As the winter chill takes hold, the allure of warm, tropical destinations becomes stronger than ever. For those seeking a luxurious escape to sun-drenched beaches, crystal-clear waters, and stunning coastlines, a winter yacht charter promises the perfect getaway. Whether your goal is relaxation, adventure, or cultural exploration, the right destination can make all the difference.

However, with all the excitement of planning such a trip comes the risk of unexpected disruptions. That's why protecting your investment with trip cancellation insurance is essential, and MHG Insurance is here to provide the peace of mind you need. After all, the last thing you want is to lose out on your dream charter because of unforeseen circumstances.

This Winter edition highlights a few of our favorite charter destinations that shine during the colder months. We'll also emphasize how trip cancellation insurance can safeguard your trip of a lifetime, ensuring that if plans change, you're covered.

The Caribbean: A Timeless Winter Getaway

The Caribbean understandably remains one of the top winter yacht charter destinations, offering a perfect escape from the cold. With its inviting beaches, warm climate, and countless islands to explore, the region promises a blend of luxury and adventure. Popular destinations such as Antigua, the British Virgin Islands, and St. Lucia provide a mix of vibrant culture and serene natural beauty.

The British Virgin Islands (BVI) boast calm waters and protected anchorages that make it easy to hop between islands. From the nightlife of Tortola to the untouched beaches of Anegada, the BVIs are an ideal location for both relaxation and exploration. Antigua, meanwhile, is famous for its rich history. Whether you're diving into the turquoise waters or exploring ancient sugar plantations, there's always something to discover in this Caribbean paradise.

The Bahamas: A Short Hop to Paradise

The Bahamas is an excellent winter charter destination for those in America seeking a tropical escape not too far from home. With its proximity to the United States, the Bahamas offers the perfect mix of convenience and beauty. The Exumas, mainly, are a favorite among charter guests, with their crystal-clear waters, vibrant marine life, and stunning sandbars stretching endlessly into the sea.

Chartering a yacht in the Exumas gives you access to some of the most breathtaking natural sites in the region. Visit Pig Beach, where you can swim with friendly wild pigs or dive into Thunderball Grotto, made famous by the James Bond film. The Bahamas offers diverse experiences and untouched islands where the only company you'll find is the occasional sea turtle.

The Maldives: Private Luxury in the Indian Ocean

For those looking to combine exclusivity with stunning natural beauty, the Maldives is a top winter destination. Famous for its overwater villas, crystal-clear lagoons, and incredible marine life, the Maldives offers unparalleled privacy and luxury. This collection of atolls in the Indian Ocean is perfect for those seeking a serene and upscale winter retreat.

Winter charters in the Maldives offer an ideal opportunity to experience its tropical beauty at its finest. The atolls are scattered across the ocean, giving you the freedom to explore tranquil, secluded beaches while enjoying the luxurious amenities of your yacht. Whether diving in the coral-rich waters, relaxing under the palm trees, or watching the sun dip below the horizon, the Maldives provides a dreamy winter escape.

Thailand: A Blend of Culture and Natural Beauty

Thailand's unique blend of natural landscapes and rich cultural experiences makes it a top winter charter destination. The Andaman Sea, dotted with limestone cliffs, emerald waters, and hidden beaches, is particularly captivating during the winter months. Phuket, along with surrounding islands such as Koh Phi Phi and the Similan Islands, is a favorite among charter guests for its natural beauty and vibrant local culture.

While exploring Thailand, you can indulge in world-class cuisine, discover ancient temples, and immerse yourself in the rich traditions of this Southeast Asian gem. For a more remote experience, the Similan Islands offer unparalleled diving opportunities and secluded beaches, making it easy to escape the hustle and bustle of mainland Thailand.

Protecting Your Winter Escape

As you dream of these winter charter destinations, it's essential to remember that the perfect trip can sometimes be interrupted by the unpredictable. From last-minute health concerns, business obligations, and weather, among many other reasons, the best way to safeguard your experience is through trip cancellation insurance. By partnering with MHG Insurance, you can ensure that your yacht charter investment is protected, giving you peace of mind as you embark on your dream winter getaway.

