Private club organizations often operate without a profit even if they do not seek an official nonprofit status. The point is not usually to bring a return to members but to adequately charge to cover costs between membership, fees, and additional income streams developed by the club. Still, liability and property coverages similar to business insurance are usually necessary, especially if your club has employees. The right sailing club insurance program can anticipate these needs and quote a comprehensive policy that is easy to update if your club expands.
What Does a Sailing Club Policy Cover?
Most club programs are based on the marina programs offered by experienced marine insurance companies. That means they have the infrastructure assumptions to support additional coverages beyond the basics if you offer short-term rentals to the public, classes, or any other activities that are open to nonmembers.
- Facility & grounds coverage
- Member property
- Hull coverage for stored vessels
- Regatta coverage
- Chartering
- Sailing school and training coverages
Additionally, these programs usually have the ability to fold in commercial vehicle, liability, and even employment insurance options. They may not be part of the program’s basic offerings, but the right marine insurance provider will have the reach to pull those policies from other programs in the service of simplifying your sailing club insurance. All it takes is a quote request.