During our breaks, BMR Insurance loves to go out to the driving range and have a couple swings at the tees. Although owning a golf course is not something in our future (or immediate future, at least!), going out to the driving range gets our minds rolling and thinking about insurance for large public spaces and amenities.
Most people take for granted the tedious processes needed to properly insure public spaces and facilities. Movie theatres, playgrounds, public parks—all of these places need to be properly insured in the event of liabilities such as injured patrons, or vice versa if patrons inflict damage upon the property. Golf courses are, of course, included in this category, and since it is such a large-scale facility, we wanted to delve into how much it really takes to insure a place like a golf course.
Think about how big a golf course is, and how much maintenance is needed to upkeep the facilities. The perpetually manicured lawns, vehicle maintenance for golf carts, management of staff members for the country club—all of the above and more are subject to insurance premium coverage such as property insurance, liability insurance, worker’s compensation, automobile insurance. Not only that, but there are a lot of various, minute factors when assessing insurance policies for golf courses. Take, for example, the location of a golf course. If it is located nearer to fire stations or any facility that provides fire protection, then any claim made for fire damage or injury will be lower than for a facility located in a remote area. If the golf course is near high-traffic roads, then issues such as stray golf balls injuring passersby is a major concern.
As you can see, there are a lot of factors when insuring a large public facility such as a golf course. There are so many potential situations for liability or loss and damages, so it is imperative that management for these facilities thoroughly assess the insurance coverage. So next time you’re out scoring some hole-in-ones or even just walking around a park, think about how much work went into insuring that area.
Do you have a large or public space that needs insurance? Contact BMR Insurance and we can help you find a policy that will ensure adequate coverage. Or, if you simply need a free insurance consultation, we will be more than happy to help you. Just call (714) 838-1911 or visit our website at bmrins.com.
BMR Insurance has discussed preventable liability losses in the event of a natural disaster, such earthquake insurance for homes and offices, but now we would also like to cover disaster preparedness at its most basic level. Earthquakes and other nature-imposed tragedies will inevitably cause financial turmoil, but it is important to think of what you would do in the moment to survive, not just what you need long-term in order to protect your assets.