No matter which destination calls to you this winter—whether it's the sun-soaked beaches of the Caribbean, the serene waters of the Maldives, or the vibrant culture of Thailand—MHG Insurance can help ensure that if life throws a curveball, your trip of a lifetime won't become a financial burden. With the right coverage in place, you can focus on the joy of exploring these incredible destinations, knowing that your investment is secure.

Click here to learn more about our trip cancellation policy, or contact us for a quote today!

Life as a yacht crew member offers adventure and freedom but also comes with often overlooked risks. Many crew, confident in their youth and fitness, might think health insurance is something they don't really need—until a crisis proves otherwise. The truth is, accidents, illnesses, and medical emergencies don't wait for the "right time," and they certainly don't happen only when you're on duty or in familiar territory.

Whether it's a sudden accident while off-duty or a medical emergency in a remote location, having comprehensive yacht crew insurance is not just about routine care—it's about securing your future when the unpredictable becomes reality. We've collected real-life stories where health insurance made the difference between financial ruin and recovery for crew. These anonymized cases remind us why insurance isn't a luxury—it's an essential lifeline.

Case 1: A Life-Saving Evacuation After a Violent Attack  

Picture this: a crew member, in peak physical condition, is enjoying a night off when they are suddenly and violently attacked while in town. The assault leaves the individual in critical condition, requiring emergency medical evacuation from a remote location to a state-of-the-art trauma center in the U.S. The cost of this emergency evacuation alone runs into the hundreds of thousands of dollars, not to mention the additional expenses incurred for intensive care, surgeries, and weeks of rehabilitation in the U.S.

Had this crew member not been covered by comprehensive health insurance, the outcome could have been drastically different. Without financial support, the costs of evacuation, medical treatment, and recovery would have been insurmountable. Because of the insurance, the individual could receive the life-saving care they needed and ultimately make a full recovery.

Takeaway: Even if you're young, fit, and healthy, having health insurance isn't just about routine checkups or minor injuries. It's a safeguard against life's unpredictable moments, even those that seem completely unrelated to your personal health.

Case 2: A Bicycle Accident and the Road to Recovery

While many crew assume that any injuries sustained would be covered under the yacht owner's insurance, that's not always the case—especially when accidents happen off-duty and off-site. Take, for example, a crew member who was cycling through the streets of Ft. Lauderdale during their downtime. A driver with no insurance struck the crew member, causing multiple broken bones and extensive injuries that required plastic surgery to repair.

Without their own health insurance, this crew member would have faced an overwhelming financial burden on top of the long and painful road to recovery. But thanks to their yacht crew insurance coverage, they were able to access high-quality medical care and underwent several surgeries, which allowed them to heal and regain their full physical ability.

Takeaway: Accidents don't just happen at work, and employers aren't always liable for your off-duty medical needs. Personal health insurance guarantees access to medical care when you need it, regardless of the circumstances.

Case 3: Severe Food Poisoning with Unexpected Consequences

When you think of food poisoning, you might imagine a few days of discomfort and an upset stomach. But for one crew member in Italy, food poisoning turned into a life-threatening ordeal. A severe infection resulted in several complicated surgeries, and the individual continues to require medical care, with further surgeries still on the horizon.

The total cost of care has already reached hundreds of thousands of dollars, a financial burden that would have been impossible to bear without health insurance. The crew member's insurance has paid for every procedure so far, ensuring they receive the necessary care for a full recovery.

Takeaway: Sometimes, even seemingly minor health issues can escalate into major medical emergencies. Comprehensive health insurance provides peace of mind that no matter how serious your situation becomes, the financial aspect is one less thing to worry about.

Case 4: Detecting and Treating Skin Cancer Early

Crew members spend a significant portion of their time working under the sun, and as a result, they are at a higher risk of developing skin cancer. One crew member took advantage of their health insurance's coverage for regular checkups and discovered several cancerous moles during a routine skin examination. These moles were identified as melanoma, one of the most dangerous forms of skin cancer.

Because the cancer was caught early, the crew member was able to undergo immediate treatment and is now cancer-free. Without insurance, the crew member might have delayed getting the necessary checkup or treatment, which could have led to a more serious, possibly life-threatening condition.

