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Playground Insurance: Coverage, Liability, and Best Practices

Discover the essential aspects of playground insurance, including coverage options, liability considerations, and best practices for inspections and maintenance. Learn how your insurance carrier can assist you and ensure you have the right coverage. Plus, explore the importance of proper accounting and reserve studies for playground management.

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Playground Insurance: Coverage, Liability, and Best Practices

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  1. Coming up Next • Insurance Coverage • Reserve Studies • Accounting – Debts and Credits • Picking a Playground • Playground Inspections • Playground Preventative Maintenance • Did you take the quiz on “kahoot” which was sent to you when you registered? If not, test your insurance knowledge base now.

  2. Playgrounds: Paperwork and Problems Part 2 – Insurance

  3. Next in Playgrounds Paperwork and Problems: Part 2: Insurance, Part 3: Accounting, Reserve Study and Administrative and Operations Overview • Insurance • Insurance Carrier Assistance • General Liability vs Product Liability • Umbrella • D & O what makes Board members personally liable • Loss Assessment Insurance  • E & O

  4. Playgrounds: Insurance • Insurance: What to expect from your insurance carrier? • They accepted the liability - Should they inspect it? • Process of quoting or binding a policy • Walk the property with the broker / agent • Before buying a policy have your agent check: • Does the Carrier exclude manufacturer or type or named component from coverage? • If you have an excluded component in your playground does is exclude the whole playground? • Are there carriers who will refuse to write playground policies? • Insurance Discussions: How can your carrier help you?

  5. Playgrounds: Insurance • General Liability & Property (Package Policy) • Umbrella • Is the Umbrella policy “Follow Form or True Umbrella? • Difference between claims made vs occurrence • D&O • NRS 116.31037 - Board member protections - . . . unless it is proven that the member acted with willful or wanton misfeasance or with gross negligence • NRS 116.3113 (1)(d) - Management company protections . . . coverage must extend to the members of the executive board and the officers, employees, agents, directors and volunteers of the association and to the community manager of the association . . . • E&O • Insurance Discussions: What kind of coverage do you need?

  6. Playgrounds: Insurance - Contractor • Product and Completed Ops Liability • Cost of Construction • Also Insured vs Additional Named Insured • Reading the Certificate of Liability - a review • Insurance Discussions: What kind of coverage do you need?

  7. Playgrounds: Insurance - Contractor INSERT COPY OF CERTIFICATE OF LIABILTY • Insurance Discussions: What kind of coverage do you need?

  8. Playgrounds: Insurance • Claims Process • Document – Document – Document. • People first - • Insurance Discussions: How can your carrier help you?

  9. Playgrounds: Insurance • Claims Process • Document – Document – Document. • Property Second • Procedure – Before you even open the playground • Insurance Discussions: How can your carrier help you?

  10. Playgrounds: Insurance • Best Practices: • Inspect • Maintain • Signage / Disclose • Transfer Risk • Document • Design with a purpose https://www.wbdg.org/resources/playground-design-and-equipment • Insurance Discussions: Best Practices

  11. Playgrounds Paperwork and Problems BREAK

  12. Coming Up Next! • Accounting • Reserves • Picking a Playground • Playground Inspections

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