How can I become a member of this group and get an insurance proposal?
Each prospective member must complete an insurance application and submit it to the program administrator for approval.
How long does it take to see if I am eligible to become a member of the group?
Typically, once the application is received by the administrator, it will take no more than a week for a decision.
What are the fundamental requirements for group membership eligibility?
Members must be engaged in the manufacturing, distribution, rental or operation of inflatable amusement products in the continental United States, adhere to safe business practices, maintain proper records and comply with standards and recommendations promulgated by the group or the program administrator.
If my business includes more than just inflatable products, can I still qualify?
Yes. Most party or entertainment operations can qualify.
Are there restrictions on the type of products the program will insure?
There are underwriting requirements that must be met, including some product restrictions.
Are indoor as well as outdoor or rental operations eligible?
Yes.
Do members participate in a group policy or do they receive their own individual policies?
Each member receives their own individual policy.
What criteria were used to select the companies underwriting the coverage?
All coverage is underwritten by companies carrying a financial strength rating of “A” (Excellent) from A.M. Best, the industry’s leading rating agency.
Who is the Program Administrator?
The program is being administered by CSI Insurance Agency, Inc. CSI has been involved with the Inflatable Rental Industry since 1997.
Can I continue to work with my current insurance agent?
The program is open to qualified insurance agents. Your agent will need to contact the program administrator to see if they qualify.
How would I compare the insurance available under this program to my current insurance?
You should work with a licensed insurance agent to make sure you understand: the coverage provided, the basis for the premium charged, any adjustments or other charges that may be due, the out-of-pocket costs you will pay for claims (deductibles) and other considerations.
What lines of Insurance are included?
The group was formed specifically to address the liability insurance requirements of its members. However, property and equipment insurance is also available.
Is there a difference between an Admitted and a Non-Admitted Insurance Company?
Yes. The main differences involve: the way they are regulated by the state insurance departments, the way taxes are collected and paid, participation in state insolvency pools and the freedom to use rates and forms. Of primary importance with both admitted and non-admitted insurance companies are their financial strength and stability as well as their responsiveness when coverage is needed and claims occur. Non-Admitted companies exist to serve the insurance needs that most admitted companies do not want to handle.
Are there other Questions you would like answered here?
Just send your questions to the program administrator and they will be evaluated for inclusion in this section.
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