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Family entertainment centers or FECs are businesses that typically offer arcade games, mini-golf, laser tag, and more. These businesses can face unique challenges due to their operations and the environment in which they operate.
Here are some reasons why family entertainment centers need specialized insurance:
Liability Risks – Since family entertainment centers involve physical activity, patrons can be injured. With specialized insurance, FECs can obtain liability coverage that can help cover legal and medical fees associated with accidents that occur on the business’s property.
Property Damage – FECs have expensive equipment inside. These items can be damaged due to accidents, natural disasters, or vandalism. Specialized insurance can help cover the costs of repairing or replacing damaged property.
Business Interruption – If a fire, natural disaster, or some other unexpected event forces a family entertainment center to close, business interruption insurance can help with lost income, rent, and utilities.
Cyber Liability – Since many family entertainment centers have implemented technology for ticketing, reservations, and payment processes, FECs are vulnerable to cyber threats. Cyber liability insurance can help cover costs associated with legal fees, notification costs, and more.
What Are the Risks That Family Entertainment Centers Face?
Family entertainment centers can face various risks that can impact staff, patrons, and more. By identifying and addressing these risks, FECs can begin to implement comprehensive risk management strategies.
Physical Injury – There is a significant risk that a physical injury could occur at a family entertainment center. Patrons are often participating in activities such as trampoline, climbing walls, or playing with arcade machines.
Property Damage – Since family entertainment centers have expensive equipment, the threat of property damage is an important one to consider. Risks include gaming devices as well as fixtures, furniture, and decorations.
Health and Safety Compliance – FECs are required to adhere to health and safety regulations. Failure to comply could lead to fines, penalties, and legal liabilities.
Employee Injury – Family entertainment centers face the risk of employee injury which can occur during maintenance, cleaning, or operating attractions. Injuries can range from slips, trips, falls, strains, sprains, or more.
What Are Proactive Measures That Family Entertainment Center Businesses Can Take to Minimize Risks?
There are several steps that family entertainment centers can take to minimize risks and ensure the safety of their patrons, employees, and assets. Here are some proactive steps to take:
Safety Protocols – Consider developing a robust safety plan for all activities and attractions within the FEC. You can provide clear instructions to patrons, enforce age and height restrictions, and conduct regular safety inspections.
Employee Training – Make sure to properly and thoroughly train employees on safety procedures, emergency response protocols, and customer service standards.
Maintenance – Regularly, inspect, maintain, and repair all equipment, attractions, and facilities to make sure they are in good working condition. It’s a good idea to come up with a schedule for inspections so you do not forget.
Security Measures – Surveillance cameras, access control systems, and trained security can help to deter theft, vandalism, and other crimes.
Health and Safety Regulations – Family entertainment centers should stay updated on local, state, and federal health and safety regulations.
How Can Biscayne Risk and Insurance Group Help Protect Family Entertainment Centers?
Insurance plays a crucial role in protecting family entertainment centers against various risks they face. When you obtain specialized insurance coverage tailored to your unique needs you can help mitigate financial losses, protect your assets, and help protect your patrons and employees.
Biscayne Risk and Insurance Group offers comprehensive insurance solutions such as commercial property insurance for businesses that can help address specific risks and challenges that FECs face.
We have an experienced team that can assist you with selecting the perfect insurance packages for your family entertainment center business. Please contact us to get started. We look forward to working with you!