Rock climbing – an adventurous sport whose popularity has increased by leaps and bounds in the past few years. Due to this, many have stepped into rock climbing gym business. If you also have a rock climbing gym, then there’s something important that needs your attention.
The question is: Have you insured your employees? The insurance for your staff is necessary. If you’re thinking of general liability insurance, it will not cover your employees. It would be best if you had separate insurance for your guides – rock climbing guide Insurance.
Why Do You Need One?
This insurance covers the safety of your guides. Suppose, if any employee gets injured, then all of his medication and compensation come on your shoulder. You have to bear this as they are working under you; otherwise, there are chances that they can sue you. Now to pay for all this, you must have good wealth. But what if you are not in a financial condition to pay? In that case, a Climbing Instructor Insurance acts as a financial backup for you and covers all these expenses.
Although every business has a fund reserve called employee provident fund. We guess that most business owners are aware of it. But to all those who aren’t, this fund is used for your employees to pay them compensation and bonus. However, sometimes there are situations where your funds are not enough. In such scenarios, a rock climbing business Insurance helps a lot. Whether it’s about the loss to your business due to natural disasters or any other situation whenever your business needs a financial backup, this insurance is always with you.
What Does This Insurance Include
Rock climbing, like any other adventure sport, contains many risky things. There is no guarantee that you will always be safe. As chances of accidents and injuries are very high, which means your chances of paying the injured are also very high. And this is the reason why you must know about the coverages of Climbing Instructor Insurance. Below is the list of all those things that are included in your insurance:
- Legal expenses
- Travel documents, passport and -personal money
- Accommodation coverage
- Abandoning the trip
- Delayed in departure
- Cutting and canceling of your holiday
- Personal baggage and belongings
- Personal accident and liabilities
- Hospital expenses and medical benefit
- Loss due to accidents
- Employees safety
These are some of the things that you need to know about Climbing Guide Insurance. We hope that all your basic queries about rock climbing insurance are cleared now. If you find this blog helpful, don’t forget to share it with your friends and family. Stay safe!