The Importance of Comprehensive Coverage for Marinas and Yacht Clubs

When it comes to recreational marine insurance, marinas and similar facilities need coverage that is comprehensive enough to address a full spectrum of operations. From modest boating clubs to expansive multi-use facilities, it is also important to choose a plan tailored to the specific site. Insured items may need to include diverse services and amenities such as boat sales, rentals and repairs, as well as restaurants and shops.

Custom Insurance Products Designed to Protect

Choosing a plan with broad protections is just as important as finding a company that specializes in marine-specific exposures. At the same time, a competitive insurance provider should be able to offer a custom package that addresses your needs without the extra cost of unnecessary coverage options. Examples of key insurance products include:

General Liability Coverage

  • Marina Operators Legal Liability
  • Ship Repairers Legal Liability
  • Products Completed Operations Liability
  • Protection and Indemnity
  • Pollution
  • Commercial Automobile

Property Related Products

  • Yacht Dealership
  • Boat Shows and Exhibitions
  • Equipment, Tools, and Lifts
  • Piers, Docks, and Wharves
  • Business Income
  • Owned Watercraft

Whether you need coverage for a modest marina or a full-scale operation, it is important to keep in mind that U.S. waterways are subject to a variety of unique liability exposures, including Federal Maritime Laws, Homeland Security, Coast Guard Security, OSHA, and the Environmental Protection Agency. A knowledgeable company that specializes in recreational marine insurance should be able to help you get started.

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