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Bouncy-Castle's suppliers are working with a broker based in Ireland in the hope of finding a new insurance provider for the sector.
Last week, they were moved by confirmation that Leisure Insure, a UK insurer, will no longer provide insurance in Ireland. This announcement has left hundreds of bouncy-castles and inflatable boat rental companies in limbo, with Leisure Insure being the market's leading provider.
The UK company will honor the existing premiums, but will not accept any new Irish activity.
Gerry Frawley of the Irish Federation of Inflatable Boat Hire (IIHF) said he is in discussion with an insurance broker in the hope of finding a new supplier.
Mr Frawley said that it was a "major problem" that could result in "serious job losses".
nationally. There are more than 170 IIHF members, many of whom would employ a number of people, he said.
He added that Ireland-based inflatable castle operators are complying with strict health and safety regulations, as required, and that "great progress" has been made in the sector over the last decade.
"It threatens to reverse all this progress – it's a disaster," said Frawley.
He said politicians have failed the sector.
"They could have taken steps for years. we reported this years ago, "he said.
"They had ample opportunity to express themselves, but they did not do it."
The news came at the peak of the year for most bouncy castle rental companies.
Kieran Quilter of KC Castles Cork, of Ballinhbadig, said many companies had been left in the dark.
"We were told at Brexit, we were told that the cost of claims in Ireland was too high," Quilter said.
"They did not receive any additional information. In fact, we did not even receive a call to inform us that they would not renew or consider any new bonuses. You would think that if you paid thousands of euros for a service a year, they could at least give you a courtesy call. "
Mr. Quilter stated that many bunker operators were informed of the Leisure Assure policy change when another supplier posted a message about it in a Facebook group.
He added that the KC Castles bonus had actually been reduced after the first year without a claim. However, he stated that the amount had literally "doubled" when it was renewed before the third year of activity.
"We have never had a claim against us," he said.
"People across the sector report similar and worse things. And it's not just bouncy castles, it's paintball, it's karting, it's everywhere. "
KC Castles has renewed its premium in recent weeks, so the company is insured up to "mid-2020," said Quilter. Others in the area are however not so lucky and have to deal with the difficulty of obtaining insurance from another provider.
Quilter said his message and that of other providers was clear.
"We are open to business: we are insured, we are safe and it is our busiest time of the year," he said.
"We want that to be solved – and we are convinced that this is possible – but it must be done quickly. The longer it lasts, the more people will think they have no insurance or are not safe, and that is not the case. "
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