Insights and tips on how to protect your adventure sports business, giving you and your guests peace of mind.
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?
When most of us sit behind a wheel every day, it’s easy to forget about the risks that come with operating motor vehicles. That’s why a tailor-made insurance policy to protect against the hazards specific to your business, including concerns that are off the beaten path such as MedPay, is a necessity.
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.
800.615.8418 | email@example.com
1504 8th Street | Lewiston, ID 83501
Monday - Friday | 8:30 a.m. - 5 p.m. (PST)
CBIZ Sattler Adventure Sports Insurance, a division of CBIZ Insurance Services, Inc., is the largest insurer of adventure sports businesses in the United States. As part of an $850 million New York Stock Exchange traded company (CBZ), we developed a policy coverage to meet the needs for those in the recreation and outfitting industries. Our policy is underwritten by an A.M. Best Rated A++ (Superior) company.
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