A charter is being arranged on a gorgeous, multimillion dollar yacht. Right now, everyone is focused on the fun and relaxation of the upcoming holiday, but what if the charterer or guest caused an accident while onboard? The damage is significant, and the charterer is left liable. Depending on the terms of their insurance policy and the charter agreement, the vessel owner may or may not have coverage for the accident or incident.
Protect yourself, or your clients, with a Yacht Charterer’s Liability policy. This type of policy can help indemnify the charterer against the legal liabilities, costs, and expenses that could arise, giving your clients peace of mind knowing that their risks are mitigated in the unfortunate event of an accident.