Running a holiday lodge business comes with risks. Like a bed and breakfast business, a holiday lodge business may face customer bodily injury lawsuits. Property damage due to natural and manmade disasters is also apparent. The right insurance coverage is crucial to protect your investment and ensure peace of mind. This article will explore the various insurance policies available for holiday lodges, their coverage limits, specific situations where they can provide protection, optional add-ons, and the estimated costs. We will also review some of the best insurance companies catering to holiday lodge businesses.
| CoverWallet | NEXT (Best) | Thimble | Hiscox | The Hartford | |
|---|---|---|---|---|---|
| Per occurrence limit | $1,000,000 | $1,000,000 | $1,000,000/$2,000,000 | $300,000/$1,000,000 | $1,000,000/$2,000,000 |
| Aggregate limit | $2,000,000 | $1,000,000/$2,000,000 | $1,000,000/$2,000,000 | $300,000/$2,000,000 | $1,000,000/$2,000,000 |
| Products and completed operations aggregate limit | $2,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 |
| Advertising injury coverage aggregate limit | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 |
| Tenant’s legal liability coverage limit | $100,000 | $100,000 | $5,000 | $100,000 | $1,000,000 |
| Waiver of subrogation included? | Yes | No | Included | Can be included | No |
| Hired/non-owned auto liability coverage included? | Yes | No | Excluded | Can be included | Can be included |
| Equipment breakdown floater included? | No | Yes | Yes | Can be included | Can be included |
General liability insurance is a crucial policy that protects holiday lodge businesses against potential liabilities and lawsuits. It covers a range of incidents and accidents that may occur within the lodge premises or as a result of lodge operations. Understanding the coverage limits, specific situations where this insurance can help, and available add-ons is essential for ensuring comprehensive coverage for your holiday lodge business.
The coverage limits for general liability insurance typically range from $1 million to $5 million. These limits represent the maximum amount the insurance policy will pay for covered claims.
Here are some situations where general liability insurance can help:
General liability insurance provides coverage if a guest slips, trips, or falls within your lodge premises, leading to injuries. It covers medical expenses, legal fees, and any potential damages awarded to the injured party.
If a guest accidentally damages lodge property, such as furniture, fixtures, or amenities, general liability insurance can cover the repair or replacement costs.
This insurance offers protection against personal injury claims, such as defamation or invasion of privacy, arising from lodge operations. It covers legal fees and potential damages.
Common add-ons to general liability insurance are:
Liquor liability insurance: If your holiday lodge serves alcohol, it is essential to consider adding liquor liability coverage. This coverage protects you against claims arising from alcohol-related incidents, such as injuries or property damage caused by an intoxicated guest
Umbrella liability insurance: An umbrella policy provides additional liability coverage beyond the limits of your general liability insurance. It offers an extra layer of protection, especially for businesses with higher risks or larger operations
Yes, general liability insurance can cover injuries sustained by guests participating in recreational activities offered by your lodge. However, reviewing the policy terms and discussing specific activities with your insurance provider is crucial to ensure they are covered.
| CoverWallet | NEXT (Best) | Thimble | Hiscox | The Hartford | |
|---|---|---|---|---|---|
| Per occurrence limit | $1,000,000 | $1,000,000 | $1,000,000 | $300,000/$1,000,000 | $1,000,000 |
| Aggregate limit | $2,000,000 | $2,000,000 | $2,000,000 | $1,000,000 | $2,000,000 |
| Offered as an add-on to general liability insurance | Yes | Yes | Yes | Yes | Yes |
Product liability insurance is a specialized policy designed to protect holiday lodge businesses from claims arising from defective products they provide to guests. This insurance coverage is crucial for businesses offering guests food, beverages, recreational equipment, or other products. Understanding the definition, coverage limits, specific situations where this insurance can help, and available add-ons is vital for the comprehensive protection of your holiday lodge business.
Typically, coverage limits range from $1 million to $10 million. It is crucial to evaluate the nature of your products, potential risks, and the size of your business to determine an appropriate coverage limit.
