SilverLink - Winter 2008 - (Page 21)

risk ManageMent Outdoor Recreation Fore! (or is it Pull? or Giddyup?) by Dave Berliner This isn’t your grandfather’s country club. And it may not remotely resemble the place you enjoyed while growing up. Private country clubs and resorts have undergone major makeovers, and many daily-fee and municipal courses now have a distinctly different feel in terms of the activities and diversions offered to their clientele. Hole #16 at Sutton Bay Golf and Hunt Club, Agar, SD. A SilverStone Group client, Sutton Bay offers fishing on Lake Oahe, hunting on 3,600 acres of licensed preserve, sporting clays and – of course – world-class golf. Visit the Club at www.suttonbay.com While golf may be the “hook” that leads a prospective member to join a club, there are many new activities currently available that broaden the scope of what a club has to offer. These create additional exposures that present new challenges to insurance carriers. those of the past. High-end, niche clubs and courses have sprouted in areas you might have trouble finding on a map. Private clubs in extremely remote, rural areas have become a trend, following in the steps of the nationally acclaimed Sand Hills Golf Club in Mullen, Nebraska, which opened in 1994. These new clubs draw on a membership base from all over the country. In order to entice those folks to spend money at a club outside their hometowns, such a facility frequently offers alternative activities to golf—and these create liability exposures that can scare off many insurance markets. Newer, Better and Out in the Boondocks Tennis courts and swimming pools were part of the landscape at traditional country clubs for years, and these amenities are still offered at many clubs today. However, the type of recreational club being developed today is different from 21 silverlink — Winter 2008 http://www.suttonbay.com

Table of Contents Feed for the Digital Edition of SilverLink - Winter 2008

SilverLink - Winter 2008 Contents Risk Management: Where in the World is Human Resource Consulting? Workers’ Compensation Rate Declines Insurance Certificates Haute Retirement It All Began with a Cup of Coffee Playing Fair in the Housing Market Captives 101 Proceed with Caution Fore! (Or is it Pull? or Giddyup?) Don’t Be Fuelish Employee Benefits: Medical Trend Countdown to Compliance Private Client Services: Buy & Sell Agreements Flood Insurance Pushing Wealth to the Next Generation Client Spotlight: Travel and Transport Internal Happenings: SilverStone Group Giving Back Since 1945

SilverLink - Winter 2008

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