Tag Archive Inland marine

Marine Insurance

Common Provisions in Marina Contracts Boaters Should Know

When you buy a new boat, one thing you need to consider is storage and use. If you don’t have a dock, you may want to look at leasing space at a marina slip. Here are some things to know about marina slip contracts.

Liability Insurance

The insurance firm Merrimac Marine Insurance states that many marinas require liability insurance as part of their slip contracts. A minimum limit may be required for liability coverage. In addition, most marinas require the boat to be registered.

Use Rules

The contract likely has use rules such as boat operability. Some marinas include provisions for the number of times per year the boat must leave the slip. In fact, inoperable boats may not be allowed in some marinas.

Additional Fees

Not everything is likely to be included in the rental price. You may have to pay additional fees or line items as part of the contract not listed as the rental price. There may be fees for late-payments or early cancellation.

Termination Clauses

Most contracts include termination clauses. A common one is that if you fail to follow the rules, the marina can cancel the contract.

Understanding marina slip contracts can ensure you know exactly what you are paying for. The last thing you want is to face a fee you didn’t realize you would pay. A good contract is for the benefit of the marina and boaters.

commercial broker insurance

Insurance for All Types of Businesses

No matter what industry your business is in, you need insurance coverage that protects you, your employees and your business. Commercial broker insurance provides policies designed for your business that offer both standard and specialized coverage options.

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  • Workers compensation
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  • Inland marine
  • Builder’s risk
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  • Products liability

An insurance agent can develop a policy that takes into account your business, your industry, and your needs, so the end result is a tailored policy that provides ample protection. No matter what your risks are, there is a policy that can protect your business in times of need.

Insurance Solutions for Your Business

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