Corn Maze Business Insurance
Getting insurance for your corn maze business is essential.
Corn maze businesses need to be protected against things like claims of negligence, personal injury, and property damage.
For example, a neighboring property may claim that visitors are causing them property damage while trying to navigate your maze, or visitors may injure themselves while exploring the maze.
We’ll help you find the most personalized and affordable coverage for your unique business.
Recommended: Next Insurance is dedicated to matching small businesses with the right policy at the best price.
Best Insurance for a Corn Maze Business
General liability insurance is — generally speaking — one of the most important insurance policies for corn mazes.
Some of the risks general liability insurance covers are:
- Bodily injury
- Property damage
- Medical payments
- Legal defense and judgment
- Personal and advertising injury
Many corn mazes find that general liability is unable to provide them with the necessary protection, so take advantage of numerous additional policies:
- Workers’ compensation insurance
- Commercial auto insurance
- Commercial property insurance
- Commercial umbrella insurance
The providers from which your corn maze will able to purchase insurance are often divided into two main categories, which are:
- Brick-and-mortar insurers — the traditional option, which includes firms such as The Hartford, Hiscox, and Nationwide.
- Online insurers — the modern option, which includes firms such as Tivly and Next.
While both are great choices, it is important for businesses to be aware that despite a similar level of quality between the two, brick-and-mortar insurers often are pricier owing to their higher overheads.
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Cost of General Liability Insurance
On average, corn mazes in America spend between $300 - $800 per year for $1 million in general liability coverage.
Compare the average cost of general liability insurance for a corn maze business to other professional industries using the graph below.
Several factors will determine the price of your policy. These include your:
- Location
- Deductible
- 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.
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Common Situations That General Liability Insurance May Cover for a Corn Maze Business
Example 1: A group of teenaged customers is making their way into the back or your trailer as they prepare to travel on a haunted corn maze attraction. One of the teens isn’t paying attention and slips on the ramp, cutting her chin on the metal. She requires immediate medical attention and demands that your business pays for her hospital stay. Your general liability policy will likely cover the treatment and any other associated costs.
Example 2: At the end of the season, you offer a significant discount to local feedlots for the last of the corn stalks. As a customer begins to load his truck, he trips over a stray extension cord and breaks his wrist in the fall. He is angry and threatens to sue you for both medical costs and pain and suffering. General liability insurance will help to cover your legal fees and the costs of any settlement that may be awarded.
Example 3: A competing corn maze in your county has filed a lawsuit against you, claiming that you libeled their business in your latest television commercial. You don’t believe that your ad was offensive in any way but want to seek out an excellent legal defense team as soon as possible. Your general liability policy will likely pay for your legal costs, including the cost of a settlement if necessary.
Other Types of Coverage Corn Maze Businesses 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 of the most common types of coverage:
Workers’ Compensation Insurance
Workers’ compensation coverage is likely required in your state for any company with part-time and/or full-time employees. Your employees face a unique set of risks when they come to work each day. If they are injured or become ill as a result of a job-related accident, workers’ compensation insurance will cover their medical treatment and any lost wages until they can return to work.
Commercial Auto Insurance
Any vehicles that you use to complete business-related duties, including personal cars, must be covered under a commercial auto insurance policy. This essential coverage works to protect your business and employees in the event of a traffic accident. Commercial auto insurance will not only cover the cost of repairs but will pay for any required medical treatment for your employee and any involved third-parties if your employee is found to be at fault.
Commercial Property Insurance
Your corn maze requires a variety of specialized business equipment and supplies to keep operations running smoothly year-round. If any of this equipment is damaged or lost in a fire, it can be difficult to replace it out-of-pocket. Commercial property insurance is designed to cover the loss of your equipment and supplies in the event of a disaster so that you can keep your doors open and protect your bottom line.
Commercial Umbrella Insurance
Even though you’ve invested in a comprehensive general liability policy, there may come a time when a lawsuit exhausts your primary coverage limits. In this case, commercial umbrella insurance can step in to go above those primary limits and pay for the remaining damages so that you don’t have to.
Additional Steps To Protect Your Business
Although it’s easy (and essential) to invest in business insurance, it shouldn’t be your only defense.
Here are several things you can do to better protect your corn maze business:
- Use legally robust contracts and other business documents. (We offer free templates for some of the most common legal forms.)
- Set up an 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.
- Maintain your corporate veil.
Corn Maze Business Insurance FAQ
Yes, absolutely. You will need to first get a quote from an online business insurance provider like Next Insurance. Next allows you to then purchase a policy immediately and your coverage will be active within 48 hours.
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.
"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.
It is essential that your corn maze business purchases adequate business insurance before its operations commence, as it provides an essential layer of protection between the business and the common risks it faces.
This is especially important in situations where your corn maze is legally obligated to hold certain policies (e.g., you have employees, you use business vehicles, etc.)
Not necessarily. Certain exceptions may be written directly into your corn maze business insurance policy, and some perils may be entirely uninsurable.
Yes, an LLC is meant to create a legal barrier between your business and your personal assets and credit. If you haven’t formed an LLC yet, use our Form an LLC guide to get started.
An LLC doesn’t protect your business assets from lawsuits and liability– that’s where business insurance comes in. Business insurance helps protect your business from liability and risk.