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.
Preparing for the busy season takes serious work. As a seasonal business owner, it may feel like a massive undertaking in a short amount of time. Whether you own a whitewater rafting business in Idaho or you’re taking groups through the beautiful Utah landscape by foot, here are a few tips to help prepare your outfitter business for its best season yet.
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.
The uncertainty of COVID-19 has left adventure sports owners at an elevated risk for employment-related exposures and claims, including wrongful termination, discrimination and retaliation. The following insights address the most common of these risks and how to limit future risks.
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.
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?