Takeaway: Preventive care is just as important as emergency treatment. Regular health checkups, which were covered by insurance in this case, can catch issues like cancer early when they are far easier to treat and cure.

The Bigger Picture: Why Health Insurance Matters for Crew Members

These four cases highlight an important truth: life is unpredictable. While crew may feel invincible due to their age or physical fitness, health insurance is an essential safety net. Whether it's a severe accident, a long-term illness, or an unforeseen medical condition, the cost of healthcare can escalate quickly, putting an immense financial strain on you and your family.

Additionally, crew members often work in international locations where access to healthcare can be limited or extremely expensive for foreigners. In these cases, having yacht crew insurance that includes coverage for medical evacuation, international treatment, and rehabilitation is invaluable.

These real-life stories remind us of health insurance's importance in safeguarding your health and financial future. For crew, who often work in unique and challenging environments, having the right coverage can make the difference between a quick recovery and a long-term struggle. Don't let the unpredictable nature of life catch you off guard—ensure you're protected with comprehensive yacht crew insurance today.

At MHG Insurance, we understand the unique needs of crew members and are committed to providing the best health insurance plans to protect you no matter where life takes you. Ready to protect your health and financial future? Don't wait for the unexpected—GET A QUOTEtoday!

Imagine you've been planning a safari trip to the Serengeti National Park in Tanzania for months. You've invested both time and money in making this dream a reality. You've booked flights, accommodations, safari tours, and even purchased new gear and clothing for the adventure. Your excitement knows no bounds as you count down the days until departure.

As your departure date approaches, life takes an unexpected turn. Your elderly mom has a fall and is in the hospital with a broken hip, forcing you to cancel your dream vacation. The total financial impact of canceling your safari trip could quickly run into thousands of dollars, depending on the scale and complexity of your journey. Without trip cancellation insurance, this could translate into a significant financial loss.

The Role of Trip Cancellation Insurance

This is where trip cancellation insurance becomes a valuable safeguard. For a relatively modest premium, you can protect yourself from the financial risks of canceling your trip. In all, there are 36 cancellation reasons. Let's explore how trip cancellation insurance can save you money in various scenarios.

If a sudden illness, such as Covid, or injury occurs, and a doctor advises you against traveling, trip cancellation insurance can provide coverage. It typically reimburses portions of non-refundable expenses, such as flights, accommodations, and tour bookings. In case of a family emergency, such as the hospitalization of a close family member, insurance can step in. It can cover the expenses you'd otherwise lose due to last-minute trip cancellations.

If your employer unexpectedly requires you to remain at work due to an urgent project or business matter, trip cancellation insurance can be a financial lifesaver. It can reimburse your pre-paid expenses, ensuring your career doesn't suffer alongside your travel plans.

Imagine a hurricane warning is issued at home just prior to your trip, or your destination is affected by a natural disaster just days before your departure. Without insurance, you'd likely lose all the money you've invested. Trip cancellation insurance typically covers cancellations due to such unforeseeable events. Airlines will not always help you with issues of this kind as they are covered by their “force majeure” clause.

Lastly, if your travel destination experiences political unrest or becomes the site of a terrorist attack, trip cancellation insurance can often cover your losses. This is especially relevant for travelers venturing into potentially volatile regions.

Speak to your insurance professional for a complete list of covered reasons.

The Bottom Line: Potential Savings

If you're considering purchasing trip cancellation insurance, you might be wondering how much money it can actually save you in a real-life scenario. Let’s use the safari trip to Tanzania as an example so that we can estimate the potential savings you could have with trip cancellation insurance.

First, let's consider flights. A round-trip ticket to Tanzania might cost around $1,000. If you have to cancel, the airline's cancellation fee could be an additional $200. Next, let's look at accommodations. A week's stay at a safari lodge could cost anywhere from $1,000 to $3,000 or more.

Safari tours are another expense to consider. Depending on the length and complexity of your safari, you might have prepaid $1,000 or more. Specialized gear and clothing for a safari might add up to $500 or more.

Finally, if you've booked extra activities or excursions, like a walking tour or a guided tour through the local marketplace totaling $500, insurance can cover this loss as well.

