What kind(s) of insurance does an amusement park need and why?

Question

Please be as detailed as you can.

Answer 1

An amusement park would need several types of insurance.

Property insurance to cover business property in the event of fire, lightning, wind and other perils.

Business Interruption / Extra Expense insurance in order to continue income in the event that the park property is damaged or destroyed.

General Liability insurance to cover legal liability for bodily injury to customers. (In this business it would not be a question of if you were sued it would be when you are sued)

Products liability to cover legal liability for products sold by the amusement park such as food or souvenirs.

Workers compensation to protect employees. Most States mandate this coverage.

Group benefits programs.

Auto Liability and Physical damage if the amusement park owns licensed vehicles.

You could go on and on with more coverages such as equipment floaters, bonding, key man life insurance, short and long term disability.......

Answer 2

A good, solid risk analysis is going to depend  on factors that you haven't mentioned.  Please edit the question, including details such as employees, gross sales, gross payroll, description of revenue objects including all the rides (describe rides), number of attendants, any additional sales opportunities including but not limited to souveneers, food, or games, describing the games.    

It takes time to do a good risk analysis.  You're asking for the analysis, AND an explanation of what the insurance does and how it works.  It's NOT going to be something that someone can type in 1000 characters or less.  

Good luck finding someone willing to put in the 2-3 hours to answer you properly.