Recreational Marine Programs For Your Insureds

As an agent familiar with the various recreational marine programs and the types of insurance required for your clients to be properly protected, you understand how vital this coverage can be. Your clients need to be properly insured to ensure that they don’t lose everything in the event of a major claim against them.


Having a commercial property policy that responds to the types of hazards that sometimes exist around marinas is vital since it provides coverage for the building, its contents, and any loss of business income due to business interruption, including acts of vandalism, fire, wind, and major storms.


The marine industry is fraught with exposures faced by the various segments and the possibility of a calamity occurring is something they must be aware of each and every day. You can help them look at each risk and evaluate and determine the type of coverage, limits, retention levels and special enhancements needed in order for them to be properly protected. You have access to a wide range of products and services and can provide them with added value.


Important coverage options


Anyone operating a club has a responsibility to provide safe and secure mooring to their customers. They need to consider the types of incidents that often occur in and around these areas mobdro for iphone and have their staff work diligently to make sure they are running a safe facility. Having a marina operator’s liability policy that covers boats (as well as other items belonging to clients and customers) that have been left in their care, custody, or control will give them added peace of mind.


Inform those interested in flood coverage that this is another important piece of the puzzle since this policy provides coverage to the building and the contents inside. However, it will not cover boats, docks, bulkheads, landscaping or any property outside of the foundation walls of the insured building. Whether we’re talking about boat builders, yacht clubs, boat dealerships, or marine manufacturers, they can all benefit from having similar insurance portfolios.


Depending on the size of their operations they may need an additional policy with higher limits of liability coverage. They can accomplish this by purchasing an umbrella liability policy. Another option is the broader bumbershoot liability policy. These policies offer broader protection, especially in case of a lawsuit. Help your clients understand their options available through recreational marine programs and to get the protection they need.


Steps to Take During a Cargo Claim Procedure

When shipping goods any number of problems can crop up and the result is often that a claim is filed to deal with any loss or damages. At times when a problem does occur where cargo becomes lost, damaged, or missing then the cargo claim procedure is required in order to properly file a claim. The first step is to notify the claims agent as soon as possible.

Your clients should be taken through the process in order to understand and follow instructions making the claims process run smoothly and ensuring that any issues will be resolved much more efficiently.

Filing a claim

It’s vital to inspect and document the condition of the cargo upon its delivery. Many times the damage is a result of the shipment getting wet, and if this is the issue, move the goods to a secure location, and separate any wet and damaged goods from those which are dry and in good condition. Take time to take pictures or video footage in order to show the condition of the freight upon its arrival, making clear any exceptions on the delivery receipt. Receipt may indicate any loss or damage to the cargo and/or the packing or containers. Make sure to preserve all packing, damaged goods and seals until the claims agent arrives for inspection.

A surveyor will often be called in to report the facts to the insurance company and will also have the responsibility for determining the amount of the loss incurred. They work independently and are not affiliated with the insurance company. Generally the insurance company will pay surveyors directly for their services. If you or your client can determine that the loss is not of considerable expense then it’s probably not advisable to pay for the cost of a survey.

Make sure that your client files a formal notice of claim against the carrier in order to be duly compensated. If, as is often the case, more than one carrier is involved, then a claim must be filed against each party individually. In following the cargo claim procedure make sure that all claims are filed in a timely manner and that your client retains copies of all shipping documents as proof.

Inquiring About Yacht Club Insurance Options

Yacht clubs provide a lot of services, including boat rentals, storage and repairs, along with a multitude of other services for their unique clientele. Your clients, whose livelihood exists in the operating of yacht clubs, need a comprehensive insurance package tailored to give them the protection that they need. Because these businesses are fraught with risks and exposures, both on land and at sea, they need to be insured against a number of hazards associated with this line of work.

It would be ashamed to under-insure a client, but having them buy too much coverage can increase premiums and that can lead to customer dissatisfaction as well. Therefore, most brokers look at their clients on a singular basis to determine what exactly needs to be insured against and this helps when making decisions about which types of coverage are needed and what may amount to an unnecessary expense. Investigating a client’s claim history and receipt of payments is always a good idea.

Make sure to get them the coverage they need

Yacht club general liability is essential and that includes club members, volunteers and directors and officers as insureds. The club’s liability for sailing regattas, sailboat races and boating instructional programs is also included and therefore protects the owner from various liability concerns.

Protection and indemnity for boats owned, borrowed, loaned, or rented by the club for use in their normal club operations is also needed coverage. Crew coverage should be included in this package as well. Your client will also benefit greatly by securing marina operator’s legal liability for third party boats at the club’s facility.