In total, your dream safari trip could cost between $3,700 and $6,700. Trip cancellation insurance, which typically costs around 5-10% of your total trip expenses, could be a lifesaver in the event of a cancellation.

Embarking on a safari in Africa is a dream for many, but life is full of uncertainties. Trip cancellation insurance is a smart and cost-effective way to protect your investment and ensure that unforeseen circumstances don't crush your dreams of adventure. By investing a relatively small amount in insurance, you can safeguard your travel plans, ensuring that even if the unexpected occurs, your dream trip doesn't turn into a financial nightmare. So, before you embark on your next adventure, consider the value of trip cancellation insurance—it might just be your best travel companion.

To learn more about a world-class travel insurance plan, talk to an insurance specialist today by visiting mhginsurance.com 

When trying to get into the yachting industry, one of the best assets to have is connections. Not only can they let you know about jobs that may not necessarily be posted online, but you can also get an excellent recommendation from someone already in the industry. Here's your guide to how to network for yacht crew jobs.

How to Network Away From a Port

While one of the best options for building your network will likely be in a city with lots of ports and yacht crews, you may also want to make some connections before moving or visiting a port city. There are plenty of online groups and forums that you can join where you can introduce yourself and let people know you may be in their area. Some groups also post jobs or let users post CVs or resumes.

The downside to these groups is that they're usually large, and getting people's attention is hard. Many job postings on these forums will also be competitive. While it's an excellent way to get a head start on building your network, the best option is to meet people in person.

Fort Lauderdale, USA

As the yacht capital of the world, Fort Lauderdale is one of the best cities in the world to network. The city hosts the annual Fort Lauderdale International Boat Show, one of the largest yacht shows globally, attracting both professionals and enthusiasts from around the globe. The port city has numerous crew agencies, training centers, and yacht-related businesses, making it an excellent place to kickstart your career.

There are also amazing local nightlife scenes to check out to meet other yacht crew. Tap42, Bar Rita, and Waxy's are all infamous bars within walking distance of the yachting district of Fort Lauderdale, and it's a great place to meet people in yachting.

On October 24th, 2023, MHG Insurance will be hosting a networking event for yacht crew, right before the Fort Lauderdale Boat Show. The event promises to be a great opportunity to meet others in the industry. 

Antibes, France

Antibes, located on the French Riviera, is a hotspot for yacht crew networking. After the vibrant summer tourism season, yacht crews are easy to find in the small, picturesque town. Especially as the world’s luxury yachts enter the Mediterranean for the annual Monaco Yacht Show, Antibes is one of the busiest networking areas in Europe.

Yoga and fitness classes are popular among docked crew who find gym memberships hard to keep up with. Many have classes at the beach or parks, and they may be an excellent opportunity to make connections to the industry. There are also bars like Le Blue Lady and The Hop Store or crew houses that offer networking opportunities.

Palma de Mallorca, Spain

Palma de Mallorca, nestled in the Mediterranean, is another popular destination for yacht crew networking. The city is vibrant, full of marinas, crew houses, and training centers. Palma also hosts the Palma Superyacht Show, a significant event that attracts industry experts and potential employers.

Hogan's Burger Bar is a yacht crew's favorite Irish bar that makes all their food from scratch. Corner Bar and Escape Bar are other hotspots to check out. The city is also filled with outdoor sports to get involved in, like scuba diving, paddle boarding, and surfing, which crew love.

Auckland, New Zealand

Auckland, known as the "City of Sails," is one of the most significant yachting destinations in the Southern Hemisphere. With stunning harbors and world-class sailing facilities, it's hard not to love Auckland. The city hosts the Auckland On Water Boat Show, which attracts yacht enthusiasts and industry insiders alike.

While the main attractions for crew on off days are outdoor activities and sports, there are a few hotspots to check out, including Captain's Bar and Carousel. These locations can be great places to meet yachting friends or network.

For anyone in the yachting industry, you're going to need to think about how to insure yourself or your crew. Visit mhginsurance.com to find out what options you have in yacht crew insurance.

Have any other recommendations? We'd love to hear them! Visit us on LinkedIn, Facebook, or Instagram to send us a message.

Selecting insurance for an entire group can be an intimidating task. After all, choosing something for yourself can be difficult, but when everyone has different requirements or interests, trying to make everyone satisfied and happy is a challenge for sure. That’s where we come in!

