Hello! How has your week been? Mine has been filled with ups and downs, but I suppose that is just what is to be expected. As far as Adventure Valley, however, everything is on the up and up!
The main thing that I have been working on is getting us some insurance! On the recommendation from my lawyer brother, our team had acknowledged the need for insurance a couple times. But for some reason it totally got left out of our business plan and proposed budget. (Oops.) That is actually the main feedback that our investor had when we presented to him two weeks back. He didn't say that we needed to find a way to fit it in our proposed budget though, so here's hoping he is planning to pay for the insurance outside of our budget.
Here's the thing, there is actually a pretty big market for event insurance out there. Did you know some people even get liability insurance for weddings and birthday parties? Who are you inviting to these things that you are worried is going to sue you? Anyway, the possibility for someone to get injured at events is real, and if it happens, I don't want to be stuck holding the cost. Unfortunately, (but actually totally fortunately) we have a train, and possibly a zip line, at our events. For us and our guests it means lots of added fun and excitement, but to insurance companies it means added risk, and for many of the basic event insurance companies it means denial for coverage.
As you know, we try to do everything in the least expensive way possible, and often times that means doing it ourselves. So I have been working on finding an insurance policy with help exclusively from my assistant, Google. But after working on this problem for a couple months, and even employing the help of my lawyer brother, I still had not made any headway on finding a policy that would work for us. This being an important enough thing, it was time to call in the professionals.
Luckily my father, who is also a business owner (admittedly on a much larger scale than myself) already had a contact inside an insurance brokerage that specializes in helping people find somewhat obscure policies. So I am finally making headway on this! I have an application and everything. I haven't gotten any bids back yet, so that still has the potential to steal this victory, but for now I am happy.
Now it's time to start getting serious about flyer distribution. One thing at a time, I guess. :)
See you at Hero Quest! T-minus 93 days!
-Whitney
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