Aegis Blog

Is Outdoor Sports Insurance Right for Your Business?

Is Outdoor Sports Insurance Right for Your Business?

The outdoor recreation industry is thriving with profitable business models including manufacturing and sales of gear, apparel, and accessories, rentals and lessons, guided tours, and equipment repair, to name a few. The variety of business models in the outdoor recreation industry means there’s many ways to turn a profit, but there’s one thing that most businesses have in common -- the right outdoor sports insurance. Here’s what you need to know about outdoor sports insurance and how it can benefit your specific industry niche. What is Outdoor Sports Insurance? Any commercial business ...
How Festival Insurance Helps Summer Music Fests Cash In

How Festival Insurance Helps Summer Music Fests Cash In

Summer music fests are big business. In 2016, Desert Trip festival grossed more than $160 million and Coachella Valley Music & Arts Festival brought in over $94 million. Even smaller gatherings are bringing in profits for both performers and organizers. But music festivals also come with a large amount of risk. For organizers to really cash in, they need to avoid Fyre-like disasters and have the right amount of festival insurance in place. In an ideal scenario, festival organizers and risk experts are able to identify and remove every possible ...
Protecting Your Business Against the Most Common Insurance Claims

Protecting Your Business Against the Most Common Insurance Claims

If you’re like most business owners you want to maximize your profits and minimize the risks you take. As your business grows you may implement certain processes to help you operate more efficiently, such as lean inventory principles or an agile approach to working with clients. One of the easiest things you can do to maximize your cash flow, however, is to be sure you’re carrying the right amount of commercial insurance for your business needs. But how much is enough? Your insurance needs will vary depending on your specific industry, ...
How to Risk Proof Your Bike Shop During The Summer

How to Risk Proof Your Bike Shop During The Summer

Summer season is when bike shops thrive. Longer days and warmer weather bring increased traffic and sales to your shop, but it can bring increased risks, as well. Here’s how to risk proof your bike shop this summer. Beat the Heat Summer temperatures can soar up to triple digits and that means a greater chance for heat-related illnesses and heat stroke. Your employees are outside leading skill shops, giving lessons, and hosting bike camps which means they’re out in the elements. A heat-related employee illness can lead to a workers’ comp ...
Outdoor Recreation Brings Big Opportunities for Outdoor Brands and Businesses

Outdoor Recreation Brings Big Opportunities for Outdoor Brands and Businesses

Whether you’re a seasoned pro in the outdoor industry or exploring the idea of creating an outdoor recreation brand or business, you couldn’t pick a better industry. The Outdoor Industry Association has reported that outdoor recreation is a driving force in the economy, bringing jobs, consumer spending, and tax revenue to all parts of the US. Outdoor Recreation is Driving America’s Economy Outdoor recreation is among our nation's largest economic sectors, representing the lifeblood of thousands of American communities and providing livelihoods for millions of American workers. Every year, American consumers spend ...
11 Steps To Protect Your Rental Property Investment

11 Steps To Protect Your Rental Property Investment

There are many pros and cons to owning a rental property. If you’ve considered renting out your property, there are ways you can minimize your risk and protect your investment. You can protect yourself -- and your property -- from physical damage, lawsuits, and insurance claims, even if you’re a first time landlord. What sorts of risks are you facing when you become a landlord? First, there are inside risks: those produced by the property itself. An example of this is a tenant who is injured on the property. As ...
Your Five Biggest Small Business Challenges Solved

Your Five Biggest Small Business Challenges Solved

For entrepreneurs, running your own business offers rewards as well as challenges. While some issues — like reducing employee turnover and successfully building a brand — are at the top of many business owners' list of complaints (regardless of organizational size), a number of obstacles tend to plague small businesses in particular. Read on to learn about the five biggest small business challenges... and how to solve them. Challenge #1: Managing Money While cash flow is an issue for many organizations, small businesses tend to be plagued by specific challenges such as ...
An Event Planner's Guide to One Day Event Insurance

An Event Planner's Guide to One Day Event Insurance

Are you a seasoned event planning pro or are you putting together your first big event? Whether it’s a concert sponsored by your company, or your organization’s annual 5K run or Food Truck Festival, your event requires a tremendous amount of planning and organization. It also brings a tremendous amount of risk. So many risk factors are present for a single-day event that your organization’s regular insurance coverage probably won’t be adequate. You’re going to need the specialized coverage of one day event insurance. What is One Day Event Insurance? One ...
6 Unbeatable Benefits of Ski Shop Insurance

6 Unbeatable Benefits of Ski Shop Insurance

Snow business is good business. According to Snowsports Industries America (SIA), more than $4.6 billion in snow sports products was purchased last year. And $2.5 billion of those sales of equipment, outerwear, apparel and accessories went to snow sports specialty stores. Ask anyone who owns a ski shop, however, and they’ll tell you: running a ski or snowboard shop takes a lot more than just a love for fresh powder and an enthusiasm for snow sports. It takes courage to succeed in the outdoor industry, which has more than its ...
What is Cyber Liability Insurance and What Does it Cover?

What is Cyber Liability Insurance and What Does it Cover?

Cyber liability insurance is a modern solution to a twenty-first-century problem. Because it’s not enough to cover your financial assets against the potential of physical loss; today’s business owners also have to cover themselves against the potential for lost or stolen data or targeted cyber attacks. And your existing business insurance policies, such as your commercial property and general liability coverage, simply aren’t designed to protect you in the event of a data breach incident. No matter what type of business you operate, there’s a very good chance that you collect or ...

 

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