First off, there is a lot of research to be conducted, quotes to consider, difficult conversations to be had, and potential compromises to be made. That’s before getting into the nitty-gritty of ever-changing rules and regulations. Which is why you should have a basic understanding of yacht crew insurance benefits, because even when you leave it for the experts, you need to know what you are getting yourself into. The different benefit options to be aware of are:

· Medical/Health Insurance

· Life Insurance

· Accidental Death and Dismemberment

· Personal Accident

· Temporary Disability Insurance

· Hospital Indemnity

Medical/Health Insurance

Medical/Health Insurance is typically at the forefront of all benefits packages. Oftentimes being the only benefit offered. While most people are familiar with health insurance, there are still a number of details that need to be reviewed and considered. How much is the deductible? Is there a co-pay? What is the co-insurance? Does it include dental, vision, and/or disability? Feeling overwhelmed? Please feel free to contact us for assistance and guidance on what plan would fit your yacht crew best.

Life insurance

Many consider life insurance as a personal or “luxury” option, but there are a growing number of yachts that are including life insurance coverage as a part of their overall benefits package. Offering coverage for your crew can give them some assurance that if anything happens to them while they are at sea, their loved ones will be better protected financially back home. Typically, coverage amounts are fixed in increments of $10,000, up to $100,000.

Accidental Death and Dismemberment

Accidental death and dismemberment, also known as AD&D, is very similar to life insurance. The difference is that there is only a benefit from an accidental death, or dismembering injury. This type of insurance typically provides coverage 24/7, not just while at work.

Personal Accident

Often referred to as PA cover, personal accident insurance will pay out a sum of money for permanent injury (and sometimes permanent illness). It is often confused with medical insurance; however, it doesn’t provide coverage for any medical bills or doctors’ appointments, it simply provides a one-time payment after experiencing a permanent injury or illness.

Temporary Disability Insurance

Temporary Disability insurance is a great way to offer coverage for your crew in the event they get sick or hurt and cannot work for a short period of time. Having this policy will cover a percentage of the person’s wages if they are unable to perform their occupation and can last for up to two years due to an injury or illness. If the disabling event becomes permanent, the personal accident (if purchased as above) may kick-in and pay a lump sum.

Hospital Indemnity

Hospital indemnity insurance is similar to disability insurance, in that it provides an added benefit. Depending on the policy, it provides a benefit each day your crew member is in the hospital. For example, if someone were hurt on the job and had to go to the hospital, the insurance would pay that person $100 per day that they are admitted in the hospital. This does not cover their hospital bills; it just provides the person with an added benefit.

Having proper insurance is important whether you are at sea or docked at a shipyard. MHG is your specialized broker when it comes to crew insurance. Our insurance specialists have the knowledge and experience to find the policy that works best for you. If you are interested in purchasing, or have any questions about yacht crew insurance or travel insurance, please contact us at +1 954 828 1819 or +44 (0) 1624 678668 or visit mhginsurance.com.

A new year is upon us, which means that many of you are planning out the year ahead and have a general idea of your goals and targets. But one area you may not have considered thinking about is your insurance. More specifically, how using a broker can help you!

Time and time again, we come across people who have the wrong idea of what an insurance broker is and why they are actually advantageous to the consumer. So, how can using a broker help you have a successful year, you might ask? Simple, we work for you! Think of us as another employee or someone you have contracted to work to get you the best coverage, the best price, and continue to work on your behalf all the way through any potential claims. It is important to take the time to find a quality, reputable broker to work with you in fulfilling your insurance needs. Not only will it be time well spent in the beginning when finding a plan, but it will also serve you well for the entire time that you have private health insurance needs, on a yacht or wherever your travels may take you.

What Does a Broker Actually Do That You Cannot Do Yourselves?

First, they spend all day, every day dealing with insurance. They know the insurance industry, they live and breathe insurance, and they understand all the confusing terminology and phrases, which hopefully they can explain to you in a straightforward, no-nonsense way. They also know the insurers, and the people who work there, which is a significant advantage over you calling a toll-free number and hoping for the best.

