Canada is world-renowned for its fishing lodges. Set in truly spectacular locations which span British Columbia in the West to Newfoundland & Labrador in the East, fishing lodges are part of the Canadian outdoor experience and provide some of the most breath-taking and awe inspiring places to fish in the world. Some are luxurious and cater to events from weddings to corporate functions while others are small pioneering cabins hiding in the heart of our country’s extraordinary landscape.
Wherever the fishing lodge is and however simple or deluxe it is, it needs to be insured. Fishing lodges have particular coverage needs and if you don’t put the right policies in place, the owners could find themselves paying out of pocket if things don’t go as planned.
We’ve outlined some of the issues and coverage you’ll probably need as a fishing lodge owner below. Axis Insurance has a number of clients who are owners of fishing lodges, so we understand the issues and challenges you face – as well as the likely risks you need to cover with insurance. The team at Axis will be able to advise you on policies as diverse as property and commercial general liability to hull and machinery insurance and liquor liability.
Fishing Lodge Insurance coverages include:
- Property – Coverage for buildings, floats and contents
- Business Interruption – Coverage for loss of income and ongoing expenses when the insured premises becomes uninhabitable due to an insured loss. As many lodges’ operating seasons are only a few months long, business interruption insurance is vital.
- Property in Transit – Coverage for supplies and/or other property while in transit. Many lodges require supplies be delivered throughout the year
- Commercial General Liability – Coverage for accidental 3rd party bodily injury and/ or property damage for which you are legally liable
- Liquor Liability – There is an added exposure when alcohol is being consumed on the premises. Are you providing liquor and is it allowed on the boats?
- Hull & Machinery – Property insurance for the boats
- Protection & Indemnity – Dedicated liability policy to respond to claims arising out of the operation of your boats
- Non-Owned Aviation – Many remote lodges deliver guests by float plane or helicopter. This may create a legal liability exposure for the lodge that will not be covered by a standard liability policy
- Pollution – Although highly regulated by Environment Canada, the nature of the business involves fuels, lubricants and chemicals which could result in a pollution claim
- Tower’s Legal Liability – Many floating lodges are towed to protected bays in the off season. There may be no coverage for damage resulting during a tow if the tugboat operator does not carry tower’s legal liability
- Trading warranty – Marine policies restrict where an insured boat may operate. Coverage would be void if a claim were to arise from the operation of a boat outside the trading warranty
Interested in more?
Download this PDF for more information.