The need for a Professional Skippers Liability policy in Australia has been widely communicated over the last 18 months with many industry meetings held and articles published.
Like every business, Professional Skippers risk being held liable for causing injury or property damage. Until now, Professional Skippers have had to rely wholly on the protection afforded to them under the Boat Insurance policy that they are skippering. The problem with this are the potential for gaps in cover that could leave the Professional Skipper uninsured including:
Exclusion applying to Professional Skippers under the Boat Insurance policy
The Boat Owner allowing the Boat Insurance policy to lapse leaving the boat uninsured
Cover is issued under a Ship Repairers Liability Insurance policy wording providing cover for boats in your Care, Custody & Control.
Underwritten by certain insurers at Lloyds of London.
Geographic Limit of 200 nautical miles from coast of Australia (allowing interstate deliveries).
$10 million cover provided.
Network Marine’s NEW Professional Skippers Liability Insurance provides protection against the skippers liability for accidents that occur while in charge of a third party owned Watercraft including charter vessels.
Professional Skipper activities that will be insured include:
Skipper a privately owned boat while boat owner or hirer entertains family, friends, colleagues.
Transferring a privately owned boat from one part of Australia to another.
Delivery of a sold boat within Australia from manufacturer to state of purchaser
The policy highlights include:
Cover is issued under a Ship Repairers Liability Insurance policy wording providing cover for boats in your Care, Custody & Control
Underwritten by certain insurers at Lloyds of London
$10million cover provided
Geographic Limit of 200 nautical miles from coast of Australia (allowing interstate deliveries)
The Main Policy Conditions include:
The maximum value of any one vessel you skipper must not exceed $5,000,000
You must issue standard terms & conditions relating to your skipper services to your customers. This is standard practice for most business and is intended to provide you (and your insurers) with stronger defence for claims that are made against you.
Here are some commonly asked questions about Marine Skippers Liability.