What is glamping? Is glamping insurance a thing? And how does it all impact you as an insurance producer? We’re here with the answers to all of these questions and more.
Glamping or glamorous camping is growing in popularity and is expected to reach a market size of $5.41 billion by 2028. This means that glamping, and specifically partnering with an insurance company offering specialty insurance, can be lucrative.
As an A-rated excess and surplus lines insurance company, we know all about finding solutions for specialty risks. Glamping insurance is a thing, and when you partner with our team at Prime Insurance Company, you can provide it to your clients and write more business.
Understanding Glamping
Glamorous camping — what exactly is it? Glamping usually comes in the form of well-appointed tents, yurts, pods, or other covered structures. Glampers get all of the benefits of a luxury hotel, with all of the adventure and nature of camping.
Glampers enjoy amenities, comfort, and security in unique and picturesque settings. Some glamping companies offer the site and the amenities, with glampers bringing their own RVs and equipment. Others are full-service companies, handling every aspect of the trip.
Glamping Risks and Liabilities
Along with the usual risks and liabilities of hospitality, there are some unique risks to camping and glamping. For instance, if people bring pets while camping, there may be issues of property damage or injury, on the part of the company/site or the individual. Companies offering alcohol will have liquor liability to contend with as well. Facilities and amenities like fire pits/rings, playgrounds, natural gas or propane service, showers and bathhouses, swimming pools, spas, and other water areas, all come with risk.
While everyone involved with glamping wants to have a good time, as with any fun activity, things can always go wrong. With glamping on the rise, it’s a lucrative industry, but one that needs careful attention to liability. Otherwise, companies/sites and/or individuals face potential lawsuits. As just one example, look at this lawsuit against a camp resort, where a young child died in the campground pool. The plaintiff is seeking $7.5 million in damages, showing how extensive these suits can be.
Securing Glamping Insurance
We can provide insurance to individuals who go glamping, covering any special equipment (including RVs!) that they bring. We can also cover glamping sites or hosts, which means you have ample opportunity to break into the glamping industry.
There are various forms of insurance that glampers and glamping companies need. One of the key coverages is property damage, which gives protection against environmental damage, malicious damage, or accidental damage. This could be damage to glamping equipment — company or individual — contents, tools and equipment, and anything else included in the policy.
Other forms of coverage can be helpful for glamping companies, like liability coverage for activities, general liability insurance, inland marine, and auto insurance. An umbrella policy can also ensure peace of mind. We recognize that every company and every situation is unique, which is why our underwriters tailor coverage to each policyholder.
Working with Prime Insurance Company, you can also expect top-notch risk management services. We believe that prevention and being proactive is key, which is why our risk management team works with each insured to identify and reduce hazards. Of course, claims are a possibility, as are lawsuits, and we have in-house teams to handle those areas as well.
Our approach is based on partnership, both with insurance producers and with your clients. To learn more or to get a quote for your clients, please reach out. Call us at 800-257-5590 or email info@primeis.com.
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Authored by Rick J. Lindsey, CEO, President, and Chairman of Prime Insurance Company
Rick J. Lindsey hails from Salt Lake City, Utah. He began working in the mailroom of his father’s Salt Lake City insurance firm, getting his introduction to the business that became his lifelong career. Lindsey quickly rose through the ranks while working in nearly every imaginable insurance industry job. As an entrepreneur, specialty lines underwriter, claims specialist, risk manager, and a licensed surplus lines broker, Rick Lindsey is highly skilled in all levels of leadership and execution. As he progressed on his career path, Rick discovered an urgent need for insurers willing to write policies for high-risk individuals and businesses. He was frequently frustrated that he could not provide the liability protection these entities desperately needed to safeguard their assets. He also formed the belief that insurance companies acted too quickly to settle frivolous claims. Lindsey decided to try a different approach. He started an insurance company and became the newly formed entity’s CEO. This opportunity has enabled Rick to fill a void in the market and provide a valuable service to businesses, individuals, and insurance agents who write high-risk business. Prime Insurance also specializes in helping individuals and businesses who live a lifestyle or participate in activities that make them difficult for traditional carriers to insure. If you’ve been denied, non-renewed, or canceled coverage, don’t give up quite yet. Chances are Prime Insurance can help.
