Operating a marina comes with a lot of challenges. In order to keep your business profitable and protected, you need to take time to find the best possible insurance policy. When clients entrust their boats and yachts to your care, being negligent in any capacity can result in some serious legal and financial complications. In order to cover all of your bases and feel confident that your company is secure, you need to know about your options. Take a moment to review these points and find an insurance plan that best suits your needs.
Marina Insurance Options
Appropriate marina insurance coverage begins with risk assessment. You want to think about the logistics of operating your business. For example, you might experience extreme weather during certain months. In this event, you should be sure to take out coverage that includes appropriate protections. You may also need to look beyond standard insurance policies, as marinas are viewed as niche businesses with specific risks and requirements. Other points to consider for your insurance plan include:
- PWC coverage
- E&O insurance
- Workers’ compensation options
Discover the Right Plan
Building an insurance plan for your marina is a process. To find the best fit for your needs, take time and review all your options. With a little research, you’ll discover coverage that exceeds your expectations.