Boat club insurance doesn’t sound like it would be much more complex than any other coverage a marine business needs, but the truth is always more complex than things sound at first when you’re talking business insurance. While it’s true that the entire marine entertainment industry has an umbrella of shared risks that can make their insurance needs broadly overlap with one another, it’s equally true that each niche has its own unique liability issues, so there is no one size fits all solution for businesses that participate in the recreational or commercial maritime industries.
Boat Sharing and Liability
One of the reasons boat clubs and other businesses with rentals or loaner vessels have unique insurance needs is because of the risks incurred when those watercraft are made available for use by members of the club or even members of the public. You need to work with people who understand those risks. Luckily, if this is a fairly new area of business for your organization, Mariners Insurance Services has put together a reference that breaks down the necessity for specialized insurance in clear language, to help you better prepare to fold that coverage into a larger risk management plan. Check out the information today and learn what you need to do to keep your company covered.