Outdoor Pursuits is a catch-all description for a large number of leisure activities that take place in the outdoor arena. This can be anything from hiking and mountaineering would include more leisurely activities such as fishing.
Comprehensive Outdoor Pursuits Insurance is specifically designed for those businesses involved in either one or more activities deemed to be Outdoor Pursuits. Obviously, the extent and range of insurance cover required by an individual business, will depend on the range of activities undertaken by that business. Outlined below are some of the more essential types of insurance that should be included in your overall Outdoor Pursuits policy.
Public Liability Cover
Many outdoor pursuits are considered to be in the high-risk category, which can mean that the likelihood of a participant becoming injured is somewhat higher than normal. Therefore the main consideration for any Outdoor Pursuit business, would be the provision of Public Liability Insurance, to ensure protection for claims made against them relating to injury by clients or possible damage to third-party property.
One of the hidden costs in defending such a claim are the legal costs that may be incurred. It is therefore best to include an item for Legal Expenses to take care of these costs.
Employers’ Liability Cover
As an employer, there is a legal responsibility for injury to employees or damage to their property, which may have occurred during their normal course of employment. Obviously the number of employees will vary from business to business but the possibility of a claim by an employee against an employer, should never be underestimated, particularly since statistics show that the number of such claims has been rising rapidly.
If the business is fortunate enough to own its own property, then insurance for loss against damage by Fire, Storm, Flood and possibly Accidental Damage would be essential for that business.
However most enterprises are not in this position and would therefore rent space in a building, in order to store outdoor equipment and materials, as well as possible office and computer equipment used in order to administer the business.
Business Interruption Insurance
By definition, the activities of an Outdoor Pursuit business do not take place inside a building. However if essential equipment used in those activities is damaged whilst stored within the building or critical computer records necessary to the running of the business become similarly damaged, the businesses ability to continue trading whilst these items are replaced may become seriously impaired.
Business Interruption Insurance can help to indemnify the business in relation to increased costs incurred in order to maintain the ability to trade. Such costs could relate to the hiring of alternative equipment whilst the original is replaced, or even the costs of recreating those essential computer records which were previously damaged.