What You Should Know About Wilderness Lodge Insurance
You provide a priceless service for your guests – a place to escape, reinvigorate, and reconnect with nature, family, friends and co-workers. Protect your resort with a wilderness lodge insurance package that is tailored to your resort’s activities and shelters you from the risks associated with them.
What Does Wilderness Lodge Insurance Cover?
The following are the most common coverages that wilderness lodges need to protect themselves from legal liability and other business risks.
Commercial General Liability Insurance
This is standard policy for all businesses and is the coverage that helps the owners sleep better at night. If the number of guests is injured, or claims they were injured, as results of your lodge’s negligence, CGL policy can provide you with coverage for lawyer’s fees, defence cost, out-of-court settlements and awards for damages if that guests decides to pursue legal claim. CGL policy can also cover you for lawsuits alleging property damage, libel/slander and false advertising.
If your wilderness lodges serves or provides alcohol, you will need extension policies such as liquor liability added to your CGL coverage as you can be held liable for the actions of intoxicated guests who cause injury or property damage.
Property Insurance
Because of their isolated locations in natural environments, wilderness lodges and resorts are vulnerable to a number of extreme weather events and natural disasters such as forest fires, flash floods, lightning strikes and more. This is vital for protecting your structures and contents. Without it, your investment could be lost overnight.
Business Interruption
This type of content can protect your resort’s income by reimbursing you for lost revenues in the unfortunate event that an insured peril causes you to close down your wilderness lodges for repairs.
Boiler & Machinery / Equipment Breakdown Insurance
If, for example, an electrical storm damages an HVAC unit or an electrical generator which in turn causes financial losses, boiler and machinery insurance can cover the cost or losses.
Hull & Machinery + Protection & Indemnity Insurance
If your lodge owns boats or watercraft of any type, hull and machinery policy can protect your investment in case of damage and protection & indemnity coverage can protect you from legal liability if one of your boats is involved in a collision claim or a named peril in the water and/or if a passenger is injured.
Your Lodge May be in the Wilderness but your Insurance Policy Shouldn’t be
At ALIGNED, commercial insurance is all we do. We know how to help you manage the risks you face running a wilderness lodge. We can help save you time, money and the hassle of searching for the right protection for your wilderness lodges at the best rates. When you choose ALIGNED, you get an advocate working with Canada’s top insurance companies to get you comprehensive wilderness lodge insurance that covers your liability risks and fits your budget. Contact an ALIGNED advocate to get a free quote in minutes or get started right away by using our free online tool.