There are a number of reasons to consider marina liability insurance for your company. Marinas can face a number of risks and challenges in everyday operation. This can include both weather and potential risks posed by human error or damaged property. Liability coverage is one way to protect your business, employees, and clients in the event of an accident.
Liability coverage has several important things it can cover. In the event that an accident occurs on your property and you or your company is held liable, this policy can take care of any medical costs incurred by the injured party. It may also cover costs to damaged property not owned by the company. Another thing liability coverage can help with is court costs. Your policy may include hiring a defense as well as settlements or damages. Liability coverage may also include access to risk assessment programs or safety training. These programs can help you mitigate risk before an incident occurs.
Including marina liability insurance in your policy can help cover the cost of damages of medical needs in the event of an incident. Your policy may even have terms to cover any legal proceedings. Many liability policies also offer programs for risk assessment that you may want to consider as well.