Running a golf course brings some unique risks and insurance may help mitigate potential losses. By understanding the exposures and having an insurance policy in place, you’ll be more prepared for the unexpected.
As a golf course owner, there are a wide variety of risks that you should be aware of. It’s also important to know the coverage options that may be more in line with your type of property and business. Here are some important coverage options to consider in your policy:
Golf may be fun and relaxing, but operating a golf course does have its risks. For example, mis-hit golf balls can easily damage property, such as vehicles or equipment, or even injure players or spectators. You also need to consider the equipment and systems that keep the course running such as sprinkler systems, the risks of pests and diseases that could damage your course, and even the potential damage and disruption if extreme weather knocks down trees. You need to consider not just the cost of repairing the damage, but also the lost income if the course is temporarily unplayable. That’s where having a golf course insurance policy in place with coverage that protects against these risks may help keep your business running.
If you serve alcohol at your golf course, you’ll need liquor liability insurance. This may cover you against claims for damage caused by people who became intoxicated on your premises. This coverage may also include physical conflict, drunk driving, and property damage.
In addition to a golf course insurance policy designed for your needs, you also need standard business coverages for your day-to-day operations. These coverages include protecting you against risks to your buildings and equipment, claims relating to your staff’s health and employment issues, and any liability you have for injury and damage suffered by visitors.
Don’t take unnecessary risks by not having coverage. Contact us today to go over the insurance needs of your golf course and your coverage options.