It’s May already, and while it may seem like Christmas was just yesterday, summer is in fact just around the corner. This of course means that the busy tourism season is fast approaching, and for caravan and holiday parks around the country, now is a good time to ensure that your business and your premises are in good working order. One aspect of running a park that no owner can afford to ignore or skimp on is insurance, but this can be more than simply signing on the dotted line. To help you rest easy in the knowledge that you’re properly insured, here we present a comprehensive guide to caravan park insurance.
Have you insured for recent purchases and additions?
During the quieter off-season you may well have chosen to invest in some additional caravans, upgraded old models or built extra facilities. If this is the case but you haven’t updated your caravan park insurance policy, you may not be covered for the full value of your property and premises, and in the case of particularly substantial changes or upgrades, your insurance might even be declared void in part or in full. It’s a good idea to take a full inventory of your purchases and any changes you have made over the past year, and then cross-check these against your insurance policy. If you need any help determining whether you need to change or update your insurance, don’t hesitate to get in touch with Park Insurance.
Insuring your workforce
If you have gone from being a small entirely family-run business to being one that employs staff to work in your caravan park, you will need to add an employer’s liability component to your caravan park insurance policy. Employer’s liability insurance is a legal requirement for any business that employs people, but it also serves a valuable function that can protect a business owner financially. In the event that one of your employees suffers an accident or loss while at work on your premises, they may choose to pursue a claim for compensation against you. Employer’s liability insurance will take care of any legal costs relating to this, and will pay out if the employee is awarded a sum of money in compensation.
Public liability insurance
Many businesses have members of the public on their premises, but few for as long as caravan parks and other holiday sites. The longer they are on the site, the greater the chance that they may suffer an accident or incur other loss, particularly if you have any kind of additional attractions or activities on your site. Public liability insurance gives you the peace of mind to go about your daily activities and operations, safe in the knowledge that in the rare event that something goes awry and someone is injured, you’ll be financial protected against claims for compensation.
Disaster, accidental damage and vandalism
Your business is dependent on your caravan site itself and the caravans that you place upon it. Having insurance that protects you against disasters such as fire or flooding is therefore essential, and will help you to stay financially afloat during times of trouble, and subsequently rebuild. You should also make sure that you are insured in the event of less serious damage, such as vandalism, theft or accidental damage to a single caravan unit.
Call Park Insurance today to discuss your caravan park insurance needs, and we’ll give you an honest, expert appraisal of your current situation.