Personal Watercraft Insurance, Boating Industry and Liability Concerns
If you’re involved in the boating industry, it’s vitally important to have a plan in place to protect your business in the event that liability issues crop up.
Today no business is immune from litigation. This point was driven home when Channel Islands Surfboards, the largest surfboard manufacturer had a lawsuit filed against them by a surfer who was injured while using one of their boards. He claims that the fin was too sharp and therefore resulted in an injury to his leg. Almost two years later, this lengthy and expensive legal situation continues it’s slow journey through the court system.
It may seem obvious that surfing is dangerous and coffee is hot, but that may not protect your company from a liability lawsuit. Regardless of the outcome, it’s easy to see how a lawsuit like the one facing Channel Islands Surfboards can have devastating financial effects on any business. That’s why proper planning with a marine insurance agency is so important, from water sport insurance, yacht club insurance, charter fleet insurance, passenger boat insurance and water ski school business insurance there are policies to cover all types of businesses in the boating industry.
