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Granite Insurance Launches New Surf Park Insurance Program Amid Industry Challenges

Press Release from Granite Insurance:

Granite Insurance is excited to announce the launch of a new, specialized insurance program designed to meet the unique needs of the emerging surf park industry. As surf parks gain popularity as a recreational destination for surf enthusiasts and tourists, operators are facing significant challenges—particularly when it comes to the high cost of insurance. Granite Insurance is addressing these challenges with an innovative approach to insurance coverage.

The High Cost of Surf Park Insurance

The cost of insuring surf parks is high due to several factors. First, the surf park industry is still new, with limited historical data for underwriters to accurately assess risks. Unlike traditional amusement and water parks with established claims records, surf parks present a complex blend of water sports and amusement activities that complicates risk assessment.

Additionally, the nature of surfing and water sports brings inherent risks, including potential injuries from falls, collisions, or equipment malfunctions. The presence of large, wave-generating systems also raises concerns about mechanical failures, increasing liability exposure. Furthermore, varying regulatory and safety standards across states make insurance coverage more complex and costly.

Granite Insurance: Pioneering a New Approach

Recognizing the unique challenges facing surf parks, Granite Insurance has launched a dedicated surf park insurance program. This new program is tailored specifically for surf parks across the United States, developed in collaboration with industry thought leaders and technology providers to address common risk factors in surf parks.

“The Surf Park industry deserves the time and attention to create an insurance program designed specifically for surf parks, rather than trying to fit them into existing amusement or water park policies. Our program is that solution.”

Cameron Annas, CEO & National Practice Leader for Adventure & Entertainment at Granite Insurance Granite Insurance has a proven track record of innovation in the adventure, entertainment, and recreation sectors. The company has developed similar specialized programs for industries such as zip lining, whitewater rafting, climbing gyms, water-sports, and hot spring resorts.

A Focus on Risk Assessment and Education

One of the key elements of Granite Insurance’s surf park program is its focus on risk assessment and management. By working closely with surf park operators, Granite can offer more accurate risk evaluations, leading to fairer premiums and encouraging the implementation of enhanced safety practices. This not only reduces the likelihood of claims but also fosters a safer operating environment.

In addition, Granite Insurance provides surf park operators with resources on safety standards, employee training, and emergency protocols. This proactive approach helps mitigate risks and can lead to reduced insurance costs over time.

Looking Ahead

As the surf park industry continues to grow, managing the high costs of insurance will be critical for its long-term success. Granite Insurance’s tailored program is leading the charge in providing affordable, specialized coverage for surf parks across the country. By focusing on risk management, education, and customized solutions, Granite Insurance is helping surf park operators thrive in this exciting new space.

For more information about Granite Insurance’s Surf Park Insurance Program, visit www.GraniteInsurance.com or contact Cameron Annas, National Practice Leader | Adventure & Entertainment, at [email protected].

Granite Insurance is a leading provider of innovative insurance solutions, dedicated to protecting businesses and individuals across the country. With a focus on excellence, integrity, and innovation, Granite Insurance ensures its clients thrive by providing comprehensive coverage, personalized service, and peace of mind. By empowering our clients, Granite Insurance transforms challenges into opportunities, guiding them towards enduring success in a rapidly evolving world.

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