Trampoline park operators shut shop over exorbitant insurance rates
Posted On: May. 8, 2019 5:46 AM CSTAn Australian insurance official said that insurance rates for trampoline park operators have surged 300% in the country in the last two years, forcing 50% of firms to go out of business, InterGame reported. Michael Alexander, managing director of Australia-based HIB Insurance Brokers Pty Ltd., said that 98% of insurers are refusing to cover new trampoline parks due to liability concerns.