The importance of insuring your caravan park ahead of the holiday season
With families now starting to plan their summer holidays and an increasing number of holidaymakers choosing a staycation in the UK for their summer break, if you’re a caravan park owner or manager, you’re likely to have a busy season. Whether you’re new to the leisure industry or you’re looking to protect your assets for the first time, it’s important that caravan park insurance is uppermost in your thoughts to guard against any eventuality on-site this summer.
If you’re unsure what kind of cover you need, read on to discover the many facets of operating a caravan park that can be protected by a watertight insurance policy.
Protect your physical assets
If your business owns dozens of static caravans and you’re anticipating them being full throughout the summer months, you don’t need to be a rocket scientist to acknowledge the increased risk of damage to your physical assets. The right level of caravan park insurance can protect the full value of the caravans you own, giving you complete peace of mind in the event of theft, fire or vandalism.
From glamping to wigwams, caravan parks are evolving with non-standard construction buildings and it is important to have insurance that provides cover. These can be more susceptible to the elements and some insurers only provide limited cover. A robust insurance programme will provide cover for all types of structures.
Guard against any loss of revenue
Should the worst happen and your business encounters damage, insurance can cover you during any periods of revenue loss while repairs take place. Your insurer can pay you a lump sum to counterbalance any loss of revenue you experience.
If you own multiple caravan parks, has your insurance policy been endorsed to cover loss of revenue at one site should an incident occur there. Our expert team of brokers can advise on multiple caravan park risks and we recommend insurance policies that are flexible to accommodate this situation.
Deal with the threat of any compensation claims
With a blame culture increasingly apparent, the threat of compensation claims from customers is higher than ever. Some people are intent on suing leisure parks for the tiniest of issues. It is essential to have public liability cover included within your caravan park insurance to cover the eventuality of serious accidents on-site. The last thing you want is a lamentable incident to occur on your leisure park and encounter a potentially business-ending lawsuit. Don’t take the risk: get insured.
Look after your employees on-site
If you employ staff to work on your caravan park throughout the holiday season, you’re also responsible for their health and safety too. Caravan park insurance will meet your legal obligations as an employer, protecting your business financially in the event of a staff member or former employee submitting a compensation claim.
If you’d like to discuss your caravan insurance requirements simply give L Wood & Co’s experienced Bingley-based team a call today on 01274 515747 or drop us a line at mail@lwood.co.uk.