Alleviate Financial Liability With the Right Coverage

Alleviate Financial Liability With the Right Coverage

insurance coverage for yacht clubs

If your marina hosts a yacht club, investing in insurance coverage for yacht clubs would not be a bad idea. Yachts, no matter how simple or elaborate they might be, are expensive. If something should happen to a member’s vessel while it’s docked in your marina, you could be held financially liable. Even if you take all the proper precautions to prevent property damage and accidents, accidents do occur. Heavy winds can knock docked boats into one another or even capsize them entirely. A storm surge may push the vessels up onto land, or a careless boater could come through and crash into a members’ vessel. In any of these scenarios, you may be held financially liable.

Insurance coverage for yacht clubs is designed to help marina owners mitigate financial liability by identifying exposures and implementing the right coverage. When it comes to marinas, general liability insurance doesn’t cut it, as marinas are full of exposures not commonly found in land-based businesses. For this reason, it is imperative that you work with an agency that specializes in marina coverage, as it familiar with the risks—both obvious and not so obvious—associated with your industry. If you’re ready to protect your investment and your members’ vessels, look into marina insurance today.