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Ski Resort Insurance: Cost & Quotes From $35/mo

Table of contents
1. General Liability Insurance for Ski Resorts1.1. Situations Where General Liability Insurance Can Help Ski Resorts 2. Add-Ons to General Liability Insurance for Ski Resorts2.1. What is the Difference Between Occurrence and Claims-Made Policies?3. Accidental Medical Insurance for Ski Resorts3.1. What is the Difference Between Primary and Excess Medical Insurance?4. Events Insurance for Ski Resorts4.1. Situations Where Events Insurance Can Help Ski Resorts4.2. How is the Cost of Event Insurance for Ski Resorts Calculated?5. Commercial Property Insurance for Ski Resort Insurance5.1. Add-Ons to Commercial Property Insurance for Ski Resorts5.2. What is the Difference Between Replacement Cost and Actual Cash Value?6. Business Owner’s Policy for Ski Resorts6.1. Add-Ons to Business Owner’s Policy for Ski Resorts 7. Business Interruption Insurance for Ski Resorts7.1. Add-Ons to Business Interruption Insurance for ski resorts:8. Commercial Auto Insurance for Ski Resorts8.1. Costs Covered by Commercial Auto Insurance for Ski Resorts8.2. Add-Ons to Commercial Auto Insurance for Ski Resorts9. Excess Liability Insurance for Ski Resorts10. Trailer Interchange Insurance for Ski Resorts10.1. Add-Ons to Trailer Interchange Insurance for Ski Resorts11. Workers Compensation Insurance for Ski Resorts11.1. Costs Covered by Workers Compensation Insurance for Ski Resorts11.2. Situations Where Workers Compensation Insurance Can Help Ski Resorts12. Ski Resort Insurance Cost13. Best Ski Resort Insurance Companies 13.1. NEXT Ski Resort Insurance 13.1.1. Pros13.1.2. Cons13.2. CoverWallet Ski Resort Insurance 13.2.1. Pros13.2.2. Cons13.3. The Hartford Ski Resort Insurance 13.3.1. Pros13.3.2. Cons13.4. Tivly Ski Resort Insurance 13.4.1. Pros13.4.2. Cons13.5. Thimble Ski Resort Insurance 13.5.1. Pros13.5.2. Cons13.6. Hiscox Ski Resort Insurance 13.6.1. Pros13.6.2. Cons

If you are the owner or operator of a ski resort, you know that providing your guests with a safe and enjoyable experience is of the utmost importance. However, accidents and unpredictable events can still happen, so having the right insurance coverage is essential. 

Ski resort insurance programs are designed to protect your business from financial losses resulting from property damage, liability claims, or other incidents. 

This article will explore the different types of ski resort insurance coverage available, including general liability insurance, accidental medical insurance, commercial property insurance, business interruption insurance, and more.

General Liability Insurance for Ski Resorts


CoverWallet NEXT (Best)Thimble HiscoxThe 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?YesNoIncludedCan be includedNo
Hired/non-owned auto liability coverage included?YesNoExcludedCan be includedCan be included
Equipment breakdown floater included?No YesYesCan be includedCan be included


General liability insurance is an essential insurance policy for ski resorts as it covers legal costs and damages from bodily injury or property damage claims by third parties. This coverage can also extend to incidents that occur on the premises or as a result of the ski resort's operations. 


Situations Where General Liability Insurance Can Help Ski Resorts 

  • Slip and fall accidents–Ski resorts are often in mountainous terrain, which can be icy, snowy, or slippery, increasing the risk of slip and fall accidents.

  • Property damage–Amenities in a ski resort can damage a customer’s belongings

  • Product liability–Ski resorts may be held responsible for injuries caused by products they sell, such as ski equipment or food and beverage items


Add-Ons to General Liability Insurance for Ski Resorts

  • Liquor Liability Insurance–Ski resorts that serve alcohol may require liquor liability insurance. This ski area insurance add-on covers for legal costs and damages arising from incidents related to the sale and service of alcohol

  • Snowmobile liability coverage–If a ski resort offers snowmobiling as an activity, snowmobile liability coverage can help protect the resort against legal claims and lawsuits resulting from snowmobile accidents


What is the Difference Between Occurrence and Claims-Made Policies?

Occurrence and claims-made policies are two types of liability insurance that provide coverage for different periods and circumstances. An occurrence policy covers claims arising from incidents that occur during the policy period, regardless of when the claim is made, while a claims-made policy only covers claims made during the policy period. Occurrence policies may offer broader coverage but are more expensive, while claims-made policies may be more affordable but require additional coverage for prior acts or extended reporting periods. Ski resorts should evaluate their risks and work with an experienced insurance company to determine which policy is best for their needs.


