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post #20 of Old 03-11-2013
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Re: Professional Liability Insurance for delivery or hiring crews

Forming an LLC that is the contracting party, which you own and work for, will do absolutely nothing to reduce your liability. You are still responsible as Captain.

A great point was made above about the owner's insurance trying to subrogate their loss against you, if you were the cause. You may want to ask for a waiver of subrogation from the insurance company. The owner can buy that feature, which limits the insurance company's options and, therefore, costs a bit more.

I got a real chuckle thinking of this. The delivery Captain that I use for any passage of significance is way more experienced than I. Multiple trips per year, back and forth from the Caribbean. The insurance company should lower my rate, when he has the boat!!

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Jeanneau 54DS

In the harsh marine environment, something is always in need of repair. Margaritas fix everything.
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