Frequently Asked Questions from IIPG Customers

• What Coverages Do You Offer Through Fun Pro?

Our standard coverage offerings are:


• General Liability for costs and defense if someone accuses you or your equipment of being responsible for a loss;
• Property (in most areas) for recovery of property, personal property, lost income, and betterments and improvements in the event of such occurrences as fire;
• Inland Marine for replacement cost on your equipment for certain losses other than normal wear and tear);
• Accident & Health for medical costs only, without regard to whether or not you or your equipment is responsible for the loss;
• Professional Liability for event planners.


If you require other coverages such as Workers' Compensation, property on the coast, or coverage for equipment or activities that we do not normally cover, be sure to speak to your Agent or Underwriter to see about other options that we can offer.

• What Kinds of Businesses Do You Cover?

We cover party equipment rentals, indoor party facilities, event planners, and entertainers with groups of less than 3 persons. These are offered on an annual basis. Coverage for Halloween Houses/Agri-Amusement operations are offered on an annual or seasonal basis.

We currently do not cover:


• Gymnastics or sports centers (aquatic centers, rock wall centers, adventure centers, summer camps);
• Retails shops, stores and online sales operations;
• Facilities with drop-off customers or full restaurant facilities;
• Family entertainment centers with raceways and Putt-Putt;
• Summer camps;
• Large traveling carnivals;
• Event owners, sponsors or venues.

• What Differences Can We Expect in the Fun Pro Plan?

There are four major differences between your current plan and the Fun Pro plan:


1. Pricing is based on your equipment rather than on your retail sales. Lower risk equipment is lower in cost than higher risk equipment. The positive aspects of this type of pricing are:
   • If you work hard to make as much money as you can, you do not have to worry that the insurance company will take a portion of your profits;
   • You are not normally required to give personal financial information such as tax records for verification of receipts;
   • We do not perform regular financial audits on your account.
2. There is a deductible for all General Liability and Package Plans. The standard deductible is $1,000 for General Liability, $1,000 for Property, and $500 for Inland Marine coverage. You may ask your Underwriter or Agent about other deductible options that might be available for you. A deductible keeps the cost of claims lower, and a lower loss ratio (the comparison of all claim dollars to premium collected) for your account and on the total book of business keeps your insurance rates lower.
3. Fun Pro provides a Blanket Additional Insured endorsement on every General Liability and Package policy and online capability for issuing your own additional insured certificates. Once you have a policy through Fun Pro, you can access the website at any time to print a certificate. For example, you take a last-minute job but the customer requires that he/she be named as additional insured on your policy. There is no waiting around for someone else to provide the certificate; there is no additional fee. You simply enter our website, give your policy information and the name and address of the customer, and you can print your certificate to your own desktop in a process that takes less than 5 minutes.
4. Fun Pro does not automatically offer $1,000 Accident & Health coverage included within the standard policy. We offer optional Accident & Health coverage for a nominal additional premium. We believe that the choices we offer you - $5,000 per occurrence, $10,000 per occurrence and $15,000 per occurrence - are more consistent with current medical expenses that are the result of an injury.

• Does the Fun Pro Policy Cost More than Our Current Policy?

That depends. If you have higher receipts and lower inventory, the Fun Pro product is much lower in cost. If you have lower receipts and higher inventory, the pricing may be higher. However, as part of the merger, THOMCO is committed to making the transition as seamless as possible for you. Therefore, we will make every effort to keep your premium comparable to what it has been, even if it is lower than how we would normally rate your account. Bottom line: we want to welcome you as one of our many satisfied customers rather than to cause you sticker shock.

• If You Give Us a Comparable Price This Year, What Will Happen Next Year?

No one can predict the future. Rates are based on the performance of the book of business as a whole - (again, the comparison of the cost of losses to the actual premium collected) and your individual account history. The insurer will be reviewing the statistics regularly throughout the year. We are confident that our Underwriting team will maintain pricing in such a way that there are no exorbitant increases in the future. If you speak to some of our current customers, you will learn that we make every effort to keep our prices steady and - in some cases - we have lowered the rates.

• Does Pricing Change if I Add Equipment or Sell It During the Year?

Yes. If you use equipment only on a seasonal basis, it should be added for coverage on a year-long basis so that you have access whenever an opportunity arises. However, if you purchase a new piece, or decide to sell or discontinue use permanently, you should let your Underwriter or Agent know immediately. We add and remove equipment mid-term. Additional premium for adding equipment is charged and return premium for removing equipment is returned, based on a prorated calculation.

• Isn't It Complicated to Keep Up with All Our Equipment for You?

If you do not already have an inventory list, the first one you make for us will take some time and effort. However, most of our customers indicate that keeping an inventory list for insurance has helped them to organize their equipment and to figure out which pieces are newer and more popular and which ones might be better off retired. Having a managed inventory generally means having a safer, more profitable inventory.

• I Have Multiple Identical Pieces of Equipment But I Only Use One at a Time. Do I Have to Pay Premium On All Of Them, Or Just One?

The policy will cover only the pieces that are listed on the inventory list you provide. We will ask you to give us a serial or invoice number that will distinguish each piece from the rest. Any piece not specifically listed on the policy will not be covered. Therefore, if you use all of the pieces at different times throughout the year, you would need coverage on all of them.

• Do I Have to Cover Every Piece I Own or Rent Out?

Your insurance coverage is a business decision that you make. We recommend that you cover everything you rent for General Liability. Most states have enacted or will soon enact laws that require you to do so. However, we cover only what you list on your itemized Equipment List. Unless there are special circumstances, however, our Underwriters want to write an account that has at least 50% of the total inventory covered. It is always wise to speak to your Agent, Underwriter or attorney if you have concerns about this issue.

• Is Pricing for An Indoor Party Facility the Same as for a Party Rental Operation?

No. Rating is based on the number of party rooms and the activities, procedures and equipment at your facility, factors which are quite different from the risk factors involved with equipment rental. Based on loss experience, pricing for indoor facilities is higher than for equipment rentals.

• If I Have Offices in Different States, Can You Cover Me?

Yes, of course. We write General Liability in all 50 states. Just be sure to mention all office locations on your Fun Pro application so that they will be indicated on your policy. If you have certain equipment at certain locations, we will ask that you tell us that also.

• What If I Only Have One Office But I Rent My Equipment in Different States?

No problem. Your coverage is good in all states. If you move continuously throughout the year, however, check with your Agent or Underwriter as you may be considered more as a carnival business than a party rental operation and we would need to adjust our coverage accordingly.

• Who is the Insurer for Fun Pro?

We write the program through The Steadfast Company, which is the surplus lines company for Zurich Insurance - North American Division. Zurich in not only one of the largest insurers in the world but also has an A+ financial rating. Zurich is known for its financial strength and excellent services. Zurich makes long-term commitments to its programs, which means that you will not be faced with changing carriers every few years.

• If I Sell My Business In the Middle of My Policy Year, Will the Policy Continue on for the New Owner?

No. Your insurance policy is a contract between you and the insurance company. Once one of the parties (you) is no longer in the contract, it becomes null and void. Insurance contracts are not transferable.

• When Does My Insurance Begin with Fun Pro? Do I have to Do Anything Now?

At your next renewal, Fun Pro Underwriters will automatically become responsible for the service on your renewal policy and all policies thereafter. Until your renewal, CSI will handle any service inquiries and requests that you may have.