Accidental Medical Insurance for Ski Resorts

Accidental medical insurance for ski resorts covers medical expenses related to accidents that occur while skiing or participating in other winter sports activities. This type of insurance can cover emergency medical treatment, hospitalization, surgery, and ambulance transportation costs.


What is the Difference Between Primary and Excess Medical Insurance?

Direct medical insurance is the first insurance policy that pays for medical expenses related to an accident. Excess medical insurance is a secondary policy providing additional coverage beyond the primary one.


Events Insurance for Ski Resorts

Events insurance is a type of insurance policy that covers the risks associated with holding events such as ski resort concerts and festivals. 


Situations Where Events Insurance Can Help Ski Resorts

  • Weather-related cancellations of events

  • Cancellation due to low ticket sales or lack of interest

  • Damage to event equipment or property

  • Liability claims from event attendees


How is the Cost of Event Insurance for Ski Resorts Calculated?

The cost of events insurance for ski resorts is typically based on a range of factors, including the size and type of event being held, the location, the number of attendees, and the level of coverage needed. Other factors that may impact the cost of event insurance include the level of risk associated with the event, the number of previous claims made by the resort, and the overall financial health of the resort.

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Commercial Property Insurance for Ski Resort Insurance


CoverWalletNEXT (Best)ThimbleThe HartfordHiscox
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 signsExcluded$2,500ExcludedExcludedIncluded
Accounts receivable ExcludedExcluded$5,000/$10,000ExcludedIncluded
Money and securitiesExcluded$2,500$1,000ExcludedIncluded
Lock and keys Excluded$2,500ExcludedExcludedIncluded
Business interruption floaterExcludedIncludedIncludedExcludedIncluded
Equipment breakdown floaterExcludedIncludedExcludedExcludedIncluded
Inland marine insurance floaterExcludedExcluded$10,000ExcludedExcluded
Employee dishonesty floaterExcluded$5,000$2,500ExcludedExcluded


Commercial property insurance is a type of insurance policy that provides coverage for the physical assets of a business, such as buildings, equipment, and inventory, in the event of damage or loss due to various perils, such as fire, theft, and natural disasters. Ski resort commercial property insurance can help ski resorts in various situations, such as:

  • Damage or loss to buildings, equipment, and inventory due to natural disasters such as storms, and fires

  • Theft or vandalism of property or equipment.

  • Business interruption due to damage or loss to property that causes temporary closure of the resort

  • Loss of income due to damage or loss to property or equipment


Add-Ons to Commercial Property Insurance for Ski Resorts

  • Business interruption insurance–Business interruption insurance is an add-on to commercial property insurance that provides coverage for lost income and expenses incurred due to the temporary closure of a business

  • Equipment breakdown insurance–Equipment breakdown insurance is an add-on to commercial property insurance that covers repairing or replacing equipment due to mechanical or electrical breakdown


What is the Difference Between Replacement Cost and Actual Cash Value?

Replacement cost refers to replacing damaged or lost property with new property of like kind and quality without any depreciation deduction. On the other hand, actual cash value takes into account depreciation and is the property's value at the time it was lost or damaged. Replacement cost coverage is generally more expensive than actual cash value coverage.


Business Owner’s Policy for Ski Resorts


CoverWalletNEXT (Best)Thimble The HartfordHiscox
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?YesYesYesYesYes
Name additional insureds for free?YesYesYesYesYes
BOP discount?YesYesYesYesYes


This insurance policy provides comprehensive coverage for small to medium-sized ski resorts. It combines two essential coverages–property insurance and general liability insurance–into one policy, offering cost savings compared to purchasing the coverages separately. BOP for ski resorts can help in the following situations: 

  • Property damage caused by fire, theft, or natural disasters 

  •  Bodily injury or property damage claims made by third parties due to the operation of the resort

  •  Lawsuits filed against the resort for advertising injury or slander


Add-Ons to Business Owner’s Policy for Ski Resorts 

BOP for ski resorts can be customized with add-ons to increase coverage, such as:

  • Data breach coverage–This add-on protects against losses from data breaches, cyber-attacks, or identity theft. Ski resorts that handle customer data, such as credit card information, may find this coverage helpful

  • Employment practices liability insurance–This covers claims related to wrongful termination, discrimination, harassment, or other employment-related issues


Business Interruption Insurance for Ski Resorts

Business interruption insurance for ski resorts is designed to cover lost income and extra expenses if the resort is forced to shut down temporarily due to a covered loss, such as damage to property or equipment from a natural disaster. Some of the costs that may be covered under business interruption insurance for ski resorts include:

  • Equipment failure–If a critical piece of equipment such as a ski lift, snow-making machine, or grooming vehicle breaks down and causes a shutdown of operations

