Holiday Club Insurance + Risk Assessments: What You Need To Know

Holiday Club Insurance

What should my insurance cover?

Before we dive into the specifics, let's start with the fundamentals. Holiday club insurance is a safety net that provides financial protection in those unexpected moments when accidents or unforeseen events occur during your camp activities. Whether it's an injury to a child, damage to property, or any other unforeseen circumstances, having the right insurance coverage can be a lifesaver.

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Here are some common risks to take into consideration for insurance purposes:

• Injury to a child attending your camp
• Accidental damage to a child’s belongings 
• Injury or illness of one of your employees
• Accusations or claims of misconduct or professional negligence
• Damage to property you may need to run the camp
• Sensitive and personal data being leaked or stolen
• Misappropriation of camp funds

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Many of the above risks can be covered by your camp insurance policy, keeping you and camp-goers safe. There are several types of coverage that holiday clubs should consider in order to protect themselves, employees and camp kids. These are some popular things you might want your insurance to cover:

• Public Liability Insurance: This type of insurance shields your camp from unexpected expenses arising from injury to a member of the public or damage to their property. In the unfortunate event that a third-party holds your camp responsible and decides to pursue legal action, your insurance coverage steps in to manage and cover all associated legal costs. 

• Equipment Coverage: This coverage shields your equipment against potential threats, such as loss, damage, or theft, ensuring that your camp can continue to function smoothly without disruptions.
• Professional Indemnity Insurance: An important layer of protection for your business, similar to Public Liability. However, it goes beyond physical injury or property damage and extends to cover professional advice provided by your business or team.
• Employers' Liability Insurance: This coverage is not just a legal requirement; it's a crucial component of responsible business operations. It ensures that in the unfortunate event of a staff member attributing injury or property damage to your business, the insurance coverage steps in to manage the associated liabilities.

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Choosing the right insurance provider for my camp

Choosing the right insurance provider for your holiday club is akin to finding the perfect teammate. Luckily, you have the choice of an array of great providers that specialise in holiday or sports club insurance. It’s a good idea to get quotes from a few different providers before you make your decision. Here are some tips to help you make an informed decision:

• Research different insurance companies and compare their policies.
• Look for providers experienced in insuring holiday clubs.
• Read customer reviews to gauge satisfaction levels.
• Consider factors like coverage limits and premiums.
• Choose an insurance provider that offers coverage of the risks you know are associated with your activity type.

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In the world of insurance, one size does not fit all. That’s why it’s so important to check what is covered by your insurance policy. Remember to customise your insurance plan to suit your club's unique needs and risks.

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Another consideration when picking a provider is the cost. The best insurance policy for your holiday club might have a different cost to your friend’s holiday club, and that’s okay! Your coverage has to be just as unique as your holiday club. It is important to remember that insurance is a crucial investment in your club's future. While it may seem like an additional expense right now, effective budgeting can help you manage costs without compromising coverage. Remember that the peace of mind it provides is invaluable!

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[.pink__text]Top Tip: Insurance should be included in your overheads in your financial reports. Read our Checklist for Financial Planning blog for more information on how to conduct a financial check on your holiday club.[.pink__text]