PK Insure Closing Their Doors, Americas First Parkour and Freerunning Insurance
PR Web |
PK Insure, America's largest provider of Parkour and Freerunning insurance has announced today they are closing their doors. This decision comes as a result of their primary investors; the
PK Insure is a private insurance company that was started in early 2011 to meet the demands of a growing and trending sport within the U.S. known as Parkour and Freerunning. Parkour and Freerunning is a sport that is making headway and combines many aspects of gymnastics with an urban environment. Parkour can be looked at as the discipline of overcoming obstacles in one's physical environment as efficiently and effortlessly as possible. Freerunning expands on Parkour and adds what is known as "tricks" to the movement. Such as doing flips off of walls, and over rails.
To many the sport may look reckless and dangerous, however, practitioners know firsthand that is not the case. One such practitioner
Since 2011 PK Insure has become an essential part of the Parkour and Freerunning community, providing individuals and businesses the much needed insurance to grow and expand. According to Mr. Borland PK Insure has grown to cover over 200 gyms nationwide and 10,000 individuals.
Why is PK Insure closing their Doors? We asked
"PK Insure has been an astonishing company and more importantly the community has given PK Insure an overwhelming amount of support and dedication, we will forever be truly grateful it has been a great experience. At the end of the day PK Insure is a business, a unique business in the sense that PK Insure is a privately funded insurance company. To be a privately funded insurance company this takes a tremendous amount of capital, and though policies were continuing to increase year over year, the increase has not been significant enough in generating the returns needed by our largest financial backer, venture capital firm
Though PK Insure may be closing their doors other companies providing insurance for the sport have sprung up. The business continues to grow within the U.S. at a rapid rate. PK Insure was able to do what most others wanted no part of, take a leap of faith, accept the risk and lay the foundation for the insurance industry that Parkour and Freerunning is safe.
To learn more visit http://www.ParkourInsurance.com
https://www.facebook.com/pkinsure
PK Insure is America's largest provider of Parkour and Freerunning insurance in the U.S. providing insurance for gyms, individuals and events nationwide.
Read the full story at http://www.prweb.com/releases/2014/05/prweb11883024.htm
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