Product liability insurance can cover the following situations:
if a visitor gets a foodborne illness after eating food served at your vacation resort
If a visitor is hurt while using your resort's recreation gear, such as bicycles, boats, or sporting goods
If a guest experiences an allergic reaction due to an undisclosed ingredient or mislabeling of a product provided by your holiday lodge, product liability insurance can cover medical expenses, legal fees, and potential damages
Product liability insurance is purchased as an add-on to general liability insurance. Therefore, the policy isn’t sold with further endorsements.
Product liability insurance covers injuries caused by product defects rather than guest misuse. However, it is essential to review the terms of your policy, as some insurers may offer limited coverage for injuries resulting from guest misuse, depending on the circumstances.
| CoverWallet | NEXT (Best) | Thimble | The Hartford | Hiscox | |
|---|---|---|---|---|---|
| Building coverage limit (minimum) | $50,000 | $340,000 | $25,000/$500,000 | $35,000 | $25,000 |
| Contents coverage limit (minimum) | $50,000 | $35,000 | $25,000/$500,000 | $35,000 | $15,000 |
| Outdoor signs | Excluded | $2,500 | Excluded | Excluded | Included |
| Accounts receivable | Excluded | Excluded | $5,000/$10,000 | Excluded | Included |
| Money and securities | Excluded | $2,500 | $1,000 | Excluded | Included |
| Lock and keys | Excluded | $2,500 | Excluded | Excluded | Included |
| Business interruption floater | Excluded | Included | Included | Excluded | Included |
| Equipment breakdown floater | Excluded | Included | Excluded | Excluded | Included |
| Inland marine insurance floater | Excluded | Excluded | $10,000 | Excluded | Excluded |
| Employee dishonesty floater | Excluded | $5,000 | $2,500 | Excluded | Excluded |
Commercial property insurance is a vital policy for protecting the physical assets of your holiday lodge business. This insurance covers damages or losses to your lodge property, including buildings, furnishings, equipment, and inventory. Understanding the definition, coverage limits, specific situations where this insurance can help, and available add-ons are crucial for effectively safeguarding your holiday lodge business.
The coverage limits can range from $100,000 to several million dollars. It is essential to accurately evaluate your property's value and contents to determine an appropriate coverage limit.
Here are some situations where commercial property insurance can help:
Damage to the lodge building and loss of furnishings, equipment, and inventory. It covers the costs of repairs, replacements, and rebuilding
If your holiday lodge experiences theft or vandalism, resulting in stolen or damaged property, commercial property insurance can help cover the losses.
Natural disasters like storms, hurricanes, earthquakes, and floods
Common add-ons to commercial property insurance are:
Business interruption insurance: Business interruption coverage is a vital add-on that compensates for lost income and extra expenses when your lodge business is temporarily unable to operate due to a covered loss
Equipment breakdown coverage: Adding equipment breakdown coverage to your policy protects against the costs of repairing or replacing damaged equipment essential to your holiday lodge operations
Commercial property insurance normally pays the replacement cost of broken or destroyed equipment up to the policy's coverage limits. To ensure total security for high-value products, you may need to consider extra coverage choices, including equipment floater insurance, if you have specialized equipment that exceeds the policy limits.
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| CoverWallet | NEXT (Best) | Thimble | The Hartford | Hiscox | |
|---|---|---|---|---|---|
| General liability aggregate limit | $2,000,000 | $1,000,000/$2,000,000 | $1,000,000/$2,000,000 | $1,000,000/$2,000,000 | $300,000/$2,000,000 |
| Commercial property coverage limit | $50,000 | $320,000 | $25,000/$500,000 | $35,000 | $75,000 |
| 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 |
The business owner policy encompasses property, liability, and other types of caravan and lodge insurance, protecting the company's physical assets and unique hospitality offerings.To determine whether your BOP includes coverage for caravans and lodges, you should review the policy documentation or consult your insurance provider.
