Insurance for Nature Parks
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What Insurance Do Nature Parks Need?
Workers Compensation covers your employees' medical costs and lost wages while recovering from a work-related injury or illness. The employee gives up the right to sue your company in return for receiving cash and benefits from Workers Compensation. In some states it’s mandatory for businesses!
Umbrella Policy adds an extra layer of protection to professionals if a serious event or cumulative claims exhaust your current policy limits. It also covers you for events that would otherwise be excluded from your other policies.
General Liability Insurance protects your small business against claims of third-party bodily injury and property damage, reputational harm and advertising injury. It covers medical bills, repair costs & legal fees.
Business Interruption Insurance protects your small business if impacted by a covered risk. It'll cover the costs in replacing lost income and paying for additional expenditures. Also known as Business Interruption Coverage, this policy is usually part of your BOP (Business Owners Policy).
Frequently Asked Questions
Why do Nature Parks need insurance?
Businesses in this industry are primarily involved in the exhibition and preservation of nature and related sites or areas. Examples of these establishments include bird or wildlife sanctuaries, natural wonders, tourist attractions, conservation areas, nature centers or preserves, and national parks.
Nature parks need insurance because it protects the business from many known and unknown risks. It does that by paying covered expenses like lawsuits, medical expenses, property repairs, and replacements as long as they are within the limits of the insurance policy. This means that you won't have any huge, immediate expenses, saving your business assets.
What risks do Nature Parks face?
Nature parks face a unique set of risks. Below are some examples:
- An employee gets sick or injured on the job.
- Your nature park was temporarily closed due to a storm that destroys some parts of the park.
- A customer entering your office trips falls and suffers injuries. You'll not only be responsible for medical expenses but for financial damages and expenses when the customer sues your business and wins the case.
How much does insurance for Nature Parks cost?
There is no fixed cost for the insurance for nature parks as the cost depends on the coverage required, the size of your nature park and the number of employees you have. To find out the cost of your insurance policy, simply apply for a free quote online or call our insurance experts.