Amusement Park Insurance Cost

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Amusement Park Insurance Cost

In order to determine the average cost of amusement park insurance, we scoured industry reports, market reports, media publications, insurance company websites and statistics, and amusement park annual reports. Through our research, we were unable to determine the industry-standard cost of insurance as a percentage of revenue, however, we found that the average amount spent annually on insurance by United States amusement parks is $300-$800 per $1 million in coverage. In addition, we found that Six Flags spent approximately 0.56% of their revenue on insurance in 2020 maintaining coverage up to $100 million. Details of our findings have been provided below.

Amusement Park Insurance Overview

  • Amusement park insurance provides coverage for a park's assets in the case of injury or property damage on the premises.
  • In 2016, there were approximately 30,000 emergency room visits in the United States linked to amusement parks and children between the ages of ten and fourteen are the most likely to be sent to the ER accounting for 17.9% of injuries.
  • Amusement park insurance regulations vary by state, however, mobile parks are regulated by the CPSC.

Amusement Insurance Cost

Amusement Insurance Types

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