SailNet Community - View Single Post - Types of insurance
View Single Post
  #7  
Old 03-11-2013
sailvayu's Avatar
sailvayu sailvayu is offline
Senior Member
 
Join Date: Feb 2013
Location: Wilmington, NC, for now
Posts: 170
Thanks: 1
Thanked 8 Times in 8 Posts
Rep Power: 2
sailvayu is on a distinguished road
Re: Types of insurance

Oh yeah if the capt is found negligent and has some worth you can bet the insurance company will go after him. It is rare though and most yacht claims are small even a CTL when compared to commercial loss. I am sure there are cases where it has happened more likely with loss of life. I am not aware of a specific liability insurance for captains such as error and omission for a consultant (or surveyor.) You bring up some good points but are reaching the limits of my knowledge of marine law lol

Capt. Wayne Canning, AMS
Project Boat Zen - Boat and Yacht Repair and Restoration
Reply With Quote Share with Facebook