Finding comprehensive yacht club insurance could be a more challenging task than you realize because of the many unique programs and services that are offered in this kind of specialized facility. You’ll also want to make sure you have coverage that addresses any issues related to a facility being located on the water. There are three primary types of insurance coverage you will want to make sure you have.
Liability insurance covers expenses related to incidents or accidents that are determined to be your responsibility. You will want to make sure you have a good general liability package that covers any events or activities at the club, but you also want to make sure that coverage extends to any events hosted by the club that occur off-site, including events and in boats.
You will obviously want property damage coverage for the club itself, but you’ll also want to consider the docks and the grounds. In addition, it is highly recommended that you look into a policy that will cover boats, and also any personal property.
One of the biggest concerns with yacht club insurance is making sure that employees, members, volunteers, and guests are covered under your plan. There are extra precautions that should be taken around any marine environment, and making sure you have the appropriate insurance coverage is the best place to start.