Charter boats and insurance

Charter boats and insurance- The insurance of a charter boat differs greatly from the conclusion of an insurance for an amusement or pleasure boat.

For the charter boat, an additional insurance is initially required because the ship represents the livelihood of its owner. The loss of the vessel not only means the loss of the boat itself, but also the loss of income and countless consequential damages resulting from "non-use" of the vessel (lost contracts, loss of expected income, reimbursement of potential) passengers, etc ... ).

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In addition, the main function of a charter boat is to carry passengers for a fee, whether for a day charter or a short sightseeing tour. The mere presence of passengers on the ship carries many liability risks. Consider the possible consequences for the passengers if the vessel is involved in an accident as a chartered watercraft. Consider also the risks for the owner of the ship, eg. Personal injury, negligence, loss or damage to property, etc., if an accident occurs during operation of the boat.

Charter ships also require special insurance to protect against damage caused by passengers. Broken gear, vandalism and excessive wear on the inside of the boat are just a few of the problems charter boat owners often encounter. The theft of equipment and equipment can also be a problem for the charter boat owner.

The boat owner will want to ensure that the selected policy covers all potential risks, losses and damage to ensure that both the owner and the passengers are adequately protected.