The limits for general liability insurance typically range from $1 million to $5 million, while commercial property insurance limits can range from $100,000 to several million dollars. It is crucial to assess the value of your assets, potential liability risks, and the size of your business to determine appropriate coverage limits.
Here are some situations where a business owner’s policy is useful:
If a guest suffers bodily injury on your lodge premises, such as a slip and fall accident or injury caused by a defective product, general liability insurance within the BOP can help cover medical expenses, legal fees, and potential damages.
In the event of property damage to guest belongings or other third-party property, general liability insurance can cover repair or replacement costs.
Here are some add-ons to a business owner’s policy:
Business interruption insurance: Business interruption coverage helps protect your holiday lodge business against income loss during suspended operations due to covered perils. It covers ongoing expenses, payroll, and loss of income until you can resume normal operations.
Cyber liability insurance: Cyber liability insurance is a valuable add-on that handles sensitive guest information, such as personal details or credit card data. It covers expenses related to data breaches, cyberattacks, and associated legal liabilities.
A Business Owner's Policy's general liability insurance will cover liability claims resulting from foodborne illnesses from the lodge's restaurant. The BOP can assist with covering medical costs, legal costs, and potential damages if a visitor contracts food poisoning or other ailments after eating food from your lodge's restaurant.
| 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 |
Tools and equipment insurance is a specialized insurance policy designed to protect your holiday lodge business's tools, machinery, and equipment. This policy covers damages, theft, or loss of these essential items.
The range of coverage limits can vary from a few thousand dollars to several hundred thousand dollars. It is essential to accurately assess the value of your tools and equipment to determine an appropriate coverage limit.
Here are some situations where tools and equipment insurance becomes useful:
Theft of tools: Tools and equipment insurance covers if your tools are stolen from your holiday lodge premises or while in transit. It helps reimburse you for replacing the stolen tools, enabling you to continue your business operations
Accidental damage: If your tools or equipment are accidentally damaged, such as dropping a valuable piece of machinery or causing dents or scratches to equipment, this insurance can help cover the repair or replacement costs, minimizing financial losses
Electrical surge: Tools and equipment insurance may cover equipment that got damaged due to a lightning strike or electrical line failure
Common add-ons to tools and equipment insurance are:
Inland marine coverage: Inland marine coverage is a crucial add-on for tools and equipment insurance. It extends coverage to protect your tools and equipment while in transit or temporarily located off-site, such as at a job site or during transportation.
Rented or leased equipment coverage: If you regularly rent or lease additional tools or equipment for your holiday lodge business, adding this coverage can protect those rented or leased items in case of damage, theft, or loss.
Tools and equipment insurance typically does not cover damage caused by normal wear and tear. This insurance protects against specific perils, such as theft, accidents, or damage caused by covered incidents. Regular maintenance and upkeep are essential to minimize wear and tear on your tools and equipment.
| NEXT | The Hartford | CoverWallet | Hiscox | Thimble | |
|---|---|---|---|---|---|
| Auto liability aggregate limit (minimum) | $25,000/$15,000/$25,000 | $100,000/$300,000 CSL | $15,000/$20,000/$25,000 | $25,000/15,000/$25,000 | $20,000/$25,000/$15,000 |
| Rental reimbursement coverage aggregate limit | $1,500 | $900 | Excluded | $500 | $1,000 |
| Trailers can be added to commercial auto insurance? | Yes | Yes | No | Yes | Yes |
| Roadside assistance coverage included | Yes | No | No | Yes | Yes |
| Safe driving discounts included? | Yes | Yes | Yes | Yes | Yes |
Commercial auto insurance is a specialized insurance policy designed to protect vehicles used for your holiday lodge business. This policy covers damages, liability, and other incidents related to your business vehicles. Understanding the definition, coverage limits, specific situations where this insurance can help, and available add-ons is crucial for safeguarding your commercial vehicles and managing potential risks.
The range of coverage limits typically starts from the state-mandated minimum limits and can go up to several million dollars for comprehensive coverage. It is important to assess the value of your vehicles, potential liability risks, and business requirements to determine appropriate coverage limits.
