Cave Tours Insurance Policy Information
Cave Tours Insurance. Cave tour companies have the exciting and fulfilling job of sharing their passion for cave systems by introducing eager members of the public to the rich history and natural features of caves.
Caves are natural openings in the earth that may be above- or below-ground. They can be formed by erosion from water, tectonic forces, volcanic activity, or weathering. Larger caves may offer guided tours to the public to view formations such as flowstones, stalactites, and stalagmites.
These may have been updated to include electrical lighting, paved pathways, stairs, or toilet facilities. If there are underground rivers, boat tours may be available.
Undeveloped caves may limit availability to professional explorers only. While some caves are owned and operated by governmental entities, many more are privately owned. Some caves operate only on a seasonal basis.
While some cave tours are safe for almost anybody, other caves make for a more challenging adventure. Cave tour companies will be responsible for ensuring their customers' safety by providing protective equipment such as helmets, knee pads, and ropes, as well as guiding them through the cave in a responsible manner.
If you own and manage a cave tour company, or are considering starting such a business, you may turn your hobby into a profession - a dream come true, for many. Cave tour businesses also, meanwhile, face a multitude of risks, and that is why it is crucial to arm yourself with a comprehensive insurance plan.
What kinds of Cave tours insurance coverage might be needed? This brief guide offers answers.
Cave tours insurance protects your business from lawsuits with rates as low as $67/mo. Get a fast quote and your certificate of insurance now.
Below are some answers to commonly asked cave tour insurance questions:
- How Much Does Cave Tour Insurance Cost?
- Why Do Cave Tours Need Insurance?
- What Type Of Insurance Do Cave Tours Need?
How Much Does Cave Tour Insurance Cost?
The average price of a standard $1,000,000/$2,000,000 General Liability Insurance policy for small cave tour operations ranges from $67 to $89 per month based on location, features of cave, revenue, claims history and more.
Why Do Cave Tours Need Insurance?
Cave tour companies can, like any other commercial venture, fall victim to a wide variety of unplanned events. Some of these are uniquely related to the fact that you are in the business of guiding your customers through natural treasures, while others, which affect your office building, are common to nearly all companies.
Customers and employees alike may become injured during a cave tour, for example. Even if this happens due to circumstances entirely beyond your control, your company could be sued, resulting in significant legal defense costs. A vehicle could be involved in a traffic accident as you transport customers to a cave.
Your office space may, meanwhile, be affected by perils as varied as acts of nature (earthquakes, storms, and hurricanes, to name some examples), burglary, and vandalism. In this increasingly tech-savvy world, you likely store customer data electronically, and cyber criminals may target these records and appropriate credit card details.
Cave tour companies require top-notch insurance, simply said, because the perils covered here only scratch the surface. Without the correct coverage, any day you are in business is a risky one as you would be solely responsible for the resulting costs.
Armed with cave tours insurance policies - you can focus on improving your business without worrying that accidents and other unforeseen circumstances could force you to close at any time.
What Type Of Insurance Do Cave Tours Need?
Cave tour companies will need to carry multiple forms of insurance. The exact nature of your insurance needs depends on factors like the risk level of the caves you guide your customers through, the jurisdiction in which your company is located, the value of the equipment you depend on, and how many employees you have.
Because no two cave tour businesses are the same, consulting a commercial insurance agent is essential - they will be able to get you set up with coverage tailored to your specific circumstances. Some important examples of cave tours insurance types needed, however, are:
- Commercial Property: As a cave tour company, a large portion of your activities will take place within nature - but because you will still require an office, you do need commercial property insurance. This type of insurance covers a significant portion of the costs you will incur if your building or the assets inside are damaged or lost in perils that include acts of nature, vandalism, and theft.
- Commercial General Liability: This form of cave tours insurance covers third party personal injury and property damage claims that take place on your premises or as a result of your company's activities. It will help you manage attorney fees and settlement costs alike.
- Outdoor And Recreation: Since general liability insurance may not cover the costs associated with allegations of harm related to adventure or outdoor activities, cave tour companies should also investigate outdoor and recreation insurance.