Pollution is among one of the greater concerns in the yacht club industry. Limited pollution liability will provide for clean up expense, damage to owned property and damage to third party property as well. This policy should never be overlooked as noncompliance to the laws can result in heavy fines.

You should also take the time to re-evaluate all yacht club insurance policies with your clients every year and determine if all of their current needs are being met.

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Marina Insurance and Running a Safe Operation

The recreational marine coverage needs of your clients should be your first priority as a broker. The proper marina insurance coverage will help them deal with any and all concerns related to owning and operating a marina, as well as watercraft destined for the high seas. This is an industry fraught with risks and exposures and there are many policies that can help deal with these important concerns.

One of the primary concerns of any good broker is keeping your clients happy year in and year out, and this can be accomplished by going over their coverage annually and ensuring that their current needs are being addressed. You gain their trust by providing solid insurance solutions and protection along with responsive service.

The success of their business may hinge on your providing the expertise and experience required to assist the various segments that make up this market in mitigating and transferring risk. Your goal should be to deliver a comprehensive insurance program with broad coverage forms, along with exceptional customer service to ensure that your clients’ needs are always being served.

Boating safety tips can prevent claims and save lives

Adhering to boating safety guidelines helps keep your clients out of hot water. They can benefit by observing some simple safety habits intent on avoiding costly lawsuits as well as saving lives. Motorized vessels should always be operated at safe speeds while always maintaining a proper lookout. The person captaining the vessel should know the boat’s limitations (as well as their own).

Whenever on the high seas it’s important to take note of visibility, traffic density and the proximity of navigation hazards like shoals, rocks or floating objects, and anyone operating a boat must never drink alcohol while boating. Make sure everyone traveling on the boat always wears a life jacket and this includes the crew and all guests.

Whenever yachts and other watercraft are going out for a cruise check the weather conditions as they can change quite rapidly and without notice. By adhering to a few necessary safety measures and procedures everyone can greatly reduce the risk of any damage or injury occurring. This will make for a much more pleasant trip on the open waters.

Marina insurance helps to ensure that, when a problem does arise, your clients have the necessary protection in place to deal with any and all issues.

Safety Through Implementation of a Marine Product Liability Program

The marine manufacturing industry involves many elements and individuals all performing particular tasks in order to ensure that the products they produce are safe and seaworthy. All work must be well executed and properly inspected, and the team must often work in adverse conditions in order to complete projects on time and within budget.

Whether working on a yacht or a large seafaring vessel, the activities taking place must be carefully planned and strategized, the goal being to complete the work in the fastest but safest way, because the trust of your client’s customers is at stake. One of the biggest challenges in this process is safety, whether we’re talking about the safety of the workers, or creating products that are safe from defects. Liability issues will always be a huge concern and your clients will need to have a marine product liability program that is structured to deal with these issues.

Manufacturing and design defects are a primary concern

Manufacturing defects are those that occur in the manufacturing process and usually involve poor-quality materials or shoddy workmanship. Design defects occur where the product design is inherently dangerous or useless (and hence considered “defective”) no matter how carefully they may have been manufactured. This may be demonstrated either by showing that the product fails to satisfy ordinary consumer expectations as to what constitutes a safe product, or that the risks of the product outweigh its benefits. Ultimately, the manufacturer is liable if the product is defective, even if the manufacturer was not negligent in making that product defective.

Many hazards and risks can often be eliminated or controlled in the product design phase. When designing products for tankers and other large vessels, a safety review should take into account how a product will be used and the kind of hazards that may result from its use. Products should comply with all industry and government safety standards. Labels, warnings and instructions should adhere to these standards and be prominently displayed, as well as easy to understand and be provided where applicable. A regularly scheduled safety review can help to confirm that products comply with the latest standards currently in place.

Poor workmanship in this industry could ultimately cost lives. A marine product liability program is meant to deal with these serious issues and provide solutions to problems often before they occur.

The Benefits of Maritime Insurance

When it comes to helping your clients to acquire maritime insurance, it’s often best to work with a broker that specializes in marine policies, because they deal specifically with marine-specific risks, including salvage work, wreck removal, pollution or environmental damage, to name just a few. One way to reduce your clients’ pollution liability risks is by ensuring that they have adequate maritime insurance coverage.

One of the biggest challenges facing this unique industry is the environmental risk, which is both detrimental to our planet, and a growing concern for marine repairers. The pollutants often created in the care, construction, and maintenance of these vessels can adversely affect the ocean’s animal and plant life, as well as create health issues for workers and others, and these issues need to be addressed, particularly because of their destructive nature, along with the steep penalties and fines imposed for failing to correct these problems.

