Risk & Business Magazine Nesbit Agencies Winter 2018 | Page 7

COVERING KATO CROSSFIT Covering The Unique Risks Of CrossFit COVERING Kato THE UNIQUE RISKS OF KATO CROSSFIT C rossFit, at its very core, is a form of cross training where athletes compete to push themselves to their very limits during each workout. Unfortunately, that provides a lot of risk not only for the athletes but also for the business itself. Finding the proper coverage for those risks is a challenge in and of itself, but I love a good challenge. For Ben at Kato CrossFit, I rose to that challenge. At Nesbit Agencies, we provide a comprehensive policy that covers business property and general liability, but we also have special coverage for Ben which covers his professional liability for the health club portion of the business. Wondering what these coverages might end up looking like? • • Let’s say Ben works one of his clients, the client sweats, and a puddle forms on the floor but doesn’t get cleaned. A pro- spective client comes into the gym and slips, breaking her wrist. This would be general liability. How about if Ben doesn’t explain thoroughly enough how to use a piece of equipment and a client injures them- self? That would be professional liability. Of course, like any business, workers’ com- pensation coverage is present as well. Every business is unique insofar as what their risk tolerance is and how they want to minimize that risk. Ben has been very receptive to recommendations and, thus, has done a great job growing and running his business. When expansion construction has taken place, he worked with us to ensure everything was running smoothly in a safe environment. Unique coverage is even provided for special events. When Ben came to me with a busi- ness related to Kato CrossFit—known as Gameday Competitions—we quickly got on the horn with our underwriting friends at West Bend Mutual/NSI and told them what the business was about. Gameday Compe- titions is athletes and individuals getting together to showcase their CrossFit skills in a fun competition. West Bend Mutual/NSI heard what we had to say, liked it, and after a few submitted applications and question- naires, we were off to the races! I’ve been working with Ben for years, and I think one of the reasons he values the work I do and the services that Nesbit Agencies provide is that he knows that he can give us a call at any time and bounce ideas off of us. Entrepreneurs, by their very nature, are a creative bunch, and Ben is no different. If he needs to give me a call and brainstorm a new direction or idea he has for the business, he knows I am not only there to listen, but also that Nesbit Agencies has the means to get done whatever he is thinking about doing due to our great relationships with multiple carriers. I get a lot of personal satisfaction from see- ing Ben and my other clients find success. When they are successful, I feel successful as well, and I feel like I am doing my job in the right way. Being a trusted business associate of people like Ben is the reason why I love being in this business. + BY: JEFF STALOCH NESBIT AGENCIES Jeff Staloch has over 11 years of experience in the insurance business, primarily focusing in the areas of commercial risk management and agri-business. Jeff currently works closely with his team at Nesbit Agencies to help develop risk management plans for the manufacturing, construction and agriculture industries. Jeff’s favorite part of his job is helping his clients manage risk so their business can thrive. He can be reached at: [email protected] or 507-625-5558 7