![]() ![]() ![]() The business is protected about as well as it possibly can be, once you’ve got your escape room business entity, your business insurance, and a well-drafted customer release.īefore you start using any name for a business, it’s important to do a proper clearance search. ![]() Possibly an Umbrella Insurance policy, which will fill in the gaps in the event of a catastrophic loss beyond the limits of the above policies.Possibly Director’s and Officer’s Insurance.The specific types of business insurance that an escape room will want to seek usually include the following: You don’t want to miss something important, that could cost you later on. If you’ve got an insurance underwriter who takes the time to explain what’s going on and what you need, that’s a good thing.ĭon’t rush into this – get a good recommendation from someone you trust, and have a serious discussion with the insurer. What do you need to do in the event of a possible claim? Is there a time limit for notifying the insurer?.What are the limits to the policy (both monetary and claims-wise)?.Will the insurer handle your defense in court or settlement talks, if you get sued?.Do you need to pay any claim up front, and get reimbursed by the insurance company later?.Is this the kind of coverage that others in similar businesses get?.What kind of coverage will I have, and what else is available?.You want to make sure that you fully understand the limits and the costs of the policy you’re going to be getting. There are some important questions you want to ask when dealing with an insurance underwriter. The officers and directors of your company, against any kind of liability for what they’ve done during the course of their jobĪs you can see, there are a ton of things that you can insure your escape room business against.Intellectual property claims against you (we’ll get to that next).Damage to your property (by customers, vandals, fires, or weather, for example). ![]()
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