Your yacht club provides an avenue for mariners and yacht lovers to get together and do what they love best. Doubtless, you have numerous events both on water and land to keep your members entertained. The question is, do you have the right liability protection for your club? An accident can easily turn away members and harm your business if you don’t handle the incident properly. Prevention entails more than just doing your best to ensure safety. It also includes having sufficient marina liability coverage for when the unexpected happens.
When it comes to the maritime industry, much is out of your control, such as the weather. You can prepare for potential damage to your facility and members’ yachts with a personalized policy. Without it, you face a different kind of storm. Paying for ship repairs and medical bills of hurt employees out of pocket will sink your business down to financial ruin. Even if the costs are manageable, you risk damaging your reputation as a quality yacht club.
Avoiding these negative consequences is simple through purchasing enough marina liability coverage to secure you from whatever comes your way, on land or water. If you already have a policy, make sure it offers full protection in all areas relevant to running a yacht club.