PROFESSIONAL SKIPPER'S LIABILITY INSURANCE
The Professional Skipper's Liability Insurance covers the statutory liability ofthe policy holder in his capacity as professional skipper/master of a yacht up to a maximum of 100 tons.
The boat liability insurance for the yacht you are sailing is always required to pay out first, meaning that the Professional Skipper's Liability Insurance always pays out on a secondary basis.
5/10 Mio Euro
overall insured amount / for personal injury and damage to property. The total compensation payable for all insured events in a year amounts to twice this insured amount.
According to the contract, the following are also insured:
- Damage to the operated yacht caused by proven gross negligence
- Compensation claims of the entire crew among one another
- Security deposits up to EUR 100,000.00 for confiscation in foreign ports
- Claims of the owner for loss of charter income as a result of culpable significant damage to the yacht up to EUR 20,000.00
Dear Professional Skipper,
in the normal course of events the yacht you are sailing will be covered by liability and hull insurance. Nevertheless, it repeatedly is the case that the insurer will not pay out in certain cases, or the amount of cover is insufficient or the terms of the agreement are too restrictive.
A few examples should be enough to emphasize why every commercial skipper would be advised to also have the supplementary protection of Professional Skipper`s Liability Insurance.
When entering the boating harbour at Marmaris the skipper fails to notice an incoming yacht. A collision occurs. The amount of cover under the liability insurance for the yacht is insufficient to settle the amount of damage sustained by the damaged yacht. The gap in the cover is filled by your Skipper`s Liability Insurance, which covers personal injury and damage to property up to EUR 5,000,000.00.
If, as a result of a damage event of this kind, the yacht is impounded, any security deposit up to EUR 50,000.00 is likewise insured under the supplementary Professional Skipper`s Liability Insurance.
While on a cruise around Mallorca the yacht capsizes in a storm. A member of the crew is lost at sea. The relatives sue the professional skipper because he supposedly failed to notice shallows. The boat liability insurance for the yacht does not cover any claims of those on-board against the skipper. In this case, too, the Professional Skipper´s Liability Insurance will pay out. In the case of damage to property a deductible of EUR 150.00 will be payable.
The following could also happen to you: The hull insurance company refuses to compensate for the damage caused to the yacht operated by you due to gross negligence. The owner demands that you pay for this damage. Damage events of this type, where there is officially proven gross negligence on the part of the policy holder, are insured up to the sum of EUR 550.000.00 with a deductible of EUR 2,500.00 - after deposit - under the terms of our extended Professional Skipper´s Liability Insurance.
If, due to damage for which you are culpable, a following charter has to be cancelled bacause the yacht is not delivered in time from the boatyard, the proven loss of charter income is also insured up to EUR 17,500.00, however, the first three days of loss of charter are treated as a deductible payable by you.