Here are some situations where commercial auto insurance can help:
Accidents and collisions: Covers damages to your vehicles resulting from accidents or collisions. It helps cover the repair or replacement costs, ensuring that your business vehicles can get back on the road quickly.
Third-party liability: If your business vehicles cause bodily injury or property damage to a third party, commercial auto insurance can help cover the associated medical expenses, property repair costs, and legal fees resulting from liability claims.
These are the add-ons usually available in the commercial auto policies that different companies underwrite:
Uninsured/underinsured motorist coverage: Protects you if your business vehicles are involved in an accident with an uninsured or underinsured driver. It helps cover medical expenses and damages the at-fault party cannot afford.
Rental reimbursement coverage: Compensates for renting a substitute vehicle while your business vehicles are being repaired or replaced due to a covered accident or loss.
Commercial auto insurance typically does not cover employees using their vehicles for work reasons. Vehicles owned or utilized by the business are expressly covered. In such circumstances, it is vital to make sure that staff have adequate personal auto insurance coverage for their automobiles.
Workers' compensation insurance is an essential policy that covers illnesses and injuries that employees of holiday resort firms sustain at work. In the event of industrial accidents or occupational illnesses, this insurance guarantees that employees will receive appropriate medical attention and financial help.
The coverage limits for workers' compensation insurance vary depending on the jurisdiction and the nature of the holiday lodge business. Coverage typically includes medical expenses, disability benefits, and a portion of lost wages. The coverage limits are set by state or local laws, and the range can vary from thousands to millions of dollars per claim.
Some situations where workers compensation insurance is helpful are as follows:
Slip and fall accidents: If an employee slips and falls while performing work-related duties at the holiday lodge, workers' compensation insurance can cover their medical expenses, such as doctor visits, hospitalization, and rehabilitation, as well as provide wage replacement if they are unable to work during recovery.
Repetitive strain injuries: Employees who develop repetitive strain injuries, such as carpal tunnel syndrome from repetitive motions or back problems from lifting heavy objects, can receive workers' compensation insurance benefits.
Workers compensation insurance may be designed to offer these add-ons:
Employer's liability coverage: This is essential to workers' compensation insurance. It provides additional protection to employers if an employee sues the business for negligence or unsafe working conditions, which may not be covered under standard workers' compensation policies.
Occupational disease coverage: Extends the benefits of workers' compensation insurance to cover illnesses or diseases caused or exacerbated by work conditions, such as respiratory illnesses or skin disorders resulting from exposure to harmful substances.
In general, workers' compensation insurance covers the majority of vacation lodge personnel. However, according to regional laws and regulations, coverage requirements may change. Different coverage regulations may apply to independent contractors and specific types of employees, like seasonal or temporary workers.
| Cost per Month | Cost per Year | Best for | |
|---|---|---|---|
| General liability insurance | $47 | $564 | $500-$1,000 |
| Product liability insurance | $49 | $588 | $500-$1,000 |
| Commercial property insurance | $90 | $1,080 | $1,500 |
| Business owner’s policy | $113 | $1,356 | $500-$1,000 |
| Tools and equipment insurance | $51 | $612 | $1,000-$2,500 |
| Commercial auto insurance | $55 | $660 | $500-$1,000 |
| Workers compensation insurance | $67 | $804 | $500-$1,000 |
The average holiday lodge insurance cost is $47 per month or $564 per year for a $1 million general liability policy. Several elements, such as the size of your lodge, its location, the coverage options you select, and the insurance company you choose, can affect the price of vacation lodge insurance. Here’s a table that shows how much the best companies charge for a $1 million general liability policy:
| Company | Cost per Month | Cost per Year | Best For |
|---|---|---|---|
| NEXT | $11 | $132 | Best overall; Fastest general liability insurance |
| Hiscox | $30 | $360 | Customized coverage solutions for holiday lodges |
| Thimble | $49 | $588 | On-demand coverage for holiday lodges |
| Coverwallet | $60 | $720 | Comparing holiday lodge insurance quotes online |
| Tivly | $46 | $552 | Comparing holiday lodge insurance quotes over the phone |
| The Hartford | $88 | $1,056 | Workers compensation insurance for holiday lodge businesses |
Consider doing a holiday lodge insurance comparison to get a solid foundation of the actual cost. We recommend you do that here first. Click the “Get Quotes” button on this page to start.
