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.