Operating a marina is the perfect job for anybody who loves boating and being near the water. It’s scenic, relaxing and you get to help other boaters enjoy the water, too. All of its perks are not without risks, though. Marina owners know that there are liabilities associated with the job, but marina liability insurance can protect against four of the most common.
Top Four Risks Marinas Face
There are a variety of risks that can impact your marina business, but some are more likely to be realized than others. These top four are ones that your marina liability coverage should certainly cover:
- Medical payments in the event of an accident
- Medical costs that result from an accident
- Pollution from oil and other leakages
- Emergency towing services
- Legal liability from sunken wreck removal
Protection for Your Specific Needs
As a business owner, you might think that general business insurance is sufficient for your needs. Many marina operators are surprised to realize, though, that common marina liabilities are not covered in general insurance policies. Specialized marina liability coverage, on the other hand, can provide the policy you need to stay safe and avoid liability for these and other common risks. Settling for lackluster coverage could be an expensive mistake in the long run.