There are a lot of harsh realities for the majority of individuals in this world. The average person will never belong to a yacht club and will have to live vicariously through others, more fortunate people for these experiences. If you are lucky enough to belong to a yacht club, you may want to consider yacht club insurance. These are incredibly expensive vessels and any expense related to repairs will be extremely expensive even for wealthy individuals. For individuals on the fence regarding yacht club insurance, protecting oneself at this establishment is much more preferable than experiencing unlimited liability.
Acquiring Workers Compensation Policies
While you are enjoying the festivities located at your yacht club, you likely notice the numerous employees that are assisting with your experience. If you are the owner of this establishment, having a workers compensation policy is an absolute must. Injuries can occur at any place of work, and yacht clubs are certainly no different. With this said, protecting employees should be one of your main priorities if you own the club. Without these individuals, it would be challenging to have a club where all of the members are stuck performing all of the work duties.
Bumbershoot is applicable in the sense of being an umbrella insurance policy that protects your assets from any potential catastrophe. Bumbershoot typically covers much more than a standard yacht club insurance policy.