Auction Updates!

Today was a busy day. We had 2 auctions that closed. Congratulations to all of the winning bidders! We also had 3 teams taking inventory of a complete pizza shop in Philadelphia, a restaurant liquidation in Burtonsville, and a gorgeous restaurant furniture auction that is in Rockville, Maryland. We are hoping to have all 3 of these auctions posted tomorrow. We do have 5 auctions opened for bidding right now. For the details, go to http://www.capitolonlineauctions.com Happy Bidding!

Tips for Inflatable Business Owners

ByThe Cossio Insurance Agency

Inflatable Rental or Indoor center business owner’s sometimes underestimate the need for insurance or simply do not know that they are not properly covered. First off, let us stress how important it is to have coverage for your inflatable business. Do you think that accidents are very rare in bounce houses? Think again, according to the Pediatrics Journal an average of 31 children per day are hospitalized because of injuries that were caused by a jumper. That adds up to around 11,000 kids per year; this estimate is not including the number of adults that are injured due to rough housing on devices. If someone is injured on one of your inflatables, the medical bills and defense costs if you are sued can add up quite quickly. Still think you don’t need insurance?

Let’s say you do have inflatable insurance…you may not have all the coverage that you need in order to properly covered in case of an incident. In order to be properly covered there are several types of insurance that an inflatable business owner needs. These coverage’s apply to most businesses whether they are inflatable or not. Here are some of the most important coverages:

1) General Liability insurance: This coverage will provide defense coverage in case you are sued for your negligence or your employee’s negligence.

2) Inland Marine: Protects your property in case of fire, theft or vandalism.

3) Worker’s Compensation is a requirement in most states if you have employees & will cover things such as medical bills, loss of income & bodily injury for employees.

4) Commercial Auto: If you use your vehicle for business purposes it will not be covered under your personal auto insurance policy, trailers need to be added on separately to have coverage as well.

5) Abuse & Molestation: Abuse & Molestation could be a very serious charge for your business and cost a lot of money in defense costs. This type of insurance can help your protect your business and good name if the unthinkable happens.

If you are interested in learning more about how to keep your inflatable business safe the CIA has a series of videos that outline ways to protect your business and also explain the different kinds of insurance in detail. You can watch the videos at http://www.weinsureinflatables.com/inflatable-resources.html

If you are ready to buy insurance you can visit http://www.cossioinsurance.com or call 864-688-0121.

Upcoming auctions

We have a huge week of auctions upcoming.  There is a complete auto shop liquidation, party rental auction, office equipment/furniture, 1 year new restaurant equipment auction, restaurant equipment distributor liquidation, and Persian handmade rug auctions closing.  You can find all of the details at Capitol Online Auctions
Happy Bidding!

New Auctions

We just posted 2 additional auctions.  There is an auction with 1 year new restaurant equipment in Gaithersburg, Maryland.  There are 7 immaculate pieces of equipment that were hardly used.
We also just posted another restaurant equipment auction with the assets from a restaurant equipment distributor in Baltimore, Maryland that is downsizing.
More items were added to the party rental auction.
We started an auction with 2 pedicure chairs from a spa that just remodeled.
We have 10 auctions closing in the next 2 weeks.
For the details, go to Capitol Online Auctions
Happy Bidding!