- Workers Compensation: This type of coverage protects your financial interests if an employee is injured at work, by paying for their medical costs as well as any income they lose due to related work absences.
Cave tour companies should bear in mind that they may additionally need other kinds of coverage, including cyber insurance and commercial auto insurance. To find out what options best suit your individual needs, it is essential to partner with an experience commercial insurance specialist who understands cave tours insurance.
Cave Tours' Risks & Exposures
Premises liability exposures can be high in caves open to tourists, who can trip, slip or fall on steps, rough terrain or slick surfaces, hit their heads on protruding rock formations, or be hit by falling rocks.
Paths, steps, and railings should be maintained in good condition. Exits should be clearly marked. Emergency lighting should be available in the event of a power outage.
Parking lots and sidewalks need to be in good repair with snow and ice removed promptly. If there are boats, personal flotation devices (PFDs) must be provided. Underground caves are in remote areas not easily accessible to emergency assistance.
There should be a disaster plan in place for search and rescue missions. Sliding rock avalanches can occur underground, severely restricting the ability for a timely rescue.
Rapidly rising underground water is particularly hazardous and can result in drowning. Personal injury exposures include alleged discrimination, invasion of privacy, or wrongful eviction.
Products liability exposures can be high if the cave owner operates the concession stands. Employees should be trained in the proper handling of consumables to prevent foreign objects in food, food poisoning, or the spread of other transmissible diseases. If these are contracted out, the cave owner should verify that the operators have adequate liability coverage.
Workers compensation exposure is moderate. Caves are generally located in remote areas not easily accessible to emergency assistance. Slips, falls, insect bites, back injury from lifting, hernia, sprains, and strains are common. Guides can be injured by hitting their heads on protruding rock formations, falling objects, encounters with unruly guests, or drowning if there are underground water sources.
Exploration to expand the cave or develop new trails is particularly hazardous due to the added potential for rock slides or suffocation. Food preparation operations can result in cuts, scrapes, and burns. Cleaning and maintenance operations can result in lung, eye, or skin irritations and reactions.
Property exposure is generally limited to an office and waiting area for guests going on tours. Larger caves may have a concession stand or retail store. Caves are generally located in remote areas miles away from public firefighting resources. On-site protection such as a smoke detector, fire extinguishers, and fire alarm is recommended.
If there is a concession stand, all cooking equipment must be properly controlled. To reduce the exposure to vandalism, the premises should be protected against unauthorized access after hours. Extra precautions may be needed if the premises are unoccupied during the off-season.
Crime exposure is from employee dishonesty and money and securities. Background checks should be conducted on all employees handling money. If there is cash admission, retail store, or snack bar, money should be regularly removed from the cash drawer and moved to a safe area.
Irregular drops should be made to the bank to prevent a substantial accumulation of cash on premises. All orders, billing, and reimbursements should be separate operations.
Inland marine exposure is from special property floater and valuable papers and records for customers' and suppliers' information. The special property floater is needed for lighting, communication systems such as two-way radios, and other items used within the cave itself as standard property policies do not include underground property.
Accounts receivable will be needed if the cave bills customers. Computers may be used to track inventories. Contractors' equipment may be used to maintain the premises. Backups of all data should be kept off premises for easy restoration after a loss. If there are boats, separate watercraft coverage will be needed.
Business auto exposure may be limited to hired and non-owned for employees running errands. If there is transport, pickup, or delivery of customers, hazards may include operating vehicles off-road in rough terrain or during inclement weather. All drivers must have appropriate licenses and acceptable MVRs. Vehicles must be regularly maintained, and records kept.
Commercial Insurance And Business Industry Classification
- SIC CODE: 7999 Amusement And Recreation Services, Not Elsewhere Classified
- NAICS CODE: 712190 Nature Parks and Other Similar Institutions
- Suggested ISO General Liability Code(s): 41510
- Suggested Workers Compensation Code(s): 9016
Description for 7999: Amusement And Recreation Services, Not Elsewhere Classified
Division I: Services | Major Group 79: Amusement And Recreation Services | Industry Group 799: Miscellaneous Amusement And Recreation
7999 Amusement And Recreation Services, Not Elsewhere Classified: Establishments primarily engaged in the operation of sports, amusement, and recreation services, not elsewhere classified, such as bathing beaches, swimming pools, riding academies and schools, carnival operation, exposition operation, horse shows, picnic grounds operation, rental of rowboats and canoes, and shooting galleries. Establishments primarily engaged in showing or handling animals at shows or exhibitions are classified in Agricultural Services, Industry Group 075.
