Professional Skipper Liability Insurance

The professional skipper liability insurance covers the legal liability insurance of the policyholder as a professional skipper/guide of a yacht of up to 200 tons. The coverage is 3.000.000- EUR or 6.000.000- EUR as a lump sum for personal injuries and property damage. The total sum for all insurance cases of a year is twice the sum insured.

Conditions
Covered under the extended professional skipper liability insurance is the legal liability of the insured person arising from the private and commercial operation of chartered/third-party-owned sailing and motor yachts with a maximum of 3000 horsepower or 400 square meters of sail area. The coverage amount is limited to EUR 3,000,000 or EUR 6,000,000 for personal injury and property damage, and additionally EUR 100,000 for financial losses. The yacht liability and hull insurance of the yacht is always required to provide primary coverage, meaning the professional skipper liability insurance will always provide secondary coverage.

Coverage

• Damage to the chartered yacht in case of proven gross negligence up to 550.000- EUR (in case of damage, a deductible of 2.500- is deemed as agreed)
• Liability claims of the entire crew among each other up to 3.000.000,- or 6.000.000,- EUR (In case of property damage as far as they exceed 150,- EUR per claim)
• Security deposit in case of seizure in a foreign harbor up to 50.000- EUR
• Shares of the yacht owner for charter losses due to significant self-inflicted damage to the yacht up to 20.000- EUR (the costs for the first three days of the charter loss must be partly taken by the policyholder)
• 1.000 EUR for hotel and travel costs to the charter base if the charter trip must be canceled due to damage causing an impossible return due to insufficient seaworthiness of the yacht.