverage, it would depend on the number of rides you have, and the type of ride, I'd imagine it would be about 25% of the policy limit, defense inside the limits, and the occurence limit would be the same as the aggregate limit. agent, 20+ years |
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