Owning a yacht club can be prestigious. Love of the sea combined with magnificent vessels makes for an exhilarating and fulfilling lifestyle and career. Smooth sailing is what is hoped for, but weathering the occasional storm is part of the mariner’s life. Peace of mind for the rough patches can be achieved with the proper yacht club insurance.
Although one of the more mundane business fundamentals, policy coverage is extremely important. Without hitting the key facets of your business, the organization may be left with holes in its safety net. One mistake here can be the difference between survival or closure. Lay out a clear outline of all the major components of the yacht club, making sure each area is checked off with its coverage.
The future always holds surprises. On the open sea, mother nature has the upper hand. Even with up-to-date equipment and training, accidents happen. Looking forward with an eye toward risk and covering potential damage can help mitigate loss. Being prepared while on board and being prepared in business terms are both important.
Although dry, business fundamentals are essential to running a yacht club. Utilize a professional and navigate the options to create a policy that suits your business. Yacht club insurance is the required safety net. Weather the storm and break through to the sunshine.