Oklahoma Golf Course Insurance

Golf courses are a hub of activity, with golfers of all skill levels enjoying the sport, groundskeepers maintaining the course, and events held throughout the year. With so many moving parts, it's important for golf course owners to have the right insurance coverages in place to protect their business from potential financial losses.

Insurance Types for Oklahoma Golf Courses

Golf course insurance is actually a bundle of several policies intended to protect the company's grounds, employees, equipment and bottom line. Below we cover the various insurance policies available for Oklahoma golf courses and what they cover.

Oklahoma Golf Course Liability Insurance

General liability insurance covers the business in the event of a lawsuit brought against them by a third party for bodily injury or property damage. This type of insurance covers incidents such as a golfer being injured by a stray golf ball or a guest slipping and falling on the course.

Without liability insurance, golf course owners could face significant financial losses in the event of a lawsuit. Liability insurance can cover legal fees, settlements or judgments, and medical expenses for the injured party.

Oklahoma Golf Course Property Insurance

Property insurance is designed to protect the physical property of the golf course. This includes the clubhouse, carts, equipment and the course itself, and can cover losses due to natural disasters such as fires, floods or severe weather, as well as theft or vandalism.

Without property insurance, businesses would be responsible for repairing or replacing damaged property out of their own pockets, which could be a significant financial burden. Property insurance can help golf course owners after a loss.

Oklahoma Golf Course Workers' Compensation Insurance

Workers' compensation insurance is a type of insurance that covers employees who are injured on the job. Some golf course jobs can be physically demanding, involving heavy lifting or pulling and putting workers at higher risk for strains, sprains and repetitive stress injuries.

Work comp insurance is required by law in nearly all U.S. states, and failure to have this coverage in place can result in hefty fines and penalties. This type of insurance covers medical expenses, lost wages and disability benefits for injured employees. In most cases, Oklahoma employers are required to carry workers’ compensation insurance, regardless of whether their employees are full-time or part-time. If you don't have coverage, you could face a misdemeanor charge and fines.

If you hire independent contractors, they may waive coverage by completing an “Affidavit of Exempt Status." But both the independent contractor and the principal employer can be held liable for an uninsured subcontractor’s employees. So, make sure to ask the subcontractor to show proof of coverage before hiring them.

When purchasing a policy, you can contact any insurance agent or carrier licensed to write in Oklahoma. The insurance carrier calculates the final premium cost based on the set rate, your company’s payroll, and any additional credits or debits applied. It's important to understand the requirements and regulations for workers’ compensation in Oklahoma to keep your golf course running smoothly.

Oklahoma Business Owner's Policy (BOP)

A business owner's policy (BOP) is a package policy that combines general liability and property insurance into one policy. This can help golf course owners save money on their insurance premiums while still maintaining comprehensive coverage.

A BOP typically includes general liability insurance, property insurance and business interruption insurance. This type of insurance can cover incidents such as slip and fall accidents, damage to the clubhouse, and lost income due to other unexpected events.

Umbrella Policy for Oklahoma Golf Course

Umbrella insurance is designed to provide additional liability coverage beyond the limits of a primary insurance policy. Umbrella policies can provide additional coverage for bodily injury, property damage and personal injury claims. This type of policy can help Oklahoma golf course owners protect their assets and avoid potentially devastating financial losses in the event of a lawsuit.