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
- 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.