How to Choose the Best Insurance Coverage to Protect Your Outdoor Business

If your business operates in the great outdoors, there are unique risks to be aware of. You’ll need different insurance solutions compared to standard indoor businesses, given the environment in which you operate.

Outdoor businesses such as ATV tours, gun ranges, and campgrounds involve potentially dangerous situations. As such, it’s essential to find the insurance coverage that protects your specific type of outdoor business.

In fact, the most essential thing you can do is find an insurance provider that specializes in your niche. For example, if you have a long-range shooting business, look for a provider that has experience working with businesses like yours.

When you’re looking for an insurance policy, there are six types of insurance outdoor businesses should have:

General Liability Insurance

General liability insurance protects you from lawsuits that arise from business-related activities. If you are responsible for bodily injury to a third party or property damage, general liability insurance will cover you.

Furthermore, general liability insurance can help cover medical expenses and attorney fees. However, general liability insurance doesn’t cover employee injuries, professional mistakes, or auto accidents.

Property Insurance

Property insurance can help cover the cost to replace personal property, tools and equipment, inventory, outdoor landscaping, and so forth. Furthermore, property insurance can protect your business from a variety of claims. These include:

• Fire damage to property
• Property or equipment theft
• Lost income if your outdoor business can’t operate because of covered property damage

As you can see, this coverage can be quite helpful.

Commercial Auto

Commercial auto insurance protects your cars, trucks, and other approved vehicles against physical damage as well as liability for bodily injuries caused by accidents.

Furthermore, commercial auto insurance is a unique coverage that bundles together property coverage, liability, and other coverages such as protection from uninsured or underinsured motorists.

Workers’ Compensation

Workers’ compensation insurance covers medical expenses for employees harmed during the course of their workday activities. It also covers wage replacement when accidents occur. If you have employees, you will need worker’s compensation insurance for your outdoor business.

Life Insurance

Life insurance is another essential coverage for outdoor businesses because it can keep the business running upon the death of crucial individuals involved in running your business.

Excess Liability

Excess liability coverage is a way to increase your liability limit over $1,000,000. National parks and other land management agencies may require high liability limits, depending on where you operate. Providing excess liability insurance is how you can increase your limits.

Choosing the Best Outdoor Business Insurance Coverage

As you’re looking for an insurance policy, it’s essential to find coverages that provide all-inclusive protection for your unique business. Some outdoor and recreation businesses may require different coverages than others. We recommend conducting research and speaking with a professional outdoor insurance provider.

Photo by Mikhail Nilov from Pexels