Second, insurance brokers evaluate and research the marketplace on a regular basis. A reputable broker knows the dynamics of the insurance industry, what the headlines are, what is no longer relevant, and which carriers provide consistent service. Nothing is more frustrating than finding an insurance plan that fits your needs, only to realize at time of claim that the company does not deliver.

Finally, as stated before, a broker advocates and works on your behalf. When a situation arises where a helping hand is needed, you can turn to your broker for assistance, leaving you to continue to concentrate on your work.

But What About Costs?

Have you ever heard the saying, “brokers make you broker”? That saying could not be further from the truth. In contrast, working with a broker can save clients both time and money, in addition to frustration. Insurance brokers receive their compensation from insurers, but that does not (or should not) cloud the judgment of a good broker to recommend whatever policy is most appropriate to the situation as presented by you, the client. At the end of the day, utilizing an expert for the same price as doing everything yourself can only have a positive impact on your bottom-line.

Brokers Can Offer More of a Selection

One benefit of an insurance broker is the selection of policies and plans. Typically, brokers can help you select insurance from a variety of different companies. Different insurance companies offer different plans, so having access to plans from multiple companies can afford you the opportunity to find the coverage that fits you best and fits your budget best.

Also, depending on the insurance brokerage they may sell different types of insurance, allowing you to have a one stop solution for all your insurance needs.

Brokers Do Much More Than Sell Insurance

While brokers may act as the middleman between you and the insurance company, they can be so much more than that. An insurance broker will conduct research for you, file and assist you with the claims process, and work to get you the best coverage option for your situation. Often times a broker has direct connections with decision makers at the insurance companies so you may not have to sit on a 1-800 line for a long time, only to learn someone doesn’t have the authority to help you. Brokers also know which carriers provide consistent service, allowing you to avoid companies that may not deliver the level of care that you deserve at time of claim.

We Work for You!

As brokers, we do not work for any insurance company, we work for you! Our goals are to please you, and make sure all your questions and concerns are handled. If you think about it, with all the benefits of using an insurance broker, it is certainly better than just going out and buying a policy from an insurance agent. Will an agent fight for you and your best interests?

What sets MHG apart from other brokers?

MHG is one of the leading companies to push for crew benefits across both the yachting and cruise industries. 30 years ago, the marine industry started to boom, and MHG has been there from the beginning championing the wellbeing and livelihoods of crew members around the globe. 

With our growth in the industry and MHG becoming more and more diverse, MHG also began to offer other areas of coverage such as travel, travel medical and life.

As you can see, using an insurance broker offers a number of benefits, from saving you time, money, stress, etc., helping you focus on your upcoming year ahead. Are you interested in working with an insurance broker to help you achieve your goals? Contact MHG today! Give us a call at 954-828-1819, or visit mhginsurance.com.

One trend that comes and goes over the years is insurance companies offering cheap plans to grow their business. However, businesses can’t afford to continue to operate on low (or negative) margins, so the customers are the ones who end up suffering. Low-cost insurance rarely ever means low cost in the long run. It seems to happen more and more, insurance companies offering lower cost insurance, but when customers go to use their benefits, the struggle begins. Insurance is an intangible product, which means one must put trust into it. So, when promises aren’t kept, or proper due diligence isn’t followed, you can see why low-cost insurance is rarely ever low-cost.

Pick Two

Good, quick, and cheap. It’s impossible to have all three. Often, the one that gets sacrificed unknowingly is good, as people value their time and money. Therefore, when it comes to trying to save money on insurance, one can expect to receive delayed quotes, slower service, claims issues, just to name a few. Saving time and money now, very well could cost you a lot of time and money when it comes time to use your policy.

Save Now, Pay Later

Now it’s time to get to the nitty gritty on how a low-cost insurance policy will cost you later. The main reason, those who opt for cheaper insurance end up paying more in the long run because of a lack of coverage that was unknown to them when trying to use their insurance, or even worse, no coverage at all. Picture yourself being involved in an emergency situation that ends up with you being in the hospital requiring medical attention. The last thing you want to worry about in that scenario is being on the hook for the entire hospital bill which could end up being tens of thousands, if not hundreds of thousands of dollars.

