Other Residents' association and insuring a playground

[GingerCat]

Our residents' association were thinking of building a playground but apparently insurance seems to be a problem. I'm not on the committee but curious as I'd love to see the playground built, and the money is there.

Can anyone explain to me how playground insurance should work?

 

[hastalavista]

Apart from the insurance issue, there are two other considerations
who owns the land on which it will be built?.

If it a public park the ownership will vest in the Local Auth

What happens if the RA folds up due to lack of funds?

You would need a more robust legal entity than an ad-hoc RA to run with this.

Did u talk to the Local Auth?

The insurance would work on the basis of max pay-outs for claims which raises the issue what happens if the claim exceeds the policy payment amt, hence the need for a robust entity.

In the extreme case if the directors of the robust legal entity were found to be negligent then the claim could pass through to them personally