What You Should Know About Wilderness Lodge Insurance
You provide a priceless service for your guests – a place to escape in the great outdoors, reinvigorate, and reconnect with nature, family, friends and co-workers. Whether you operate a hunting and fishing lodge, a rustic wilderness retreat, or a secluded eco-lodge, you need to protect your resort. Wilderness lodge insurance tailored to your resort’s activities will shelter 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 due to your lodge’s negligence, CGL policy can provide coverage for lawyer’s fees, defence costs, out-of-court settlements, and awards for damages if that guest decides to pursue a legal claim. CGL policy can also cover you for lawsuits alleging property damage, libel/slander, and false advertising.
Additionally, if your wilderness lodge serves or provides alcohol, you will need extension policies, such as liquor liability, added to your CGL coverage. Otherwise, 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. Property insurance is vital for protecting your structures and contents. Without it, your investment could be lost overnight.
Business Interruption
This type of coverage 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, a hull and machinery policy can protect your investment in case of damage. Protection and 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 experienced team working with Canada’s top insurance companies to get you comprehensive wilderness lodge insurance with specialized coverages that fit within your budget. Contact an ALIGNED advocate to learn more about your coverage options. They can also get you a free insurance quote in minutes, or you can get started right away by using our free online tool.
