Insights and tips on how to protect your adventure sports business, giving you and your guests peace of mind.
The implementation of workplace safety measures and AI advancements have reduced employee injuries and associated workers’ comp claims. However, inflation, shifting workforce demographics and employee mental health challenges have raised some market concerns.
Adventure sports businesses regularly face several risks that could necessitate a temporary shutdown or reduction of operations, both of which can have devastating effects. Business interruption insurance can play a key role in ensuring operations resume following a catastrophe.
Waivers are required for any outdoor business where participants could be at risk while partaking in the sport. Your customers will probably give this paper a quick skim and sign it without reading too much into it since they most likely know what they’re getting into.
EVSE stations can increase employee retention, improve your image and help you meet sustainability goals. As electric vehicle technology continues to advance, you must carefully weigh the potential benefits and costs of EVSE stations at your business.
Whether your employees are close to retirement or have decades left, saving for retirement is a key component of their financial security. Offering a 401(k) account or other retirement benefits as part of your benefits packages can increase employee loyalty and be a great recruitment and retention tool.
Fall is a great time to start thinking about preparing your building for winter weather. Nature is unpredictable, so don’t wait. Fortunately, simple inspections and improvements to your commercial property can prevent costly winter-related insurance claims.
Financial stress can be a burden, but it can also negatively impact your mental health. During this period of increased inflation, it is especially important to understand the relationship between financial and mental wellness so you can apply strategies to help you improve both areas of your life and your business.
Many adventure sports owners assume that their business is too small to be threatened by employee theft, or that all their employees are honest and loyal. Unfortunately, investigations into employee theft clearly indicate that it occurs much more frequently than employers realize.
Many business owners are distressed when they file an insurance claim given that these claims typically follow a devastating event such as a fire, disastrous weather, or a guest injury. To help you file a claim with ease, we’ve compiled some useful information to make the best of this trying experience.
To help you get started, here’s a list of the top threats facing adventure sports business owners. As you read through, consider the unique risks facing your business and ask yourself whether those risks are being managed effectively.