More and more people are trying to live healthier and become more active. Many activities that individuals and families are engaging in are being enjoyed in the great outdoors. Activities that continue to grow each year include zip lines tours, challenge courses, climbing walls, and other guided tours such as hiking, mountain biking, mountain climbing, and camping.
With all of these activities come some inherent dangers ranging from sprained ankles to head injuries and even death. Injuries seen in the outdoor recreation industry generally include things like hands getting cut on zip lines, breaking a leg during a skydive landing, or falling off a climbing wall and becoming paralyzed. If an outdoor industry business does not have the proper insurance to cover these unique types of exposures, it could mean devastating losses.
A basic outdoor recreational general liability insurance policy would provide coverage for bodily injury and property damage that the business owner becomes legally obligated to pay. Businesses need to make sure that their insurance is right for their specific industry and services. Without knowing exactly what an insurance policy covers, a business could be left open to unnecessary and expensive lawsuits in this litigious society.
Common coverages related to the outdoor recreation industry include:
- General Liability
- Personal and Advertising Injury
- Equipment Coverage (Inland Marine)
- Property Coverage (including zip lines and challenge courses)
With outdoor recreation being such a unique industry it is difficult to find just any insurance company that writes policies designed to cover outdoor recreation-specific exposures. Another aspect imperative to smooth operations in the outdoor recreation industry is good risk management. Without managing the everyday risks associated with outdoor activities, businesses risk increased premiums and higher chance of a lawsuit or claim. Simple changes and tools can be utilized to prevent accidents, and some insurance companies can provide such risk management tools along with a policy.
At Veracity we have worked side by side with insurance companies to create programs that are specific to the outdoor recreation industry. We made sure that these policies cover what the outdoor industry needs to protect their business. But we don’t stop with just the insurance; we provide powerful risk management tools to help keep operations running smoothly to reduce the chance of an incident even occurring. Contact us today for more information.