Skipper`s Liability Insurance covers the statutory liability of the policy holder in his capacity as a charterer and operator of a yacht - anywhere in the world.
As a rule, charter vessels are covered by both liability and hull insurance. Skipper's liability insurance is an important coverage supplement for skipper and charter crew. In certain cases, the yacht liability or hull insurance of the charter yacht may not provide coverage or the coverage amount or scope may not be sufficient. These risks are covered by our skipper liability insurance.
The insurance policy (based on the General Terms and Conditions for Third Party Liability Insurance -AHB- and the Special Terms and Conditions for the Skipper`s Liability Insurance -SH 0219) covers:
- Damage to a chartered yacht where gross negligence is proven.
- Compensation claims of the crew members among one another.
- Security deposits up to EUR 125,000.00 where the yacht is impounded in a foreign port.
- Claims of the owner for loss of charter income as a result of culpable significant damage to the yacht up to EUR 25,000.00.
The cover sum is EUR 10,000,000.00 or EUR 15,000,000.00for personal injury and damage to property.
The total compensation for all insured events within one year is double the amount of this compensation
Skipper liability examples
When entering the marina, the charter skipper overlooks an incoming yacht. A collision occurs and the incoming yacht is severely damaged. The liability insurance sum of the charter yacht is not sufficient to pay for the damage incurred. This coverage gap is closed by the skipper's liability insurance, which covers personal injury and property damage up to EUR 10 million.
Should the yacht be chained in a foreign port in the event of such a claim, a required security deposit of up to EUR 125,000.00 is automatically included in the skipper's liability insurance.
During a cruise around Mallorca, the charter yacht capsizes in a storm. One crew member is seriously injured. The skipper is held liable because he allegedly overlooked a shoal. The boat liability insurance of the charter yacht does not cover any claims of the crew members against the skipper. Here, too, the skipper's liability insurance provides cover within the scope of the contract, with a deductible of EUR 150.00 for property damage.
The hull insurance company refuses to pay the damage to the chartered yacht due to gross negligence. Such damage events are covered up to a sum of EUR 550,000.00 with a deductible of EUR 2,500.00 (after deposit) under the skipper's liability insurance in case of officially proven gross negligence of the policyholder.
If, due to damage for which you are responsible, a firmly booked subsequent charter has to be cancelled because the yacht did not come out of the shipyard in time, the proven charter loss is also insured up to EUR 25,000.00, whereby the first three days of charter loss are charged to you as an excess.
For only EUR 10,- additionally (annual coverage EUR 20,-) you get our comprehensive legal protection insurance to the skipper liability insurance. (We can offer this only for german residents)
Important:
- Due to technical insurance reasons we offer this product only for residents of EU Member States as well as Norway. Unfortunately we can no longer offer skipper's liability insurance to Italian and UK (Brexit) residents due to technical insurance reasons. We have to inform you that legal expenses insurance for skipper and crew is available only for German residents.
- For non-German residents the insurance tax of the home country is valid, nevertheless the total premiums listed here do not change.
- Please make sure to add any possible banking fees which are payable by the policy holder.
