New Sailing Club Insurance Requirements
The Royal Yachting Association (RYA) recently announced it’s recognised training centres (RTC’s) would require enhanced insurance cover – an increase in Public Liability (PL) insurance to a minimum indemnity limit of £3m and the addition of at least £500,000 Professional Indemnity (PI) cover in respect of it’s training activities. The uplift in Public Liability Insurance is […]
Marine Trades Insurance Confusion Costing Superyacht Contractors
Superyacht contractors, ship repairers, as well as sub-contractors in both sub-sectors, are losing earning opportunities as well as being forced to pay unnecessary costs due to some recruitment businesses appearing to be adopting a “one size fits all” approach to insurance. IRCM are regularly approached by traders who have been offered Bona Fide Sub-Contractor placements to […]
Sailing Club Insurance Premium Boost
IRCM has announced it ‘s starting premium for Sailing Club Insurance on it’s exclusive Bowline Marine Trades policy will be only £358 for an indemnity limit of £3m. The announcement will be particularly welcomed by smaller clubs providing tuition who will need a £3m limit as an RYA Recognised Training Centre following the RYA’s recent […]
£499 Marine Trades Liability & Tools Cover for Superyacht & Commercial Vessel Contractors
Marine Trades Insurance specialists IRCM have announced a new product bundle for businesses working in the UK’s buoyant Superyacht Sector. The comprehensive package includes Property and Business Interruption options as well as providing a full range of Liability covers. Standard programmes offer: Buildings & Contents Insurance Machinery & Plant Lifting Equipment Computers and Peripherals Business […]
Rowing Club Insurance – Members’ Boats Bonus
Rowing Club Insurance specialists IRCM have enhanced their Rowing Club Insurance offering by enabling clubs to include members’ boats on the club insurance programme. The advantage to clubs and their members is 4-fold: Competitive insurance rates for members’ boats. Comprehensive cover under IRCM’s exclusive policy wording. Specialist claims support from IRCM’s in-house claims team. Commission-share bonus […]
RYA Announce Changes to Sailing Club Insurance Requirements
The Royal Yachting Association (RYA) has announced revised insurance requirements for its Recognised Training Centres (RTCs). The changes include raising the minimum indemnity level of Public Liability Insurance from £2m to £3m. Of more significance is the requirement that RTCs should have a minimum of £500k Professional Indemnity. This is significant because such cover is not normally provided […]
New Insurance Options for Superyacht Contractors
The continued growth of the UK Superyacht Industry is one of the country’s manufacturing successes and has opened up many new opportunities for small businesses to grow as well as their larger counterparts. With Sunseeker and Princess both expanding into this segment there are additional avenues for Marine Traders to move into the market themselves. […]
Marine Trades Opting for Management Protection
More marine traders are opting to protect their businesses and personal assets by investing in Management Protection. A Sector that has seen a relatively low uptake of this particular insurance now seems to be taking steps to protect itself against some of the potentially more dangerous exposures not covered under Public or Employers Liability Insurances. […]
Rowing Clubs Warned of Gaps in Cover
IRCM has often highlighted how small variations in insurance policy wordings can have a big impact on policy holders in the event of a claim. As a broker that specialises in Marine-based insurance, a market that includes rowing, sailing and cruising clubs, IRCM’s message to rowing clubs is the same as it is for the […]
Enhanced Insurance Options for Sailing Clubs
IRCM Welcomes New Sailing Club Insurance Capacity Marine Traders aren’t the only benefactors of the increase in Marine Sector insurers in recent months. Sailing clubs and other marine-based clubs and centres are also able to take advantage of a soft market that offers some excellent cover options. Mark Elcocks Specialist Risks Executive with Marine Insurance […]