PRODUCT: AdventureShield.

COMPANIES: BRP, Swiss Re, Lloyd's, Greenlight Re.

AVAILABILITY: Appointed agents and brokers only.

FOCUS: Recently, vQuip, a premier provider of specialty insurance programs and risk management solutions, announced a 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. The product is targeted at land- and snow-based recreational outfitters offering power sports rentals or guided tour experiences.

“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," says Cam Serigne, founder and CEO, 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," he adds.

COVERAGE DETAILS: AdventureShield provides comprehensive commercial insurance coverage for outfitters. Limits are up to $1 million/$2 million with full total insured value limit excess of $10,000 covering in-rental and at-rest exposures.

Renter coverages include flexible limits of $25,000/$50,000 or $50,000/$100,000. Higher limits may be available. Depending on the operator's preference, a choice of deductibles is also available. Limits up to $50,000 for accidental medical expenses and $10,000 for accidental death and dismemberment may be offered to clients.

UNDERWRITING: Several factors are considered, including loss experience, years of operation, whether experiences are guided or unguided, and the typical age of renters.

TARGET: Experience and adventure equipment outfitters. For example, businesses that rent snowmobiles, side-by-sides, all-terrain vehicles (ATVs), utility terrain vehicles (UTVs), e-bikes, trikes and golf carts.

COVERAGE AVAILABILITY: All 50 U.S. states.

CONTACT: Manuel Almenara, vice president of distribution, vQuip; 786-909-5909.

Will Jones is IA editor-in-chief.