- Aerial tramways, amusement or scenic
- Amusement concessions
- Amusement rides
- Animal shows in circuses, fairs, and carnivals
- Archery ranges, operation of
- Baseball instruction schools
- Basketball instruction schools
- Bath houses, independently operated
- Bathing beaches, public
- Betting information services
- Billiard parlors
- Bingo parlors
- Boat rental, pleasure
- Boats, party fishing: operation of
- Bookmakers, race
- Bowling instruction
- Bridge club, nonmembership
- Bridge instruction
- Cable lifts, amusement or scenic: operated separately from lodges
- Canoe rental
- Card rooms
- Carnival operation
- Cave operation
- Circus companies
- Concession operators, amusement devices and rides
- Day camps
- Exhibition operation
- Exposition operation
- Fairs, agricultural: operation of
- Fireworks display service
- Fishing piers ant lakes, operation of
- Fortune tellers
- Gambling establishments not primarily operating coin-operated
- Gambling machines, except coin-operated operation of
- Game parlors, except coin-operated
- Games, teaching of
- Gocart raceway operation
- Gocart rentals
- Golf courses, miniature operation of
- Golf driving ranges
- Golf professionals not operating retail stores
- Golf, pitch-n-putt
- Gymnastics instruction
- Handball courts, except membership club
- Horse shows
- Houseboat rentals
- Hunting guides
- Ice skating rink operation
- Judo instruction
- Karate instruction
- Lifeguard service
- Lotteries, operation of
- Lottery club and ticket sales to individuals
- Moped rental
- Motorcycle rental
- Natural wonders, tourist attraction: commercial
- Observation tower operation
- Off-track betting
- Pack trains for amusement
- Parachute training for pleasure
- Picnic grounds operation
- Ping pong parlors
- Pool parlors
- Racquetball courts, except membership clubs
- Rental of beach chairs and accessories
- Rental of bicycles
- Rental of golf carts
- Rental of rowboats and canoes
- Rental of saddle horses
- Riding academies and schools
- Riding stables
- River rafting, operation of
- Rodeo animal rental
- Rodeos, operation of
- Roller skating rink operation
- Scenic railroads for amusement
- Schools and camps, sports instructional
- Scuba and skin diving instruction
- Shooting galleries
- Shooting ranges, operation of
- Skating instruction, ice or roller
- Skeet shooting facilities, except membership clubs
- Ski instruction
- Ski lifts, cable lifts, and ski tows operated separately from lodges
- Ski rental concessions
- Slot-car racetracks
- Sporting goods rental
- Sports instructors, professional: golf, skiing, swimming, etc.
- Sports professionals
- Swimming instruction
- Swimming pools, except membership
- Tennis clubs, nonmembership
- Tennis courts, outdoor and indoor operation of, nonmembership
- Tennis professionals
- Ticket sales offices for sporting events, contract
- Tourist attractions, natural wonder commercial
- Tourist guides
- Trampoline operation
- Trapshooting facilities, except membership club
- Waterslides, operation of
- Wave pools, operation of
- Wax figure exhibitions
- Yoga instruction
Cave Tours Insurance - The Bottom Line
To protect your operations, employees and customers, having the right cave tours insurance coverage is important. To learn what types of options are available to you, coverage, endorsements and costs - speak to a reputable commercial insurance broker.
Types Of Small Business Insurance - Requirements & Regulations
Perhaps you have the next great idea for a product or service that you know will appeal to your local area. If you've got a business, you've got risks. Unexpected events and lawsuits can wipe out a business quickly, wasting all the time and money you've invested.
