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29 Jul Insurance for the Outdoor Recreation Industry
If you, as an insurance producer, are not already providing your clients with outdoor recreation coverage, it’s something you should consider. Here’s why you should think about offering insurance for the outdoor recreation industry:
The Numbers Behind Outdoor Recreation Participation
The Outdoor Recreation Satellite Account (ORSA) of the US Department of Commerce’s Bureau of Economic Analysis shows that the outdoor recreation economy is growing, by 1.7% in 2016, a faster rate than the 1.6% growth rate of the overall economy. It’s a lucrative field in which to work, especially when you look at the numbers of Americans who are interested in outdoor recreation. The Outdoor Industry Association participation report for 2018 indicates almost half of the population ages six and over participated in an outdoor activity at least once the year prior, continuing a three-year growth trend.
Covering Your Clients with Prime Insurance Company
Looking at the steady growth of the outdoor recreation industry, it follows that those offering outdoor recreation activities would want to ensure that they have appropriate insurance for the outdoor recreation industry. Similarly, participants in outdoor recreation activities may want to carry their own coverage as well, to cover anything the recreation company doesn’t handle. As an insurance producer, this is an excellent opportunity for you to move into a new niche and write more business.
Here at Prime Insurance Company, we are well-known for our partnership approach. We know that not every client fits into the same cookie-cutter, especially in a field like outdoor recreation where personal details and individual endeavors and challenges have such an impact on how a quote turns out.
We look at each scenario and aim to be as flexible and communicative as possible, so you and your client know what we’re doing and why. The goal is to meet unique needs so you can write more business and your clients can enjoy more peace of mind.
Of course, for industry professionals, there are unique exposures that come with the outdoor and recreation industry. Someone offering rock climbing is going to need very different insurance from someone selling shoes, for instance. We work hard to find insurance solutions, even if an activity has been deemed too risky by other insurers. If you’re working with a client who has been turned away in the past, we may be able to provide a solution — just get in touch with us to find out how we can help.
Read on to find out more about outdoor recreation activities and insurance for the outdoor recreation industry.
Outdoor Recreation Activities We Cover
If it’s a fun outdoor activity, it’s likely to be something Prime Insurance Company will cover for your clients. We want to partner with you to increase the markets you can offer to your clients.
Here’s what we will cover:
- Hiking and camping
- Hunting and fishing
- Snowsports: skiing, snowboarding, snowmobiling, heli-skiing, etc.
- Avalanche control
- Water sports (canoeing, rafting, boating, jet skiing, wakeboarding, etc.)
- ATV/UTV tours and rentals
- Hot Air Balloons
- Rock Climbing
- Ice Climbing
- Special Events
- Outdoor and recreation rentals
- Guided tours
If you don’t see something listed but have a client looking for coverage, reach out and ask us.
Getting Started with Prime Insurance Company and Insurance for the Outdoor Recreation Industry
Write more business today! With our convenient online form, you can quickly start the inquiry process and to receive a quote.
Of course, we’re happy to work with you in any capacity. If you want to know more about outdoor recreation insurance or are ready to explore other ways you can write more business, we’re here to talk. Give us a call at 801-304-5500 or firstname.lastname@example.org with your inquiries, or check out our contact page. To keep up with what we do on a daily basis, be sure to follow us on Facebook, LinkedIn, and Instagram.
We look forward to working with you and helping you make more money and reach new success with the ability to cover clients’ outdoor and recreation insurance needs.