Making regular maintenance a priority

The life of most watercraft can be extended through a regular maintenance program as this can provide many benefits for the vessel. For example, flushing out the engine after each use will get rid of any potential saltwater build up. Check the water pump to ensure it is functioning properly and clear it of any debris that may be blocking the passage.

Time and salt water can wear away at the boat’s parts over time, so wipe the vessel down with a cleaning spray containing an anti-corrosive, such as WD-40, which will lubricate the moving parts that might rust while not in use. Keeping the engine covered in between trips will keep unwanted particles out.

As boating season draws to a close, flush any remaining fuel out into proper recycling canisters. At this time the fuel lines should also be checked for any possible cracks or leaks. Those responsible for maintenance should also make sure that the fuel line clamps aren’t rusted or corroded the fuel should be replaced with a fresh tank if it has been sitting for any extended length of time.

Proper maintenance can also reduce some pollution concerns plaguing many boat manufacturers. As a broker of maritime insurance it’s important to provide the best quality service your clients have come to expect.

Merrimac Marine Insurance and Risk Planning

Whatever the recreational marine coverage needs that your clients may inquire about, Merrimac Marine Insurance has the answers for practically any and all concerns related to the owning and operating of all types of watercraft on the high seas. They have been a staple in the industry for three decades, staking their claim by providing the expertise and experience required to assist the various segments that make up this market in mitigating and transferring risk.

Perhaps one of your primary concerns is both obtaining and keeping your clients year after year. Merrimac can help you to accomplish this by providing you with solid insurance solutions and protection along with responsive service. Partnering with Merrimac means that you’ll be working with seasoned professionals delivering a comprehensive insurance program with broad coverage forms, along with exceptional customer service to ensure that your clients’ needs are being served.

A few recreational boating safety tips

Your clients can benefit by observing a few simple safety habits that can help avoid costly lawsuits as well as save lives:

  • Operate at a safe speed and always maintain a proper lookout
  • Know your boat’s limitations as well as your own
  • Take note of visibility, traffic density and the proximity of navigation hazards like shoals, rocks or floating objects
  • Never drink alcohol while boating
  • Always wear a life jacket and insist that your crew and guests do the same
  • Understand and obey boating safety recommendations and navigational rules
  • Check the weather forecast and keep an eye out for changing weather conditions
  • Always carry an emergency position locator, especially when boating in cold waters

Whenever your clients take their yachts and other watercraft out for a cruise they should be aware of the fact that weather conditions can change quite rapidly. By adhering to these safety measures and procedures they can greatly reduce the risk of damage and injury and will enjoy a more pleasant, uneventful trip on the open waters. Merrimac Marine Insurance wants to help you ensure that, when a problem does arise, your clients will know that they have the necessary protection in place to deal with whatever problems might float their way.

Available Types of Recreational Marine Insurance

Insurance agencies that deal with clients that own watercraft understand that there are unique risks and exposures associated with businesses that engage in boat sales and rentals. Boat insurance coverage is specifically designed to protect your clients from many different types of losses associated with the boating industry. There are certain types of coverage to discuss with clients looking for recreational marine insurance for their yachts, boats and various seaworthy vessels. The types of policies they should be made aware of include:

  1. All riskA fairly comprehensive policy, all risk is necessary to cover any loss (except anything listed as a specific exclusion on the policy). Exclusions generally include such things as normal wear and tear, damage caused by animals or any design defects.
  2. LiabilityYou should advise customers that carrying liability coverage, usually referred to as protection and indemnity, is easily the wisest decision they can make. For example, explain to them that, if while boating they accidentally cause damage to another vessel, this policy provides protection by covering potential legal fees, wreck removal services or salvaging costs, and even environmental charges if the resulting damage pollutes the water.Your recreational boating clients will also want to be protected in the event a guest on their boat is injured or perhaps even killed. Other concerns naturally include any physical damage that their craft might experience and any items permanently attached to the vessel, such as anchors.
  3. Theft and other vital concernsConsult with them about coverage against other potential issues, such as theft and other issues often out of their control. Go over other coverage options they may be unaware of, like coverage that protects against break-ins resulting in acts of vandalism and natural disasters, such as fire or floodwaters.
  4. Agreed value versus actual cash valueLet clients know they have a choice in recreational marine insurance; insuring for Agreed Value (sometimes called Stated Value), which is basically replacement cost insurance. If their boat ends up so extensively damaged that it’s considered a total loss, this option would let them replace their boat with another of similar quality.By opting for Actual Cash Value (ACV) coverage, the boat becomes a write-off and they would only receive the amount for which the vessel is valued at the time. This may often end up far less than the replacement cost due to depreciation.