When you own or operate a campground or RV park, your occupation involves providing people rest and recreation. However, that focus on fun doesn't free you from the responsibilities of running a business. One of the most important responsibilities you face is protecting your guests and park with appropriate commercial insurance. Below are a few reasons why you need a good policy and how to protect your campground business.
Why Does Your Campground Need Liability & Commercial Insurance?
If a guest is injured or gets their property stolen or damaged while staying at the park, you could be responsible for the cost of medical treatment or replacement of their property. Without an appropriate commercial insurance policy, you could face damages that put the financial future of your business in jeopardy. Medical treatment for an individual can easily reach six figures. Without liability insurance, you could face the additional cost of defending your business in court. Legal fees and judgment costs could quickly make it impossible for the business to continue.
What Kinds of Coverage Should You Consider?
To protect yourself and the campground business, discuss your situation with a reputable insurance agency. Some types of coverage to consider include liability insurance, watercraft insurance for any boats you rent, as well as commercial building insurance for any structures in the park. If you have employees, you'll need workers’ compensation insurance in case they're injured on the job. Finally, you need commercial property coverage to protect the equipment you use to operate or maintain the business, such as landscaping equipment and computers.
To discuss the types of commercial insurance you need to protect your campground or RV park, contact the agents at Coverra Insurance Services. This insurance agency has locations in Sparta, Holmen, and Tomah, WI. Visit their website to request a free quote or call (608) 269-2127 to discuss your needs with a friendly agent.