Marinas, yacht clubs, and other similar businesses are an important and exciting part of regular leisure plans for many people and occasional holiday outings for many more. Because these types of businesses are so unique and specific, they require a more specialized type of coverage. According to Merrimac Marine Insurance, the right yacht club insurance policy will be customizable to fit the needs of your specific business and cover the full scope of your services, no matter how broad the protection is that you require.
There are plenty of possible coverage options for a yacht club, but they all tend to fall into three main categories.
- Liability Coverage – This includes, but is not limited to general liability, ship repairers legal liability, and pollution coverage.
- Property Coverage – A few of the options offered are yacht dealer, owned watercraft, and business income coverage.
- Employee Coverage – This covers worker’s compensation and employee-related federal regulations.
Ensuring that you have a thorough policy is no small task, so it is critical to work with professionals from a trustworthy insurance group. Choosing a provider that specializes in maritime-based businesses will give you confidence that your affairs are being cared for by knowledgeable partners who understand what you need. When you can trust your insurance policy, you can conduct your business with confidence.