Running a yacht club provides plenty of fun marine activities for your members and their guests. Boat operation can also expose them to dangerous situations where you can be found liable. While basic insurance can protect your business from these exposures, Mariners Insurance programs demonstrate that there are liability coverage areas specific to yacht club insurance.
Chartering, or renting out your vehicles, can be an excellent source of income. However, other people may not have as much experience with the boats, which can lead to incidents, damages and injuries. A chartering plan can cover these third-party injuries and damages, as well as any resulting legal costs.
Sailing School Education
Using your resources to teach members and guests on how to use yachts and other boats can prevent potential risks. Still, sailing school also leaves novice operators vulnerable once they practice with the vehicles. You can set up a specialized coverage plan that includes any dangers inherent to education.
A regatta is an event where contestants participate in a series of yacht and boat races. It can include various types of aquatic vehicles and despite its structured, competitive nature, it is meant for entertainment. Still, there is a possible danger, so a regatta-focused insurance plan can help protect your contestants and your establishment.
Yacht clubs offer plenty of activities and amenities to enthusiasts. Ensure they continue to enjoy them by adding specific coverage areas to your customized yacht club insurance plan.