Get all the best quotes from leading providers in a click of a button!
When choosing the best insurance company for your holiday lodge, it's essential to consider factors such as coverage options, customer service, pricing, and reputation. Here are some top insurance companies that specialize in holiday lodge insurance:
Best overall
Issues an online proof of insurance instantly
Fastest general liability insurance for phone stores
Great customer service and reputation
Excellent rates
Outstanding value for money
Get a 10% discount if you buy two or more policies
Couldn’t find any
NEXT is a leading insurance company that offers coverage for holiday lodges and various adventurous activities. They provide comprehensive coverage options tailored to the specific needs of lodge businesses. Technology-driven NEXT Insurance offers coverage to small business insurance. They provide general liability, professional liability, commercial auto, workers' compensation, and more to US businesses.
Best for: Best overall; Fastest general liability insurance
Average cost: $11 per month
Our rating: 10/10
Various forms of coverage are offered
They provide dedicated assistance to businesses, helping them understand their insurance requirements and find the most suitable coverage
Compare quotes online
Terrorism coverage automatically added to general liability insurance
Not an insurance company but an insurance broker
CoverWallet is a digital insurance platform that aims to simplify obtaining and managing business insurance. A reliable insurance marketplace focusing on assisting businesses in finding the best insurance protection is CoverWallet. They collaborate with numerous insurance carriers to provide companies operating vacation lodges with specialized solutions. CoverWallet offers a variety of small business insurance packages. These included general liability, workers' comp, professional indemnity, and a business owner's policy.
Best for: Comparing holiday lodge insurance quotes online
Average cost: $60 per month
Our rating: 10/10
AARP auto insurance coverage features free extras like free new cars
Hartford is a respected insurance provider with a solid financial position, giving policyholders assurance and security
Renowned company for workers compensation insurance
More vehicle insurance complaints than was anticipated
Holiday lodges are among the many types of enterprises that The Hartford, a reputable insurance provider, offers complete coverage. They have a good standing and offer flexible insurance choices. Hartford offers a variety of insurance products, including auto, home, business, and employee benefits coverage. This diversity allows customers to bundle policies and potentially save money.
Best for: Workers compensation insurance for holiday lodge businesses
Average cost: $88 per month
Our rating: 10/10
Tivly focuses on holiday lodge insurance, bringing in-depth knowledge and expertise to ensure comprehensive coverage for lodge businesses
They offer customizable policies that can be adjusted to meet each lodge's specific needs and risks
Compare quotes over the phone
Tivly's services may be limited to specific regions so that availability may vary depending on your location
Tivly's straightforward quote procedure simplifies insurance coverage for resort owners and other establishments. Their relationship with over 200 dependable suppliers enables them to connect resort owners with insurance coverage that suits the needs of your business. Tivly makes it simple for resorts and other similar companies to obtain insurance quotes, compare options, and pick the best supplier. Call now and talk with a representative to compare quotes over the phone.
Best for: Comparing holiday lodge insurance quotes over the phone
Average cost: $46 per month
Our rating: 9/10
Quickly displays a premium estimate
Unlimited insureds may be added
Numerous add-ons to general liability insurance
Allows you to purchase short-term coverage
You can only reach customer service by calling
Thimble is an innovative insurance provider that offers on-demand coverage, allowing holiday lodge owners to get insurance when needed. Thimble provides a wide range of insurance coverage options tailored to the needs of various professionals and businesses. Whether you're a freelancer, contractor, or small business owner, Thimble has you covered. Their coverage spans general liability, professional liability, equipment protection, and more.
