There is nothing quite like sharing a passion for sailing, racing and adventuring with others equally as passionate. Turning the love of yachting into something more tangible creates endless opportunities to learn, build friendships and so much more. With all the benefits a yacht club provides, regardless of the size, it comes with inherent liabilities. The experts at Mariners Insurance have various flexible yacht club insurance programs to keep the fun protected.
No matter the size or amenities offered, the minimal coverage needed includes general liability and commercial. As part of the latter, your property would be covered in the case of a fire, vandalism, wind and other situations as dictated by the policy. General coverage provides broad liability protection regarding the public, members or visitors.
As the club grows and perks are added, it is necessary to rethink what is covered. The addition of boat storage, a clubhouse, employees, and instructors, just to name a few, increases the chances of needing additional liability coverage. Making a comprehensive list of what the club offers helps make it easier to decide what packages may be needed. Additional coverage may include the following:
- Boats owned, borrowed or rented by the club
- Third-party boats stored at the facility
- Piers, docks, wharves, equipment, trailers and other property
- Liquor liability
- Races, regattas and cruises
- Workers compensation
- Commercial auto