Holiday Park Insurance & Inflatable Pillows

Since September 2023, the Australian Insurance Market has returned with the ability to source covers for inflatable pillows/trampolines. 

However, locations are noticing significant restrictions to their covers within their new policies. 

These restrictions come in the shape of:

• limited cover
• significant risk management improvements required
• significant increases applied to excesses for each and every claim (with parks suffering from an excess of up to and over $100k per event) and; 
• additional excesses/penalties in the event certain risk controls are not met. Putting additional strain on park owners and operators alike.

These restrictions are being seen across the market as a common solution for insurers to lower their costs to the claims experienced by their customers, by ultimately lowering the covers to their customers, i.e... you.

In addition to this, we are also seeing significant increases across the board to premiums as well, creating a highly undesirable situation for business owners who may require one day the need to use their insurance policy, but will carry the fear of declination of renewal, or the potential further restrictions/increases which may apply in further years.

Due to our stringent compliance controls and strong international relationships, where undesirable terms are only available in the Australian market, or no form of cover is available at all. We are able to utilise UFI’s (Unauthorised Foreign Insurers) which have met the requirements of our exclusive facilities to potentially quote for locations such as Holiday Parks within Australia.
The UFI’s that we use have already presented powerful solutions to a number of markets across Australia, have assisted other Park locations, and may potentially be able to assist you.

Our office will require the following information to obtain some potential terms via our exclusive facility.

We will require:

1. A completed Proposal Form - Contact us below to request our Proposal Form  

2. An up-to-date claims history from your insurer/s for the last 5 years

3. Risk control documentation to identify how you manage your exposures

4. Confirmation if you are currently insured or if you are not.

If you are insured, we will require your latest summary schedule/tax invoice to ensure any potential terms sourced meet our compliance requirements. Without this, if you are insured via a current APRA authorised insurer, we will not be able to assist you further.

If you are not currently insured. We need details as to why this is and advice in writing from your last insurer as to why they are no longer providing terms.

Once potential terms are received by the UFI insurer they are stringently reviewed to ensure that they may be substantially favourable to your circumstances.
This can be applied in a manner as follows:

1- Ability to cover activities currently excluded

2- Significant reductions to your premium ratings (approximately half the current premium structure)

3- Significant reductions to your excesses applied (approximately half the current applicable excess structure)

· Or a combination of the 3 above

If following our stringent reviews, our UFI facility terms can be confirmed to meet your requirements, we will be able to provide you with our quotation and steps for how to move forward.

If our UFI facility is unable to meet the requirements of being substantially favourable to you, then they will not be able to provide terms, which should provide you with some further confidence with your current insurer.