You can read to your hearts content all of the information at Moorings dot com. Moorings is the biggest charter company in BVI/Tortola.
If you are comfortable enough with your sailing skills to sign the contract and take responsibility for any and all damages that may occur during your charter, then the charter company is probably comfortable with their insurance provider to repair the damage you caused. There was a good analogy I read previously comparing chartering to car rental. At Hertz/Avis... they don't ask a lot of questions about your driving skills, they look at a document (drivers license or in this case a CYA card) verifying you have some level of training and away you go. If you have any doubts about your ability it may be wise to hire a charter captain for a day or two to make sure you are comfortable. This would be a small additional fee of about $150/day plus food. Sort of a cheap insurance policy.
Last edited by FarCry; 02-05-2008 at 12:17 PM.