Tag Archive marine repairer insurance program

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.

marine repairer insurance program

Common Types of Marine Vessel Repairs

Marine vessel repairing is a skilled art that requires a variety of specialized labor. The vessel not only needs to look good, but it needs to functional well after the repairs are complete. Investing in a marine repairer insurance program can protect the financial assets of your business as your repair or maintain marine vessels. Common repairs often require specialized skills in these key areas.

Electrical

With modern technology constantly changing, even boats are not immune to having outdated technology on board. Upgrading and repairing the electrical system or devices on a vessel takes a skilled marine electrician to handle correctly.

Carpentry

Most ships and boats have some sort of wood comprising either the entire vessel or interior trim. Working with wood requires a steady hand and experience with carpentry.

Paint

Knicks, cracks and repainting require the skills of an experienced painter. Specializing in marine vessels means a painter can work on fiberglass, wood and metal.

Mechanical

The vessel’s engine works similarly to an automotive engine but is different. A skilled hand with the mechanics of a boat engine and working knowledge of common repairs needed is essential to an efficient, correct repair.

Your team of skilled professionals or your independent contractor benefits from a marine repairer insurance program. Insurance protects the business owner in the event a lawsuit is filed resulting in financial loss for the client.