vQuip, a premier provider of specialty insurance programs and risk management solutions for complex, bespoke experience markets is proud to announce the launch of AdventureShield, an innovative, first-of-its-kind risk management solution designed specifically for the high-risk adventure rental sector. AdventureShield offers a comprehensive approach to managing liability for outfitters and ensuring safety for adventure-seekers, transforming the way the recreational rental industry navigates risk.
AdventureShield revolutionizes how outfitters handle complex risks in the adventure and recreational rental space. Outfitted with advanced technology and real-time data analytics, AdventureShield enables businesses to proactively mitigate liability and streamline safety protocols. This cutting-edge platform captures crucial operational data, building a robust defense against negligence claims while offering renters low-limit, trip-specific insurance.
“We’ve dedicated significant effort to developing AdventureShield, and we’re thrilled to bring this innovative solution to outfitters who have long struggled with coverage gaps and risk management shortfalls in the adventure rental market,” said Cam Serigne, Founder and CEO of vQuip. “The brilliance of AdventureShield is its ability to manage risk on a trip-by-trip basis, using cutting-edge risk identification and safety technology that far surpasses traditional practices. By shifting the burden of risks, such as improper use and driver error, away from the outfitter, we’re not only lowering costs but also delivering greater financial security to the industry.”
AdventureShield is designed to provide effective relief to outfitters to many of the pain points in the risk management process, particularly those related to risk identification, assessment and financing. By utilizing new premium pools that allow renters to purchase insurance directly on each trip, much of the risk is transferred from the outfitter for that trip. This innovation not only expands the insurance market by providing insurance on a trip-by-trip basis, but also distributes the financial risk more equitably between the outfitter and the renter.
A cornerstone of AdventureShield’s effectiveness is its ability to collect the requisite data to protect the business owner against negligence claims. This data is collected in a dynamic tool for risk control that arms outfitters with empirical evidence to assert robust defenses against claims, which may otherwise lead to unjustified liabilities. AdventureShield is available to vQuip’s general liability policyholders and is bundled with the coverage.
ABOUT vQUIP
vQuip is a specialty insurance program architect and risk management pioneer, combining best-in-class loss control technology with innovative program solutions tailored to the unique requirements of complex bespoke experience markets. Headquartered in Charlotte, N.C., vQuip partners with innovative MGAs, fronting partners, reinsurers, and distribution partners to launch solutions that serve the needs of capacity-constrained insurance markets. vQuip’s clients use its technology and insurance programs to effectively manage and transfer risk, gaining access to comprehensive and competitive commercial insurance solutions. For more information, visit www.vquip.com