Time to Talk Coverage

Changes in the insurance landscape are forcing race officials, yacht clubs and sailors to look more closely at their coverage.

GARY JOBSON

Adequate insurance coverage is an essential part of our lives. Boats, homes, automobiles, health, art collections and businesses should be properly covered, and the same is true for individuals who manage our sport, especially races officials, instructors and coaches training our youth sailors and adults on the water every day. For many years, US Sailing carried an insurance policy that provided coverage for race officials and sailing instructors, but recent accidents and subsequent settlements are prompting many of our institutions and race officials to look more carefully at their coverage and exposure. Previously, US Sailing’s basic policy provided up to $1 million in coverage per incident and up to $20 million in excess coverage. Insurance for a large portion of American yacht clubs has been provided by Chubb Limited and…

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Sailing World (Digital) - 1 Issue, Summer 2022

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