Owning a marina sounds like a dream job, and it many ways, it is. Anybody who loves sailing can enjoy the water and build a business by providing sailors with a place to dock their watercraft. A job like this certainly comes with liabilities, though, and you might wonder how to best protect yourself. Investing in insurance for marinas is one of the best options, and you can learn more about the coverage that is typically included in a policy.
Don’t Pay the Price for Another’s Mistake
One of the biggest pitfalls of operating a marina is the risk you adopt every time you do business with somebody else. If their yacht leaks or needs to be towed, for example, there are some circumstances that might leave you footing the bill. Insurance might cover the following:
- Legal liability for removing sunken wrecks
- Oil leaks from a yacht
- Damage to watercraft and personal effects
As a marina owner, you can protect yourself against such risks by investing in insurance for marinas.
Focus on Business
Liabilities like those mentioned above are often a distraction from what matters most: running your business and serving yachters. When you know your police has you covered, you don’t need to worry about distractions that risks can cause.