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As a fishing guide, you are responsible for the well-being and safety of all your clients. Nevertheless, accidents are inevitable and may happen at one point.
It’s possible for you to commit a mistake while driving a boat thereby causing injuries or property damage. You can be subjected to costly lawsuits and claims. Therefore,to safeguard your business, ensure you have fishing guide insurance.
Accidents can happen anytime. For instance, when taking a customer on a fishing trip, they can slip and fall and sustain injuries. General liability insurance for fishing guides is essential. This policy will cover:
General liability insurance for fishing guides has a $500,000-$1,000,000 per occurrence limit and a $1 million-$2 million aggregate limit.
CoverWallet | NEXT (Best) | Thimble | Hiscox | The Hartford | |
Per occurrence limit | $1,000,000 | $1,000,000 | $1,000,000/$2,000,000 | $2,000,000 | $1,000,000/$2,000,000 |
Aggregate limit | $2,000,000 | $2,000,000 | $1,000,000/$2,000,000 | $2,000,000 | $1,000,000/$2,000,000 |
Products and completed operations aggregate limit | $2,000,000 | $1,000,000 | $2,000,000 | $1,000,000 | $1,000,000 |
Advertising injury coverage aggregate limit | $1,000,000 | $1,000,000 | $2,000,000 | $1,000,000 | $1,000,000 |
Equipment breakdown floater included? | No | Yes | Yes | Can be included | Can be included |
Can you get a certificate of insurance online? | Yes | Yes | Yes | Yes | Yes |
Name additional insureds? | Yes | Yes | Yes | Yes | Yes |
Deductible | $0 | $0 | $0 | $0 | $0 |
Professional liability insurance covers any claims for negligence, errors, or omissions. This insurance will protect you if a customer claims your advice or service caused them harm. Some of the scenario it can help include:
The coverage limit can range from $500,000-$1,000,000 per occurrence. For the aggregate coverage, most insurers offer up to $2,000,000. The limit will depend on the size of your business and specific risk exposure.
CoverWallet | NEXT | Thimble (Best) | Hiscox | The Hartford | |
Per occurrence limit | $1,000,000 | $1,000,000 | $1,000,000/$2,000,000 | $1,000,000 | $1,000,000 |
Aggregate limit | $2,000,000 | $2,000,000 | $1,000,000/$2,000,000 | $1,000,000 | $2,000,000 |
Name additional insureds? | Yes | Yes | Yes | Yes | Yes |
Waiver of subrogation included? | Yes | No | Yes | Can be included | No |
HIPAA coverage included? | No | No | No | No | No |
Sexual misconduct coverage included? | No | No | No | No | Can be included |
License defense coverage included? | No | No | No | No | Can be included |
Deductible | $500 | $500 | $500 | $50/$10,000 | $500 |
Public liability insurance for fishing guides protects your business against claims of property damage or bodily injury from third parties. The policy will cover the following circumstances:
Every insurance company offers a specific coverage limit. Most insurers offer a coverage limit of $1,000,000-$10,000,000.
Business Owner’s Policy (BOP) for fishing guides combines commercial property and general liability insurance. This insurance will cover the following:
The BOP combines general liability and commercial property insurance. Thus it will also include two coverage limits.
For commercial property insurance, the coverage limit can be $250,000-$1,000,000. The limits for general liability coverage, on the other hand, is $1 million-$2 million per occurrence and $2 million aggregate.
CoverWallet | Thimble (Best) | NEXT | Hiscox | The Hartford | |
General liability aggregate limit | $2,000,000 | $2,000,000 | $2,000,000 | $300,000 | $1,000,000/$2,000,000 |
Commercial property coverage limit | $50,000 | $500,000 | $260,000 | $25,000 | $35,000 |
Optional policies can be added? | Yes | Yes | Yes | Yes | Yes |
Name additional insureds for free? | Yes | Yes | Yes | Yes | Yes |
BOP discount? | Yes | Yes | Yes | Yes | Yes |
Tools and equipment insurance covers your movable items, such as fishing gear. It covers perils such as theft, vandalism, or damage. This type of hunting and fishing guide insurance can help protect your business assets and ensure that you can continue to operate even if your tools are damaged or lost.
