Recreational businesses cater to various customers looking to purchase experiences rather than material goods, a trend that has seen this industry thrive. However, the operational risks involved in this kind of business can expose you, the business owner, to various liabilities. To mitigate these risks, consider getting recreational insurance. Whether you need to purchase a new or revise an existing policy, we’re here to help at Janis-Shunta Insurance in Muskegon, MI.

Risky Business

Running a recreational business inherently comes with a higher risk of accidents. Businesses that offer activities like rock climbing, hiking, skydiving, sports, biking, boating, and many others must consider these risks and protect themselves with recreational insurance. It’s an essential measure to safeguard the business against potential financial liabilities. Despite the level of caution undertaken, accidents can occur during any activity, resulting in injuries.

The Cost of Accidents

Accidents that occur during a recreational activity can lead to substantial costs. For a small business, these costs can pose a severe financial threat. Medical bills are usually the first expense and can ramp up quickly. But they’re not the sole cost. Other potential financial burdens are legal fees, lost wages, ongoing therapies, and other assorted expenses. Without recreational insurance, your business stands responsible for settling these costs out of pocket. However, with recreational insurance, the insurance company handles these bills.

Get Recreational Insurance

If you operate any recreational business, securing this coverage becomes necessary for your company’s protection. When you’re ready to take up a policy, contact us at Janis-Shunta Insurance in Muskegon, MI.