What is Marina Operators Legal Liability Insurance?
Marina Operators Legal Liability insurance provides protection for the liability exposures such as repair, alteration, service, maintenance, storage, mooring, hauling or launching, and fueling associated with the operation of a marina. This also includes exposures related to visitors and other third parties visiting the location as well as the care custody, and control of watercraft vessels. The coverage may include both land and waterborne exposures located at the marina. Polices normally provide coverage for private pleasure vessels but may be endorsed to cover commercial vessels should one dock at the marina.
Why should a marina operator purchase this insurance?
A marina operator is responsible for affording vessels that make use of its facilities with a safe berth. To that end, the marina operator must advise a vessel operator of any hazards or deficiencies associated with the marina or the berth that the vessel is to moor in. When the marina operator fails to do this, the operator becomes liable to the vessel operator for damage that results from the unsafe berth.
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