Operating a business is challenging enough without having to worry about suffering a significant financial loss due to unforeseen and unplanned circumstances. Small business insurance can protect your company from some of the more common losses experienced by business owners, such as property damage, business interruption, theft, liability, and employee injury.
Purchasing the appropriate commercial insurance coverage can make the difference between going out of business after a loss or recovering with minimal business interruption and financial impairment to your company's operations.
Insurance is so important to proper business function that both federal governments and state governments require companies to carry certain types. Thus, being properly insured also helps you protect your company by protecting it from government fines and penalties.
Small Business Insurance Information
In the business world, there are many risks faced by company's every day. The best way that business owners can protect themselves from these perils is by carrying the right insurance coverage.
The The National Association of Insurance Commissioners (NAIC) is the U.S. standard-setting and regulatory support organization. Through the NAIC, state insurance regulators establish standards and best practices, conduct peer review, and coordinate their regulatory oversight.
Commercial insurance is particularly important for small business owners, as they stand to lose a lot more. Should a situation arise - a lawsuit, property damage, theft, etc. - small business owners could end up facing serious financial turmoil.
According to the SBA, having the right insurance plan in place can help you avoid major pitfalls. Your business insurance should offer coverage for all of your assets. It should also include liability and casual coverage.
Types Of Small Business Insurance
Choosing the right type of coverage is absolutely vital. You've got plenty of options. Some you'll need. Some you won't. You should know what's available. Once you look over your options you'll need to conduct a thorough risk assessment. As you evaluate each type of insurance, ask yourself:
- What type of business am I running?
- What are common risks associated with this industry?
- Does this type of insurance cover a situation that could feasibly arise during the normal course of doing business?
- Does my state require me to carry this type of insurance?
- Does my lender or do any of my investors require me to carry this type of policy?
A licensed insurance agent or broker in your state can help you determine what kinds of coverages are prudent for your business types. If you find one licensed to sell multiple policies from multiple companies (independent agents) that person can often help you get the best insurance rates, too. Following is some information on some of the most common small business insurance policies:
|Business Insurance Policy Type||What Is Covered?|
|General Liability Insurance||What is covered under commercial general liability insurance? It steps in to pay claims when you lose a lawsuit with an injured customer, employee, or vendor. The injury could be physical, or it could be a financial loss based on advertising practices.|
|Workers Compensation Insurance||What is covered under workers compensation insurance? This type of insurance protects a business and its owner(s) from claims by employees who suffer a work-related injury, illness or disease. Workers comp typically provides the injured employee with benefits to cover medical expenses, a portion of his/her lost wages, rehabilitation costs if applicable, and permanent partial or permanent total disability.|
|Product Liability Insurance||What is covered under product liability insurance? I pays an injured party's settlement or lawsuit claim arising from a defective product. These are usually caused by design defects, manufacturing defects, or a failure to provide adequate warning or instructions as to how to safely use the product.|
|Commercial Property Insurance||What is covered under business property insurance? General liability policies don't cover damages to your business property. That's what commercial property insurance is for. It protects all of the physical parts of your business: your building, your inventory, and your equipment, giving you the funds you need to replace them in the event of a disaster. If you work from home, you might consider a Home Based Business Insurance policy instead.|
|Business Owners Policy (BOP)||What is covered under a business owners policy (BOP)? This is a policy designed for small, low-risk businesses. It simplifies the basic insurance purchase process by combining general liability policies with business income and commercial property insurance.|
|Commercial Auto Insurance||What is covered under business auto insurance? This type of insurance covers automobiles being used for business purposes. This could include a fleet of business-only vehicles or a single company car. In some cases it might cover your car or your employee's car while they're being used for business. These policies have much higher limits, ensuring you can cover your costs if one of these vehicles gets into an accident.|
|Commercial Umbrella Policies||What is covered under commercial umbrella insurance? This type of policy is a sort of "gap" insurance. It covers your liability in the event that a court verdict or settlement exceeds your general liability policy limits.|
|Liquor Liability Insurance||What is covered under liquor liability insurance? It covers bodily injury or property damage caused by an intoxicated person who was served liquor by the policy holder.|
|Professional Liability (Errors & Omissions)||What is covered under professional liability insurance? This type of business insurance is also known as malpractice oe E&O. It covers the damages that can arise from major mistakes, especially in high-stakes professions where mistakes can be devastating.|
|Surety Bond||What is covered under surety bonds? Bonding is a contract where one party, the SURETY (who assures the obligee that the principal can perform the task), guarantees the performance of certain obligations of a second party, the PRINCIPAL (the contractor or business who will perform the contractual obligation), to a third party, the OBLIGEE (the project owner who is the recipient of an obligation).|
Who Needs General Liability Insurance? - Virtually every business. A single lawsuit or settlement could bankrupt your business five times over. You might also need this policy to win business. Many companies and government agencies won't do business with your company until you can produce proof that you've obtained one of these policies.
