CBIZ Sattler Adventure Sports Blog

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.

Having outdated technology at your outfitter can negatively impact your business. Any transaction made online is an attractive target for major cyberattacks. To protect your network and keep your business profitable, it is critical that you understand the risks you face. It may even be time to upgrade a few of your systems.

We thought we were heading into calmer waters after a significant reduction of COVID-19 cases. Now, news outlets are talking about inflation and the possibility of a recession. While we’ve already experienced inflation through gas prices and wages, what else do adventure sports outfitters need to prepare for?

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.

Thanks to satellite communicators, you and your guides can embark on any journey without the fear of losing reception. Satellite communicators can send and receive messages due to the network of satellites orbiting above planet Earth. Here are a few benefits to owning a satellite communicator so you won’t be saying, “10-7 Out of service. Leaving to the air.”

Offering employee benefits can be extremely beneficial to your adventure sports business. Though they may sound complicated or even expensive, they have the ability to improve several areas within your business such as hiring and retaining employees. The process of selecting, implementing and administering a benefits program can take time, however, once you get it right, it can actually help you in more ways than one.

If your business employs individuals who are vital to its success, key-person life insurance or key-person disability insurance can help protect you from chaos caused by their abrupt absence. These insurance solutions can give your organization options other than immediate bankruptcy should you lose your company’s key person or people without warning.

Depending on the specific type of store you manage and the items you offer, there are several exposures to consider, including risks related to property and product liability, crime and business continuity. Below provides an overview of these risks and more—helping you identify potential blind spots in your risk management and insurance programs.