Running a golf course is a rewarding business, but it comes with unique risks. Golf Course Insurance is a specialized type of business insurance designed to protect golf course owners from financial losses caused by lawsuits, property damage, accidents, or natural disasters. Like most business insurance, it combines multiple coverage types to meet the specific needs of your course.
Types of Coverage in Golf Course Insurance
A well-rounded golf course insurance policy typically includes the following:
- General Liability: Covers legal expenses if someone is injured or property is damaged on your course.
- Liquor Liability: Essential if you serve alcohol; it protects you against claims related to alcohol-related incidents, such as drunk driving cases.
- Directors and Officers (D&O) Insurance: Protects board members or key officials if they face legal action over decisions made on behalf of your course.
- Commercial Property Insurance: Covers damage to buildings, clubhouses, furniture, and other business property due to fire, storms, or other covered events.
- Flood Insurance: Provides coverage for flood damage not included in standard property policies.
- Commercial Auto Insurance: Protects service trucks, golf carts, and courtesy cars in case of accidents.
- Inland Marine Insurance: Covers mobile machinery such as lawn tractors and may also include unique course features, like trees or landscaping.
- Workers’ Compensation: Pays for employees’ medical expenses and lost wages if they’re injured while working.
As your business grows, your coverage needs may change. Large courses that host weddings, tournaments, or fundraisers often require additional liability and property protection. An independent insurance agent can help customize your policy to match your course’s evolving needs.