Insurance coverage for yacht clubs

The Well-Insured Yacht Club

Boating is a wonderful sport, a melding of nature, weather, equipment and skill. Joining a yacht club can enhance the boating life by exposing boaters to like-minded people and a plethora of maritime resources and events. A yacht club, though, is not solely a social center. It’s a business, and as such, it must insure itself just like any other business.

What Yacht Club Insurance Offers

Insurance coverage for yacht clubs can be obtained for the unique needs of a club and its activities, which may include teaching sailing, running regattas and sponsoring social gatherings. The policy covers the physical club and its employees, board members, volunteers, guests and members. Yacht clubs can choose from a boatload of insurance options, such as coverage for the following:

  • Race errors and omissions
  • Pollution or fuel spills
  • Embezzlement and theft
  • Vandalism
  • Workers compensation
  • Docks, piers and wharves, including slips and moorings
  • Liquor liability
  • Boats owned, borrowed or rented by or loaned to the club
  • Crew health insurance
  • Club-owned autos and trailers
  • Historical assets
  • Flood, wave, hurricane or ice damage
  • Fundraising events

How to Protect Success

Although yacht clubs are often a whirlwind of people and fun activities, club management must always keep a serious eye on potential legal issues from club-related activities and equipment. By obtaining insurance coverage for yacht clubs, the club has taken an important step toward being a successful business and keeping its members and employees happy.