Golf Instruction Business Insurance
Getting insurance for your golf instruction business is essential.
Golf instruction businesses need to be protected against claims of things like false advertising, personal injury, and negligence.
For example, an instructor is found to be showing unsafe techniques to students, or students claim that your business is falsely advertising the results of your instruction.
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 Golf Instruction Business
General liability insurance is — generally speaking — one of the most important insurance policies for golf instruction businesses.
Some of the risks general liability insurance covers are:
- Bodily injury
- Property damage
- Medical payments
- Legal defense and judgment
- Personal and advertising injury
In order to remain fully protected, it is increasingly common for golf instruction businesses to protect themselves with some of the following supplementary policies:
- Commercial property insurance — covers any instruction equipment you use, as well as any grounds you may own
- Workers’ compensation insurance — covers your employees’ leave if they get injured or sick on the job (if you have any)
- Commercial auto insurance — covers any company vehicles you have
- Commercial umbrella insurance — covers any costs that extend past your existing policies’ limits
In order to acquire coverage for your golf instruction business, you will need to buy it from an insurance provider. There are two types of providers for you to be aware of:
- Traditional brick-and-mortar insurers — such as Nationwide and Hiscox.
- Online insurers — such as Tivly and Next.
While both have their benefits, small businesses may find that online insurers can provide them with premium coverage at reduced rates compared to traditional ones.
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Cost of General Liability Insurance
On average, golf instructors in America spend between $350 - $650 per year for $1 million in general liability coverage.
Compare the average cost of general liability insurance for a golf instruction 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 Golf Instruction Business
Example 1: While touring your office, a potential investor slips on a wet spot on the floor, breaks her tailbone when she falls, and asks your company to pay for her medical treatment because you didn’t display a “wet floor” sign. General liability insurance would cover her medical expenses.
Example 2: A competitor sues your business, claiming your recent marketing campaign slandered her company. While you disagree with the claim, you want to hire an attorney as soon as possible. General liability insurance would pay for your legal defense and any required settlement.
Example 3: As your employees test a new set of golf clubs after hours, they accidentally lose control of a handcart and send it flying into a customer’s luxury vehicle. Based on the extensive damage to her car, the customer decides to sue your business. General liability insurance would cover the customer’s vehicle repair costs and your legal fees.
Other Types of Coverage Golf Instruction 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:
Commercial Property Insurance
You made a major investment to establish your golf instruction business. In the event of a fire, theft, or natural disaster, commercial property insurance would cover the cost of repairing or replacing your business-related property. This includes structural damage to your building and the equipment, tools, and other supplies stored there.
Workers’ Compensation Insurance
Most states require businesses to carry workers’ compensation insurance for their part-time and full-time employees. This coverage protects your employees if they become injured at work or fall ill after a work-related accident. It not only covers an employee’s medical bills and lost wages if they need time to recover, but also any disability or death benefits stemming from a workplace accident.
Commercial Auto Insurance
Any vehicle you use primarily for business requires commercial auto insurance to protect the vehicle, driver, and others on the road in the event of an accident. Be sure to select a policy that covers not only accident-related vehicle repair costs and medical treatment for anyone injured, but also sufficient protection for any business materials you carry in your vehicle.
Commercial Umbrella Insurance
While your general liability insurance policy covers most claims, some accidents or lawsuits may be so catastrophic that they threaten to exhaust the limits of your primary coverage. Commercial umbrella insurance protects you from paying out-of-pocket for any legal fees and awarded damages that exceed your primary policy.
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 golf instruction 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.
Golf Instruction 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.
Yes. Since business insurance is only useful when purchased in advance, your golf instruction business will need it before it launches so as to be protected against any risks it could face from this point onwards.
In fact, there are even instances when your golf instruction business may be legally obligated to possess specific policies, such as workers’ compensation for instance.
Not necessarily. Certain exceptions may be written directly into your golf instruction 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.