Does your marine business insurance cover you for environmental insurance claims? Is it adequate? Marine business owners and operators need to be mindful of a wide variety of potential pollutants that could wreak havoc on marinas and shipyards or cost into millions of...
If you employ marine workers, it can be challenging to figure out what insurance you should invest in to ensure adequate coverage.
There are two federal statutes governing compensation for marine injury claims:
MEDIA RELEASE August 18, 2014 Global Marine Insurance Expands West Coast Operations Traverse City company announces new Pacific Northwest presence Seattle, WA -Global Marine Insurance announces that Gregg Reynolds and Ron Randall have joined the company to offer...
Thinking About Buying a Boat? Here's How to Make the Most of Your Sea Trial If you're seriously considering buying a boat or yacht, a sea trial isn't optional — it's essential. Seeing a vessel at the dock or in a showroom tells you almost nothing about how she...
When a bold thief scaled a marina’s security gate and targeted an 80-foot yacht in San Diego, other quick-thinking yacht owners prevented his escape. In the process, a few suffered injuries, and the yacht’s owner told reporters that the luxury cruiser sustained at least $50,000 in damages. The incident is a perfect example of why you review your yacht insurance coverage carefully for theft and third-party liability.
Securing Your Boat: Your Storm Season Checklist Storm season is a growing concern. Named storms are increasingly forming before the official June 1 start date, and warmer ocean temperatures mean the storms intensify faster. Bottom line: the cost of waiting has risen...
Owning a yacht is one of life's great privileges; it's an investment that pays dividends in experience. But protecting that investment takes more than good seamanship. It takes a disciplined maintenance routine, and regular inspections are at the heart of it. Here's...
Most boat damage isn't the dramatic stuff — no collisions, no capsizing. It's the slow, steady grind of sitting in the water too long. Our insurance specialists hear about it all the time: * Algae growth * Barnacles * Hull blisters * Salt corrosion * Bumping the dock...