Best for: On-demand coverage for holiday lodges
Average cost: $49 per month
Our rating: 9/10
A team of knowledgeable insurance consultants
Policyholders can receive discounts of up to 5% when they combine two or more policies
A consulting insurance policy is available for purchase online
Only businesses with ten employees are eligible for BOPs
Hiscox is a reputable insurance company offering many business coverage options, including holiday lodges. Hiscox Insurance's extensive coverage is a highlight. Hiscox has customized commercial and personal insurance solutions to secure your business and belongings. Their broad coverage options can be adjusted to suit varied sectors and conditions, offering clients peace of mind.
Best for: Customized coverage solutions for holiday lodges
Average cost: $30 per month
Our rating: 9/10
Andreas Steger Insuranker
Policy Type: Travel Insurance
Company name: VisitorsCoverage Travel Insurance
I was bitten by a stray dog in Bali. I went to a hospital for necessary treatment as the wound was bleeding and I received 3 shots of 4 of an anti rabies vaccine. The 4th back in my home country. Out of 265 USD I paid, this insurance wants to pay 35 USD only. They call my outpatient treatments, meds and doctors fee an "office visit " that is covered with 70 $ only and from this amount they deducted 50 $ and give me 20 $ only. I was seeking for help in a hospital with a kind of emergency as an untreated stray dog bite can threat your life with an rabies infection and I believed I am well insure. Original costs of this section is 204 $. I feel clearly scammed by this insurance. I contacted VisitorsCoverage before this review but the agent didn't or didn't want to understand my concerns and found my case obviously solved. It was my second time I signed an insurance policy with this insurance but, first time that I had a medical incident. After all, I conclude... it is dangerous to sign with them. I don't want to imagine my bill was some thousand dollars for outpatient treatments and they bluntly declare it an "office visit" paying 20 Dollars only.
AXA is either totally incompetent or they are scammers. Initially, they were quick to confirm that the event would be covered. However, upon receiving medical documentation, they started making excuses. After confronting them about it and translating some of the documents (since they apparently cannot read) they stopped replying altogether. It's been 2 weeks since the last email from them and they still haven't given any clear reply regarding why they are trying to reject the claim. Avoid them at all costs unless you want to spend a month on calls and writing emails without any response. In unlikely case they want to contact me: event # is 7123585018.
There are systems used by this company to make things difficult. Here are some hints below: * The wording in their contract is a sales pitch and on purpose to make you think you have the coverage you don’t. Be very careful- just avoid. * If you make a claim they will purposefully make delays in response times, lose paperwork and tell you to send it again repeatedly. This is a very carefully researched system to have you give up on your claim and walk away. Most do, and that’s a success story for them without having to offer the services promised. Unfortunately, it works well. * You can’t find any information to get ahold of anyone directly. It takes months to get a phone number for an adjuster alone and that’s if you’re lucky. Emails only and that will be slow. * 800 number will get you on a line that is trained to waste your time and not accomplish anything. The long wait times, repeated requests for your info on the phone, and no transfer to anyone useful is a very strong setup to make you give up. We kept on regardless of this. After many months and repeated calls (and emails) we were denied. I got the insurance adjuster (that took a lot of work) which made that call and went through the contract very thoroughly. The wording in the contract can go any way they wish. Again, very carefully set up system in the hopes you will give up. These systems are creating a lot of mistrust and I will personally never purchase travel insurance again, ever.
This company is scam (AXA insurance in Europe) . They charged me on Kiwi website for Isnurance . Then I offered all the proof of cancellation due to Covid , submitted the proof . They wrote me they sent funds to my bank on March 8 th but I never received them ( by the way only 50% of flights -10% processing fees without any proof of explanation why not 100%). So I emailed them 2 weeks later, no response. Then a month I contacted them again and they said funds were released and did not come back to them. I asked for proof , such as wire number , no response . They are fraud. Alena Mahas New York
Please DONOT buy insurance from this company especially travel insurance. They never cover anything when it is time to claim even if the case is emergency. They do not follow what is written on the policy. You will only waste your money and time. They will give a lot of reasons so they can reject your claim. Be careful, this is fraud.
Not all those who wander are lost.
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