NEXT | Thimble | Hiscox | The Hartford | |
Aggregate limit | $3,000/$10,000 | $2,500/$5,000 | $15,000/$25,000 | $5,000-$10,000 |
Covers hired and borrowed equipment? | $3,000/$10,000 | $2,500/$5,000 | No | Yes |
Miscellaneous equipment also covered? | $5,000/$10,000 | No | Yes | Yes |
Offered as an endorsement to general liability insurance? | Yes | Yes | Yes | Yes |
Deductible | $500 | $500 | $0 | $0 |
Fishing Guide Boat Insurance is ideal for fishing guides who use boats. If the boat is damaged or passengers are injured, this will cover all damages and medical costs. It provides coverage for:
The liability coverage of fishing guide boat insurance has a $1 million-$2 million per occurrence and aggregate limit. Hull coverage, on the other hand, provides a payout equal to the actual cash value of your boat when it got damaged.
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Accidents can happen during fishing adventures, and your employees get injured or ill. As an employer, you need to settle your employees’ medical bills if they are sick while working. Workers compensation insurance for fishing guides will cover the following:
Coverage limits can range from around $100,000 to over $1 million for medical benefits, disability benefits, and death benefits.
The average fishing guide insurance cost is $82 per month or $984 per year for a $1 million general liability policy.
Factors that affect the cost of premiums are;
Cost per Month | Cost per Year | Deductible | |
General liability insurance | $82 | $984 | $0-$500 |
Professional liability insurance | $90 | $1,080 | $500-$1,000 |
Commercial property insurance | $85 | $1,020 | $1,000-$2,000 |
Business owner’s policy | $167 | $2,004 | $500-$1,000 |
Tools and equipment insurance | $83 | $996 | $500-$1,000 |
Workers compensation insurance | $120 | $1,440 | $2,500-$5,000 |
Travel insurance | $90 | $1,080 | $1,000-$2,000 |
Commercial auto insurance | $110 | $1,320 | $500-$1,000 |
Boat insurance | $130 | $1,560 | $500-$1,000 |
Best Fishing Guide Insurance Companies
NEXT is another insurance provider that sells various insurance products virtually. You can choose to select either individual or package policies.
They also avail their certificates on the digital platform. This is the best company for fishing businesses that need fast coverage.
Average cost: $60 per month
CoverWallet is an insurance provider that operates online. They have created a straightforward website where small business owners can easily buy insurance policies.
This company has invested in technology that enables it to price policies correctly and ensures they are affordable compared to its competitors.
Average cost: $75 per month
Our rating: 10/10
The Hartford is a reputable insurance company that offers multiple coverage options. The company is known for offering auto insurance coverage options for drivers. But it also provides customized coverage options for fishing businesses.
Average cost: $100 per month
Tivly® matches business owners with an insurance policy that meets their needs. Whether you are looking for professional liability insurance, workers’ compensation insurance, or general liability insurance, they can help you.
Average cost: $90 per month
Thimble offers several coverage options and claims for businesses. They mainly target fast-moving businesses.
Their insurance policies range from general liability coverage to business equipment insurance and professional liability. They have a scalable model giving you flexibility.
Average cost: $79 per month
Hiscox has been a renowned insurance provider in the market for many years. This company has more than 500,000 small business clients.
It offers a wide range of insurance products, including fishing guide insurance. You can easily purchase an insurance policy from the company’s website.
Average cost: $80 per month
GEICO is known for having friendly initiatives and being an innovative company. It offers several insurance products, such as auto, business, and home insurance.
GEICO fishing guide insurance comes with competitive prices. You can get general liability coverage, equipment insurance, and professional liability.
Average cost: $80 per month
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