Marina insurance programs have obvious benefits for boat dealers, yacht club owners and similar businesses. However, while most people know that this type of coverage keeps their property and their pockets safe from the various threats that are common in these types of businesses, they don’t know exactly what’s covered throughout these plans. While there are many different coverage options and plans for business owners, most comprehensive plans will include options like:
- Property coverage, which encompasses issues like real and personal property, equipment, lifts and tools used on the job, piers wharves and docks, business income and owned watercrafts.
- Liability coverages. This keeps your business protected in a variety of incidents but providing options like general liability, products completed operations liability, marina operators legal liability and pollution.
- Employee coverages, which take a variety of laws and acts into consideration. The protection you’ll receive in this area include workers compensation and anything in accordance with the United States Longshore and Harbor Workers Act and Jones Act/MEL/USL&H.
Not only do marina insurance programs get you all this coverage, but can also collaborate with non-marine issues in order to create a completely comprehensive insurance plan for your business operations. When you get the right insurance for your business, you’re free to allow your attention to go where its needed most to help your marine business grow and thrive.