Insights and tips on how to protect your adventure sports business, giving you and your guests peace of mind.
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.
When insuring your outfitter and guides business, you have probably had questions regarding 1099 guides. Oftentimes, 1099 paperwork can be difficult to understand and extremely complex. It’s always best to consult with an attorney and accountant before structuring your staff and how to handle workers’ compensation laws.
Waivers are required for any outdoor business where participants could be at risk while partaking in the sport. It doesn’t matter if you own a hiking business, white-water rafting company, or operate a fishing charter, having your customers complete a liability waiver before participating is a must.
The world of outfitters and guides is extremely unique from most businesses. You are always pushing limits and providing your customers with the most fun they have had in ages. Each adventure is full of thrill and excitement. However, unforeseen events can occur and leave you without income or equipment for a period of time.
In part 1 of our series, Business Survival Plan: Guide to Finance, we focused on how to be financially secure during a crisis. Part 2 is about contingency planning to help you prepare for unexpected events minimizing their impact on your business.
Our first article in this two-part series will highlight the steps toward financial preparedness during a crisis. Whether it is a second wave of COVID-19, a natural disaster, or any number of other emergencies that may temporarily shut down your adventure sports business, it is always important to be prepared.