Category Archive Errors and Omissions Insurance

Mariners Insurance

Protecting Your Boat Club

The New York Yacht Club, the Palm Beach Yacht Club and the San Francisco Yacht Club all have something in common with every boat and yacht club in the United States: the need for insurance. Boat club insurance programs, as explained by Mariners Insurance, need to offer a wide range of coverage for activities and potential liabilities that occur both at sea and on land.

At Sea

Insuring boats owned and rented by the club as part of day-to-day operations is a given, but coverage is also needed for activities such as regattas or special event charters.  If your club puts on a regatta with a substantial cash prize, race management errors and omissions insurance can be added as additional protection to your policy. If your club offers a sailing school, there are extra insurance considerations that need to be made including third-party claims for property damage.

On Land

Because boat clubs do not exist solely on the water, there are land-based concerns to take into account when purchasing insurance. Covering grounds maintenance is a priority as is insuring any facilities such as restaurants, offices or storage. Member property in the parking lot and on club grounds needs to be covered as well.

In a perfect world, boat clubs would just be about boating and sailing, but in the real world, boat clubs have an obligation to safeguard lives and assets on their property and in the water.