General Liability Insurance For Mini Golf Courses
All businesses, regardless of industry, face risks that should be covered by insurance. The most common and comprehensive type of policy business owners invest in is general liability insurance.
Some of the risks general liability insurance covers are:
- Bodily injury
- Property damage
- Medical payments
- Legal defense and judgment
- Personal and advertising injury
While businesses aren't legally required to carry general liability insurance, operating without it is extremely risky. If your business is sued, you could end up facing fees totaling hundreds of thousands of dollars (or more). Having a sufficient general liability insurance policy in place to help compensate for these damages is the only way to prevent this type of event from devastating your business.
Learn more about the risks covered by general liability insurance.
Get a Free Quote for Your Business
Business insurance is massively important to all businesses, whether large or small. Getting a quote will help you understand which coverages are right for your business and how much it will cost.
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COMMON SITUATIONS THAT GENERAL LIABILITY INSURANCE MAY COVER FOR A MINI GOLF COURSE
Example 1: As an employee demonstrates how to swing the putter to a group of guests, he accidentally topples an overhead display shelf. The shelf falls off the wall onto a guest’s foot, breaking several small bones. General liability insurance would pay for the guest’s medical costs and any settlement money awarded in a lawsuit.
Example 2: You’ve been meaning to fix a tear in the AstroTurf near one of your holes, but a busy weekend kept you from closing the area to make repairs. Guest accidentally knock over the “caution” sign you placed near the tear and a child trips and knocks out two teeth. The child needs stitches and the parents are angry. General liability insurance would cover the child’s medical bills and any legal costs if the parents decide to sue.
Example 3: As a delivery driver stops by with a shipment of golf balls, they seriously injure themselves by slipping on a wet floor. The delivery driver sues not only for their medical costs but also for additional damages. Your general liability policy would pay for your legal defense and any settlements awarded to the delivery driver.
Of course, this is not an exhaustive list of perils a general liability insurance policy will cover, and some conditions may result in a particular peril not being covered. It's always best to talk to your agent in-depth about the specifics of your policy to avoid blind spots in coverage.
Learn more about the risks covered by general liability insurance.
Cost Of General Liability Insurance
On average, mini golf courses in America spend between $400 - $1,100 per year for $1 million in general liability coverage.
Check out the chart below for a snapshot of average general liability insurance expenditure across a variety of industries:
Several factors will determine the price of your policy. These include your:
- Number of employees
- Per-occurrence limit
- General aggregate limit
You may be able to acquire general liability insurance at a discounted rate by purchasing it as part of a business owner's policy (BOP) rather than as a standalone policy. A BOP is a more comprehensive solution that includes multiple forms of coverage, such as business interruption and property insurance.
Other Types Of Coverage Mini Golf Courses Need
While general liability is the most important type of insurance to have, there are several other forms of coverage you should be aware of. Below are some other types of insurance all mini golf courses should obtain:
Commercial Property Insurance
Your mini golf course requires plenty of specialized equipment to run smoothly. If you own your building, commercial property insurance protects your business equipment, tools, furniture, and other supplies in the event of a fire or other disaster. This coverage helps replace damaged property so you can reopen as soon as possible.
Workers’ Compensation Insurance
Most states require businesses to carry workers’ compensation insurance for their part-time and full-time employees. If one of your employees becomes injured at work or falls ill as a result of a work-related accident, workers’ compensation insurance would cover their medical bills and, if appropriate, any disability benefits.
Types Of Coverage Some Mini Golf Courses May Need
In addition to the policies outlined above, there are a few other types of coverage your mini-golf course may require depending on certain aspects of your operations. Some of these might not apply to you, so be sure to ask your agent which policies are right for your business.
Commercial Umbrella Insurance
While you’ve invested in comprehensive liability insurance to protect your business in the event of a lawsuit, certain situations could exhaust the limits of your primary insurance policy. That could leave you responsible for paying legal fees and damages out-of-pocket. Commercial umbrella insurance goes beyond your primary policy limits to protect your business in these situations.
Data Breach Insurance
If you offer a loyalty program for your repeat customers, you likely store some of their personal data in your computer system. This sensitive information may then be vulnerable to cyber attacks. Data breach insurance offers peace of mind with an extra layer of protection in the event of a system breach.
Additional Steps To Protect Your Business
Although it’s easy (and essential) to invest in business insurance, it should not be your frontline defense. Yes, insurance will compensate for your business’ financial losses after an incident occurs, but it’s much better to avoid losses altogether.
With this in mind, here are several things you can do to better protect your business:
- Use legally robust contracts and other business documents. (We offer free templates for some of the most common legal forms.)
- Set up a limited liability company (LLC) or corporation to protect your personal assets. (Visit our step-by-step guides to learn how to form an LLC or corporation in your state.)
- Stay up to date with business licensing.
- Streamline your business’ internal processes. This will remove unnecessary variables from common tasks and create a safe, consistent environment for conducting business.
- If your business is an LLC, look into LLC Insurance.
Steps After Getting Business Insurance
Depending on where you are in your business building process, here are some other actions you may need to take before getting started:
- If you’re just starting, finding the best name for your business is a great first step. Check out TRUiC’s Business Name Generator.
- After finding the perfect name, get a logo with our Logo Generator.
- Every business needs a website. Using a website builder like the GoDaddy Website Builder or Wix makes building a website simple and fast! Check out our review of the Best Website Builder.
Business Insurance is the Best Way to Protect Your Business
If you're starting a new business, then you need business insurance. It's as simple as that. The protection offered by an LLC will protect your personal assets, but your business's assets are still open to liability in the case of a lawsuit or other loss.
Be sure that everything you've built is safe by getting business insurance.
Frequently Asked Questions
What is included in a business owner’s policy?
A typical business owner’s policy includes general liability, business interruption, and commercial property insurance. However, BOPs are often customizable, so your agent may recommend adding professional liability, commercial auto, or other types of coverage to your package depending on your company’s needs.
What is the difference between business insurance and general liability insurance?
"Business insurance" is a generic term used to describe many different types of coverage a business may need. General liability insurance, on the other hand, is a specific type of coverage that business owners need to protect their assets.
Do I need insurance before I start a business?
You should invest in insurance coverage for your business before your first interaction with a customer. Although the cost of insurance may seem high for a brand new business, it’s best to be proactive when it comes to protecting your assets. After all, you can’t buy insurance to cover a loss that has already occurred.
Will insurance protect my business from everything?
Not necessarily. Certain exceptions may be written directly into your policy, and some perils may be entirely uninsurable. Be sure to discuss the scope of your policy in-depth with your agent to avoid being blindsided by holes in your coverage.