  • Power outages–If a power outage occurs and the ski resort is unable to operate lifts, make snow, or provide other essential services to guests

  • Property damage–If a fire, vandalism, or other incident causes damage to the ski resort's property or facilities and forces a temporary shutdown


Add-Ons to Business Interruption Insurance for ski resorts:

  • Contingent business interruption insurance–This type of insurance covers losses resulting from disruptions in the operations of suppliers, vendors, or other third-party businesses that a ski resort depends on

  • Civil authority coverage–This coverage applies when a ski resort is forced to close due to an order by civil authorities, such as a mandatory evacuation order


Commercial Auto Insurance for Ski Resorts

Commercial auto insurance for ski resorts is an insurance policy that provides coverage for vehicles used by the ski resort for your operations, such as transporting guests, employees, equipment, and supplies. 


Costs Covered by Commercial Auto Insurance for Ski Resorts

The costs covered by commercial auto insurance for ski resorts may include:

  • Auto liability coverage–Covers the cost of medical expenses in case your ski resort’s vehicle causes an accident involving third parties 

  • Collision coverage–Pays repair costs if the commercial vehicle got damaged in a collision with another vehicle 

  • Comprehensive coverage–Pays repair costs if the commercial vehicle got damaged due to fire, theft, vandalism, lightning, and other covered perils 

  • Uninsured/underinsured motorist coverage–If the covered commercial vehicle got involved in an accident caused by another vehicle, this pays the expenses the driver at-fault can’t pay because he/she is uninsured/underinsured 


Add-Ons to Commercial Auto Insurance for Ski Resorts

The add-ons to commercial auto insurance for ski resorts may include:

  • Rental reimbursement–This covers the cost of renting a vehicle while the ski resort's vehicle is being repaired due to damages from an accident or incident

  • Roadside assistance–This provides emergency roadside services, such as towing, jump-starting, or fuel delivery, in case the ski resort's vehicle breaks down

  • Personal injury protection–This covers medical expenses and lost wages for the ski resort's employees or passengers in case of an accident or injury while using the vehicle

  • Hired and non-owned auto liability–This covers the cost of damages and injuries caused by vehicles that the ski resort hires or uses but does not own, such as rental cars or employees' personal vehicles used for work purposes


Excess Liability Insurance for Ski Resorts

Excess liability insurance is a type of insurance that provides additional coverage beyond the limits of a primary liability policy. For ski resorts, excess liability insurance provides additional protection against claims or lawsuits that may exceed the limits of your primary general liability insurance.


Trailer Interchange Insurance for Ski Resorts

Trailer interchange insurance covers the repair or replacement of trailers that your ski resort borrowed or hired under a trailer interchange agreement. This is sometimes available as an add-on to commercial auto insurance. 


Add-Ons to Trailer Interchange Insurance for Ski Resorts

  • Debris removal coverage–This add-on covers the costs of removing debris that may result from an accident or incident involving the trailer

  • Pollution cleanup coverage–This add-on covers the costs of cleaning up any pollution caused by an accident or incident involving the trailer


Workers Compensation Insurance for Ski Resorts

Workers compensation insurance is something you, as a ski resort owner, need to consider. This type of insurance benefits your employees who become injured or ill while performing their job duties.


Costs Covered by Workers Compensation Insurance for Ski Resorts

Workers compensation insurance for ski resorts typically covers the following costs:

  • Medical expenses

  • Lost wages

  • Disability benefits

  • Rehabilitation costs

  • Death benefits


Situations Where Workers Compensation Insurance Can Help Ski Resorts

As a ski resort owner, you should know that workers compensation insurance can be beneficial in situations where your employees are injured or become ill while performing their job duties. This includes accidents on the slopes, injuries from equipment or machinery, and illnesses from exposure to hazardous materials. Without workers compensation insurance, you may be held liable for the costs associated with the employee's injury or illness.

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Ski Resort Insurance Cost


Cost per MonthCost per YearDeductible
General liability insurance$70$840$0-$500
Excess liability insurance$72$864$1,000-$2,000
Commercial property insurance$75$900$1,000-$2,000
Business owner's policy$145$1,740$1,500
Tools and equipment insurance$78$936$500-$1,000
Commercial auto insurance$80$960$500-$1,000
Trailer interchange insurance$82$984$500-$1,000
Workers compensation insurance$90$1,080$2,000-$5,000


The average ski resort insurance cost is $70 per month or $840 per year for a $1 million general liability insurance. Factors that affect the cost of premiums are claims history, business history,  deductibles, coverage limits, location, and annual revenues. Here’s another table showing the cost of $1 million general liability insurance from companies we recommend:


