Running a guide or outdoor outfitting business can be an exciting and rewarding venture. But, like any other business, it also carries certain risks. That’s why having the right insurance is so important.
Guides and outfitters insurance is a type of liability insurance designed to protect business owners who provide guided tours, outdoor recreation services, or outfitting services. It helps cover the cost of any legal liability if an accident occurs while your customers are participating in your activities or using your services. It can also provide coverage for vehicles, boats, and other equipment associated with your business.
Who Needs Guides and Outfitters Insurance?
Any business that provides guided tours, outdoor recreation services, or outfitting services needs guides and outfitters insurance. This includes businesses that offer hunting and fishing trips, whitewater rafting trips, climbing and mountaineering trips, and other types of outdoor activities. It also includes businesses that provide services such as transportation, equipment rental, and food or lodging services.
In addition to businesses that provide services directly to customers, guides and outfitters insurance can also be beneficial to businesses that provide services to other companies. For example, a business that provides transportation services to other tour operators or outfitters may need guides and outfitters insurance to protect itself in the event of an accident.
Types of Guides and Outfitters Insurance
The most common type of guide insurance is general liability insurance. This type of insurance provides coverage for bodily injury and property damage that may occur in connection with your business. It also provides coverage for advertising claims, medical payments, and legal defense costs if a lawsuit is filed against your business.
Another type of guides and outfitters insurance is professional liability insurance. This type of insurance covers any errors or omissions that may occur in the course of providing your services.
In addition to general liability and professional liability insurance, several other types of coverage are available, including property, vehicle, and workers’ compensation insurance.
- Property insurance covers any damage or loss to your business’s property, such as buildings, equipment, or inventory.
- Vehicle insurance covers any damage or loss to your business’s vehicles, such as boats, ATVs, or snowmobiles.
- Workers’ compensation insurance provides coverage for any injuries that occur to your employees while they are performing their job duties.
Cost of Guides and Outfitters Insurance
The cost of guides and outfitters insurance varies depending on the type of coverage you choose, the amount of coverage you need, and the type of business you run. In general, general liability insurance is typically the most affordable type of insurance.
Professional liability insurance is typically more expensive, whereas property insurance and vehicle insurance premiums can vary greatly depending on the type of property or vehicle being insured. Workers’ compensation insurance premiums also vary depending on the type of business.
Guides and Outfitters Insurance Requirements
The exact requirements for guides and outfitters insurance vary from state to state. Generally, businesses that provide guided tours, outdoor recreation services, or outfitting services must have liability insurance in place to comply with state regulations.
In some states, businesses may also be required to carry additional types of insurance, such as property insurance, vehicle insurance, or workers’ compensation insurance. It’s important to check with your state’s insurance department to determine what type of insurance is required for your business.
Commercial Insurance And Business Industry Classification
- SIC CODE: 7999 Amusement And Recreation Services, Not Elsewhere Classified
- NAICS CODE: 713990 All Other Amusement and Recreation Industries
- Suggested Workers Compensation Code(s): 9180 Club – Shooting & Drivers
Guides and Outfitters Insurance – The Bottom Line
Guides and outfitters insurance is an essential part of running a successful business in the outdoor recreation and outfitting industry. It helps protect your business from any legal liability that may arise in connection with your services.
With the right insurance in place, you can rest assured that your business is protected and that you’re in compliance with state regulations.