Insights and tips on how to protect your adventure sports business, giving you and your guests peace of mind.
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.
From fires to floods, earthquakes to hurricanes, disaster can strike anytime, anywhere, and often with little to no advance warning. Here are our best tips for keeping your adventure sports business prepared for disastrous weather.
Automobile accidents expose your business to liability risks, legal expenses, increased insurance premiums and elevated workers’ compensation rates. Regardless if your business leases for single usage or owns a fleet of commercial vehicles, adhering to the following guidance could help you reduce auto claims.
Selecting the right structure for your outfitter business is important. As an owner, you may be trying to determine the right business framework for you — likely either a sole proprietorship or limited liability company (LLC). For many adventure sport owners, minimizing risk is top of mind, and an LLC is a way to gain added protection in addition to insurance.
Adventure sports workers have a high risk for injuries while in the field. Your employees day-to-day in the office is nothing compared to those who work “desk jobs”. Protection for your team and strong insurance coverage that offers workers’ compensation is a necessity.
As an employer, your priorities include making your team feel valued and successfully managing your business. Unfortunately, even with best practices for staff relationships, employment practices liability (EPL) risks remain. Along with securing EPL coverage, staying current with market trends will provide your organization with the necessary information needed to respond appropriately and make coverage adjustments.
Research from technology solutions provider Datto indicates that 20% of ransomware victims are small and mid-sized businesses. These attacks create massive business interruptions and can lead to significant reputational harm for the impacted business, ransomware attacks are particularly damaging. Luckily, there are ways to protect you and your adventure sports business from these potential threats
As an employer, it’s something you hope will never happen – a claim of discrimination, harassment, wrongful termination or any other employment-related claim. But if it does, is your adventure sports business protected?
Each whitewater rafting operation is unique with different insurance needs, just like the class of the river varies by the water and obstacles surrounding it. At CBIZ, we are lucky to have a team well-versed in outdoor adventure. Our VP of Sales, Chris Frazee brings an extensive adventure sport background, having spent 18 years working for a raft manufacturer and being a former river guide in Idaho.