Keeping Your Yacht Club Operations Covered

Yacht Club Operations

Operating a marina or yacht club comes with a unique set of needs and risks. Your company is exposed to land-based and maritime risks that should be covered for successful operations for everyone’s sake, your employees, club, board members, volunteers and more. Certain types of coverages such as property and workers’ compensation are pretty universal, but you need to check that you have protection for the way you run your yacht club.

What Coverages Do I Need?

Your yacht club insurance policies should focus on the specifics of your operations and might include the following:

  • Yacht Club Fleet Hull and Liability (including boats used by the club whether owned or borrowed)
  • Sailing Training and Education
  • Boat Races
  • Chartering
  • Property
  • Club Grounds and Facilities

Some other coverages that may be useful include Pollution and Oil Spill, Race Management Professional Liability, Jones Act Coverage for employees, among others.

What Type of Insurer Should I Work With?

It’s crucial that you work with an insurer that has experience with yacht club insurance coverages in CA. The right provider can help you find the products that are specific to your business, as no two marina or yacht clubs are the same. Your insurer will also help you identify risks and gaps in your existing coverage.

Commercial Insurance Coverage for Your Laundromat

Commercial Insurance Coverage

Running a coin-op laundromat can be a very worthwhile venture. Laundromat operators face a unique set of risks regarding potential liability claims as well as damage to their property or equipment. They need to choose their insurance coverage carefully in order to fully protect their businesses.

Coverage Elections

Laundry insurance coverage needs will vary depending on a business’s assets and services. The value of its equipment and physical premises will be a significant factor in determining coverage needs. In addition, a laundromat that offers pickup and drop-off services will need extra policy coverage.

Liability Considerations

A laundromat can face many different types of liability scenarios. A customer can bring a claim for an item that is damaged or lost. Alternatively, a customer could sustain an injury at a laundromat and bring a claim for property damage. Likewise, an employee could sustain an injury and need to utilize worker’s compensation benefits.

A comprehensive commercial insurance package should address the full scope of your laundromat’s risk exposure so that your business will be protected in the event of a loss or liability claim. It’s advisable to work with an insurance company that is experienced in serving clients in your industry and has a strong understanding of the nuts and bolts of managing a laundromat.

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