In recent years changes in legislation, legal decisions and escalating costs have all forced club committees and officials to look very closely at their Yacht Club
Insurance Cover.
We present a package, evolved over many years of dealing with specialist needs of Yacht Clubs, which contains all the covers the average club will require, enabling a selection to be made based upon the particular circumstances of your club, to create a tailor made Insurance Policy.
Protection of your buildings and their contents, including items such as members personal effects, cups and trophies, consumable goods, deep freeze units, wines, spirits, cigarettes, etc. Cover is provided on an “All Risks” basis, and represents a major advance over the more traditional “Fire and Special Perils” basis, in that it provides a wide comprehensive cover which includes losses due to accidental damages.
Here again, the cover is “All Risks” offering protection against the physical loss of money, including compensation for damage to safes or tills by thieves and providing Personal Accident Assault Cover.
Many operations fail to recover from a major loss despite having adequate Material Damage cover their “bricks and mortar” and “contents”. Such failures can often be attributed to their having neglected to insure adequately for the possible loss of revenue, following on from a material loss.
Available on an “All Risks” basis, to offer the same wide modern cover as that for your property, our package affords protection in two ways:
Loss of Turnover: following the occurrence of a claim under your property insurance, this cover will make good any deduction in turnover suffered during a pre-selection period of time-the indemnity period-or until your revenue has been returned to normal, whichever period is the
shortest.
Increase cost of working: to allow for the expenditure of money to reduce the effects of a loss, provided that this expenditure does not exceed the saving produced.
Cover for the boats owned by your club (as distinct from your club members boats), i.e. tenders, rescue boats, etc. The section offers cover against loss or damage to club boats and legal liabilities to third parties, including damages arising of accidental death or injury or damage to third property such as piers and jetties. Cover is also provided to meet the cost of defending claims.
€13m Indemnity is provided in respect of your legal liability to pay compensation to employees for death, injury or sickness arising out of their employment by the club.
The cover includes legal costs incurred by your club in the defence of claims.
An indemnity of €2.6m (higher limits available) any one occurrence, is provided in respect of your club’s legal liability to provide compensation to third parties for:
We are usually able to offer this cover as an extension of the property insurance section, subject to the piers and jetties concerned being in a goods sate of repairs, and regularly maintained.
Note: certain sections cannot be taken in isolation
Please contact us to request more information.
http://www.affinityinsurance.ie