Cost per MonthCost per YearBest for
NEXT$25$300Small to mid-sized businesses seeking comprehensive coverage
CoverWallet$30$360Comparing ski resort insurance quotes online
The Hartford$33$396Experienced specialists
Tivly$39$468Comparing ski resort insurance quotes over the phone
Thimble$50$600On demand coverage
Hiscox$60$720Small to mid-sized ski resorts seeking comprehensive insurance coverage

Compare Cheap Ski Resort Insurance Quotes Online

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Best Ski Resort Insurance Companies 

When it comes to finding the best insurance companies for ski resorts, there are a few key factors that you should consider, including coverage options, cost, and customer service. Here are some of the top insurance companies to consider for ski resort insurance. Read some of the reviews below to know their pros, cons, and average rate for a $1 million general liability insurance.


NEXT Ski Resort Insurance

Pros

  • Best overall

  • Issues an online proof of insurance instantly

  • Fastest general liability insurance for art therapists

  • Great customer service and reputation

  • Excellent rates

  • Outstanding value for money

  • Get a 10% discount if you buy two or more policies 

Cons

  • Couldn’t find any 

NEXT is a technology company that emphasizes its focus on making the lives of its clients easier through artificial intelligence and analytical techniques. Thousands of policies are assessed to develop actionable insights that provide policy benefits to clients.

Best for: Small to mid-sized businesses seeking comprehensive coverage

Average cost: $25 per month 

Our rating: 10/10


CoverWallet Ski Resort Insurance

Pros

  • CoverWallet provides access to multiple insurance carriers, allowing ski resorts to compare quotes and find the best coverage at a competitive price

  • The company partners with multiple insurance carriers to provide customized insurance solutions for businesses of all sizes

  • CoverWallet has received positive customer reviews and is accredited by the Better Business Bureau

  • The company offers quick turnaround times for policy approvals and claims processing

Cons

  • Some ski resorts may prefer to work directly with an insurance carrier rather than a broker

CoverWallet is an internet-based insurance broker that enables owners of small businesses to obtain quotes from multiple insurance companies simultaneously. CoverWallet itself is not a provider of business insurance.

Best for: Comparing ski resort insurance quotes online 

Average cost: $30 per month 

Our rating: 10/10


The Hartford Ski Resort Insurance

Pros

  • The Hartford has a long history of providing insurance to businesses and has a strong reputation for customer service

  • Easy to track your claims online

  • Up to $5 million in coverage limits

Cons

  • Agent required for the purchase process

If you need a specialist agent's help to make your decision, The Hartford is a fine choice. They have a high policy limit allowing you to cover more if needed. A higher coverage limit will usually increase your monthly premium.

Best for: Experienced specialists

Average cost: $33 per month 

Our rating: 10/10


Tivly Ski Resort Insurance

Pros

  • Simplifies the process of finding an insurance provider for businesses

  • Provides a wider range of options for businesses to choose from

  • Helps insurance providers find customers who fit their solutions

  • Increases efficiency for agents and brokers

  • Can save time and effort for both businesses and insurance providers

Cons

  • The platform may not be suitable for businesses with particular insurance requirements

Tivly is a platform that operates as an intermediary between businesses and insurance providers. The platform aims to simplify the process of connecting businesses with an insurance company that can cater to their specific requirements. Call now to compare quotes over the phone. 

Best for: Comparing ski resort insurance quotes over the phone 

Average cost: $39 per month 

Our rating: 9/10


Thimble Ski Resort Insurance

Pros

  • Thimble offers on-demand insurance policies, allowing customers to only pay for coverage when needed

  • Thimble's customer service team is responsive and helpful, providing support via phone, email, and chat

  • Provides excellent 24/7 expert support and enjoys exceptionally high customer satisfaction ratings

Cons

  • Thimble is currently only available in select states, which may be a limitation for some customers

Thimble is a U.S. company that provides on-demand insurance coverage for small businesses and independent workers. The company uses technology to enable customers to purchase insurance by the hour, day, or month.

Best for: On-demand coverage

Average cost: $50 per month 

Our rating: 8/10


Hiscox Ski Resort Insurance

Pros

  • Strong financial stability and credit rating

  • High customer satisfaction

  • Hiscox offers worldwide coverage, which is excellent for businesses in multiple countries

  • provides risk management resources to help customers reduce risk exposure and prevent losses

Cons

  • No Alaska coverage

Hiscox is a global insurance company that provides a wide range of insurance products. The company was founded in 1901 and has since become a leading insurer in Europe, the United States, and Asia.

Best for: Small to mid-sized ski resorts seeking comprehensive insurance coverage
Average cost: $60 per month 

Our rating: 9/10


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