| Maritime law broadly defines the responsibility of | | | | or property damage caused by your vessel. |
| charterboat operator as being responsible for all | | | | The basic clauses you should consider are the |
| damages resulting from "negligence". This | | | | following: |
| all-encompassing definition leaves the operator | | | | Coverage limit |
| exposed to the possibility of costly and endless court | | | | How much is your business worth? A wise agent will |
| cases. | | | | tell you, the best coverage limit is one that you can get. |
| This why the value of selecting a charterboat | | | | It does make sense since marine P&I policy |
| insurance policy which protects your legal rights, | | | | covers you on a per incident basis, not for each |
| property and that ensures damages to your boat are | | | | person. |
| reimbursed, can not be underestimated. | | | | Shore excursion |
| How can you identify which components should be in | | | | If your insurance policy doesn't have this clause, your |
| your policy? First, identify all your business activities | | | | passengers are not insured once they get off your |
| and the risks involved in operating your charterboat | | | | boat. |
| business. This information will help you decide the | | | | Crew coverage |
| types of components, the range, and amount of | | | | You must pay coverage for each crewmember, or |
| coverage needed. | | | | you will be liable for the uninsured crewmembers' |
| Hull and Machinery Clause | | | | injuries in the performance of their duties. |
| This refers to the coverage of the vessel, and all its' | | | | Passenger medical payments |
| parts. Its' main purpose is to quickly get your business | | | | A good clause to have, for you're protected from irate |
| and boat operational after accidents. If you afford to | | | | passengers who even if they have suffered minor |
| pick a policy, which covers the following damages your | | | | injuries, will file for big damages. |
| charterboat, can sustain: | | | | Personal effects |
| · Combustion, sinking or collision of your boat. | | | | The loss of clothes, fishing equipment or cameras |
| · Deck machinery, boat engines, and | | | | might seem a minor inconvenience, but not to the |
| electronics. | | | | passenger who suffered the loss. This clause ensures |
| · Coverage for an engine that breaks. | | | | that you are properly covered and your passenger's |
| However, the following are not included in the hull and | | | | leave happy. |
| machinery component: Damage to your engine due to | | | | However, talk to your agent so that you know what |
| inappropriate use or neglect, wear due to every day | | | | items are covered in the personal effects clause and if |
| use of the boat or reimbursements because your | | | | these are appropriate to include. |
| engine broke down. | | | | Remember, the right charterboat insurance policy for |
| Protection and Indemnity (P&I) Clauses | | | | you is one that insures both your boat and charterboat |
| These clauses enable you to pay passengers and | | | | business. |
| other people who could have suffered personal injuries | | | | |