Business Insurance Required by Law
If you have any employees most states will require you to carry worker's compensation and unemployment insurance. Some states require you to insure yourself even if you are the only employee working in the business.
Your insurance agent can help you check applicable state laws so you can bring your business into compliance.
Other Types Of Small Business Insurance
There are dozens of other, more specialized forms of small business insurance capable of covering specific problems and risks. These forms of insurance include:
- Business Interruption Insurance
- Commercial Flood Insurance
- Contractor's Insurance
- Cyber Liability
- Data Breach
- Directors and Officers
- Employment Practices Liability
- Environmental or Pollution Liability
- Management Liability
- Sexual Misconduct Liability
Whether you need any or all of these policies will depend on the results of your risk assessment. For example, you probably don't need an environmental or pollution policy if you're running an IT company out of a leased office, but you would need data breach and cyber liability policies to fully protect your business.
Also learn about small business insurance requirements for general liability, business property, commercial auto & workers compensation including small business commercial insurance costs. Call us (855) 767-7828.
Additional Resources For Arts & Recreation Insurance
Read up on small business arts and recreation commercial insurance.
- Amusement Parks
- Archery Ranges
- Athletic Fields
- Billiard And Pool Halls
- Bowling Alleys
- Cave Tours
- Dance Studio
- Disc Jockey DJ
- Drive-In Theaters
- Entertainers And Performers
- Event Planning
- Fairs And Fairgrounds
- Film Production
- Fine Art
- Guides & Outfitters
- Handball & Racquetball Courts
- Horse & Dog Racetracks
- Indoor Sports Complexes
- Interior Decorator
- Interior Design
- Motorsports Racetracks
- Photo Booth
- Recording Studio
- Recreation Centers
- Riding Stables
- Roller Sakting Rinks
- Shooting Ranges
- Skeet & Trap Shooting Ranges
- Ski Resorts
- Talent Agency
- Tennis Centers
- Video Arcades
- Wedding And Special Event
Commercial insurance policies for arts, entertainment and recreation are specialized policies that protect against the unique risks that arts and recreation businesses face.
Performing artists and companies, entertainers including musical groups, theatre groups, comedians and more, writers, performers, photographers, videographers, DJ's and so many other types.
Professional liability coverage (errors and omissions) is needed in these cases to protect their financial interests due to mistakes, errors or omissions by these professionals in doing their jobs. Fr example - a bride and groom did not like the way their wedding photos turned out.
Or a wedding planner might plan a lavish wedding, but the bride's parents who are paying for it did not like the way it went. There is a lot of gray areas with arts, and you need to be protected if your clients don't agree with you that your work was what the agreed to.
If your business is involved with children, you need to review your coverages very carefully so certain important protections are not excluded. Abuse and molestation insurance might be needed to fully protect yourself in this instance.
Minimum recommended small business insurance coverage: Business Income with Extra Expense, Employee Dishonesty, Money and Securities, Accounts Receivable, Commercial Articles Floater, Computers, Valuable Papers and Records, General Liability, Employee Benefits Liability, Umbrella Liability, Hired and Non-owned Auto Liability & Workers Compensation.
Other commercial insurance policies to consider: Building, Bailees Customers Floater, Money and Securities, Cyber Liability, Employment-related Practices Liability, Business Auto Liability and Physical Damage and Stop Gap Liability.