Call Us Today For A Free Quote | 800.342.4444
Voyager Insurance Services Serving You For 58 Years
 

people on boatA boat charter service can be profitable in many areas. If you are planning to start such an operation, it is important to consider more than the basics. 

Yes, you’ll need dock space, a boat, and a marketing plan. You will also need to choose the right boat insurance plan for your business. Obtaining boat insurance is not hard to do. But, when you are operating a boat for business, you will likely need to consider more extensive coverage. More coverage offers more protection to your assets and your finances.

Focus on Protecting Your Assets

The first step in insuring your boat charter service is to protect your assets. This includes the boat as well as equipment and any valuable items you plan to store on your charter. 

For example, you might offer diving services. Estimate the value of the gear. Then make sure your insurance plan offers enough value to cover it in the event of an accident. If you own the dock you will operate out of, it also needs to have insurance in place.

Mitigating Liability with Yacht Insurance

Another important step in protecting your new business is to minimize liability risks. 

Basic boat insurance provides a general liability plan. This may offer some financial protection from minor claims such as slips and falls. However, this basic plan is often not enough for business risks.

Boat insurance plans for businesses like this should have more value. An umbrella liability plan, for example, may be necessary. 

Businesses have a higher level of risk. These include those related to clients slipping and falling, injuries related to alcohol use, and damage to the boat itself if it strikes another vehicle or dock. Your business is valuable. It is important to upgrade your boat insurance plan to ensure high coverage.

Boat insurance for charter services should be representative of your business’s value. Work closely with a boat insurance provider to ensure you have comprehensive financial protection in place. You should have coverage before you actually begin your business. The good news is these types of policies can help reduce your financial risks. They can also help keep your business operational if there is a boat-related accident or incident. 

Along with comprehensive business insurance, the right boat insurance keeps your business operational. To choose the right policy, you need to weigh if you need high coverage levels. Visit Voyager Insurance’s website to compare boat insurance options. You can also get quotes online or by calling us at (800) 262-8990.

Share |


No Comments


Post a Comment
Name
Required
E-Mail
Required (Not Displayed)
Comment
Required


All comments are moderated and stripped of HTML.
Submission Validation
Required
CAPTCHA
Change the CAPTCHA codeSpeak the CAPTCHA code
 
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive


View Mobile Version
Instant Quote
Referrals
We love referrals! And thank you even more for your continued business.
Customer Service
Self policy service any time of the day, directly from our website.
Join Our Newsletter
Stay in touch with the latest events, news and offers we have.
From Our Blog From Our Customers


Read More Read More
Facebook Twitter LinkedIn Google+
Stay In Touch With Us Helpful Site Links Contact Us
Sign up now to receive news and updates 7011 Main Street
Frisco, TX 75034

Ph: 972.712.8000
Ph: 800.342.4444
Fx: 972.712.4400

service@voyagerinsurance.net
We have the expertise to find you the right coverage at the right price 
Powered by Insurance Website Builder