David vs. Goliath

“If I don’t receive the benefits that were in writing, I can always hire a lawyer!” While this is true, insurance companies are usually very large, so going toe to toe with one is no easy task if you have a dispute with the plan that you have purchased. Even if the consumer is completely in the right about a particular claim or situation, the costs and time involved can be substantial.

The Benefit of a Broker!

Insurance Brokers often get a bad reputation but using a reputable insurance broker can help you avoid situations like this. For one, the majority of brokers are well-versed with the ins and outs of the insurance industry and can help you avoid a negative trend that you may otherwise know nothing about. Not to mention, brokers work for you! Brokers typically operate at no extra cost to you, just as it would be if you went straight to the insurance company to get your plan. Only with a broker, you have someone else working on your behalf. 

Having proper insurance is important in every aspect of life. Whether you are at sea needing international coverage, looking for proper life insurance coverage, going on a vacation, etc. MHG is your specialized broker. Our insurance specialists have the knowledge and experience to find the policy that works best for you. If you are interested in purchasing, or have any, please contact us at +1 954 828 1819 or +44 (0) 1624 678668 or visit us online at mhginsurance.com.

Making a decision on behalf of a group of people can be a difficult task. The pressure of making everyone happy tends to be a challenge no matter what the decision pertains to. So, making a decision for a group when it comes to their healthcare and wellbeing, the stakes get raised. We know how hard the process can be trying to decide a yacht crew insurance plan for an entire group, when each individual has different wants and needs. That is where we excel, using our experience to navigate benefits, budgets, and stress levels. Use the following points when trying to select a yacht crew insurance plan for your group!

Factors to consider include how many crew will be on the plan, as well as the ages of the crew, and what type of policies you are looking for. You should also be considering plan features such as dental and/or disability, as it is difficult to find and keep good crew members! Call us at 954-828-1819 if you have any questions or would like a quote.

Medical/Health Insurance

Medical insurance speaks for itself. Many of us are familiar with it because of the amount of times that we use it. However, there are many different aspects of a plan to consider. What’s the deductible? Is there a co-pay? What about co-insurance? Does it include dental and vision? If you feel overwhelmed, please feel free to contact us for assistance and guidance on what plan would fit your yacht crew best.

Life insurance

While having life insurance is a personal option, there are yachts that include life insurance coverage as part of their benefits package. Offering coverage for your crew may give them some assurance that if anything happens to them while they are at sea, their loved ones will be more able to cope financially back home. Typically, the coverage amount is fixed in increments of $10,000, up to $100,000.

Accidental Death and Dismemberment

Accidental death and dismemberment, also known as AD&D, is very similar to life insurance. The difference is that there is only a benefit from an accidental death, or significant dismembering injury. This type of insurance typically provides coverage 24/7, not just while at work. Generally, the benefit is 3 times the person’s salary.

Personal Accident

Personal accident is a crucial insurance policy for your crew members. Oftentimes referred to as PA cover, personal accident insurance will pay out a sum of money for permanent injury (and sometimes permanent illness). It is often confused with medical insurance, but it doesn’t provide coverage for any medical bills or doctors’ appointments, it simply provides a one-time payment after experiencing a permanent injury.

Disability Insurance

Disability insurance is a great way to offer coverage for your crew in the event they get hurt and can’t work for a short period of time. Having this policy will cover a percentage of the person’s wages if they are unable to perform their occupation and can last for up to two years due to an injury or illness. If the disabling event becomes permanent, the personal accident (if purchased as above) may kick-in and pay a lump sum.

Hospital Indemnity

Hospital indemnity insurance at first glance would make you think that it covers hospital visits, however that is not the case. Think of this type of insurance as a poor man’s disability insurance. Depending on the policy, it provides a benefit each day a crew member is in the hospital. For example, if someone was hurt on the job and had to go to the hospital, the insurance would pay that person $100 per day that they are admitted in the hospital. This doesn’t cover their hospital bills, it just provides the person with an added benefit.

Features That Are Not Features

While the above list is not exhaustive of every option and feature, one thing to note is that some insurance providers tout features that do not hold true. For example, there is no such thing as a Maritime Labour Convention (MLC) compliant yacht crew insurance. It sounds good, but it means nothing. Another thing to be wary of is a plan that says ‘unlimited coverage’. Almost always with international policies, there are restrictions and limitations on the benefits such that the ‘unlimited’ part is actually quite ‘limited’.

Having proper insurance is important whether you are at sea, or docked at a shipyard. MHG is your specialized broker when it comes to crew insurance. Our insurance specialists have the knowledge and experience to find the policy that works best for you. If you are interested in purchasing, or have any questions about yacht crew insurance or travel insurance, please contact us at +1 954 828 1819 or +44 (0) 1624 678668 or visit us online at mhginsurance.com. 

It’s not easy trying to decide what the best yacht crew insurance benefits plan is for yourself, let alone an entire group of crew members. After all, everyone has different needs and wants, and trying to accommodate everyone so that all parties are happy and satisfied is nearly an impossible task. To start things off, there is a ton of research to be done, quotes to look over, and conversations to be had. That is before getting to the part of trying to address the potential turnover among crews, ever-changing rules, and regulations, and most importantly setting your vessel up to try and attract the top talent out there. Which brings us to our next point, offering a competitive benefits plan can be the key to keeping existing crew members happy ad engaged. Don’t know where to start? That is where we come in!

Medical/Health Insurance

Health or medical insurance can speak for itself. While most people are aware of or have experience with health insurance and what comes with it, there are many different aspects of a plan that needs to be considered. How much is the deductible? Is there a co-pay? What is the co-insurance? Does it include dental, vision, and/or disability? Feeling overwhelmed? Please feel free to contact us for assistance and guidance on what plan would fit your yacht crew best.

Life insurance

While most people may consider life insurance as a personal option, there are a growing number of yachts that are including life insurance coverage as a part of their overall benefits package. Offering coverage for your crew can give them some assurance that if anything happens to them while they are at sea, their loved ones will better protected financially back home. Typically, the coverage amount is fixed in increments of $10,000, up to $100,000.

Accidental Death and Dismemberment

Accidental death and dismemberment, also known as AD&D, is very similar to life insurance. The difference is that there is only a benefit from an accidental death, or dismembering injury. This type of insurance typically provides coverage 24/7, not just while at work.

Personal Accident

Personal accident is similar to dismemberment coverage and is an important insurance policy for your crew members. Often referred to as PA cover, personal accident insurance will pay out a sum of money for permanent injury (and sometimes permanent illness). It is often confused with medical insurance; however, it doesn’t provide coverage for any medical bills or doctors’ appointments, it simply provides a one-time payment after experiencing a permanent injury or illness.

Temporary Disability Insurance

Temporary Disability insurance is a great way to offer coverage for your crew in the event they get hurt and cannot work for a short period of time. Having this policy will cover a percentage of the person’s wages if they are unable to perform their occupation and can last for up to two years due to an injury or illness. If the disabling event becomes permanent, the personal accident (if purchased as above) may kick-in and pay a lump sum.

Hospital Indemnity

Hospital indemnity insurance at first glance would make you think that it covers hospital visits, however that is not the case. Think of this type of insurance as a poor man’s disability insurance. Depending on the policy, it provides a benefit each day your crew member is in the hospital. For example, if someone were hurt on the job and had to go to the hospital, the insurance would pay that person $100 per day that they are admitted in the hospital. This does not cover their hospital bills; it just provides the person with an added benefit.

Features That Are Not Features

While the above list is not exhaustive of every option and feature, one thing to note is that some insurance providers tout features that do not hold true. For example, there is no such thing as a Maritime Labour Convention (MLC) compliant yacht crew insurance. It sounds good, but it means nothing. Another thing to be wary of is a plan that says, ‘unlimited coverage’. Almost always with international policies, there are restrictions and limitations on the benefits such that the ‘unlimited’ part is quite ‘limited’.

Having proper insurance is important whether you are at sea or docked at a shipyard. MHG is your specialized broker when it comes to crew insurance. Our insurance specialists have the knowledge and experience to find the policy that works best for you. If you are interested in purchasing, or have any questions about yacht crew insurance or travel insurance, please contact us at +1 954 828 1819 or +44 (0) 1624 678668 or visit us online at mhginsurance.com.