Minnesota Charter Boat Insurance
The "land of 10,000 lakes" is unlike any other place on the planet. Besides all the amazing lake activities, there is great fishing and many things to see on the Mississippi and St. Croix Rivers in Minnesota. Famous Walleye lakes here in Minnesota, like Mile Lacs Lake, Lake of the Woods, Leech Lake, Lake Winnibigoshish, Red Lake, Lake Minnetonka and the list goes on and on.
This is a good place for a charter service and whether you take clients out fishing or on special tours, you have some unique needs (when it comes to risk factors). These risks all need to be covered with the right kind of charter boat insurance if you want to protect your clients and your business. In fact, just one oversight could end up in financial disaster, and this is what almost happened to Brent R in our example story.
Brent was very fond of fishing, and growing up in the Minneapolis area he had plenty of places to indulge his desires. Whenever he got the chance, Brent would take his boat to one of the many excellent fishing spots and he got to be very familiar with all the best places for fishing. In fact, one day Brent decided to quit his job at a local auto service center and start his own charter fishing service. Now he could look forward to going to work each day and do what he really loved. In the wintertime, he could earn money working for his brother-in-law's garage, because Brent was a certified auto mechanic.
Everything went well for several years. Captain Brent's Charter Service became very popular and Brent decided to buy a larger fishing vessel for his business. However, one of Brent's regular clients, Bill, worked for a local insurance brokerage and he told Brent that he could get him complete insurance coverage at very affordable rates. Brent decided to see him and Bill provided Brent with a total protection package including dockside liability, additional liability and indemnity to fully protect his business. Little did Brent know that he would soon need this insurance coverage.
Just a few months after purchasing his new vessel, one of Brent's fishing clients slipped and fell on the dock before entering the boat. In fact, the man seriously injured his back and medical claims were substantial. Fortunately, Brent has sufficient dockside liability insurance to cover the claims, because he had recently updated his coverage. If not, this could have triggered a legal and financial nightmare.
Insurance Brokers of MN - Your Minnesota Charter Boat Insurance Expert
Insurance Brokers of Mn is a family run insurance brokerage. We provide many benefits that a typical insurance agent (working for only one company) cannot offer. We have been in operation since 1998 and we know the ins and outs of the insurance business.
What is Charter Boat Coverage?
If you run a charter vessel service, you have several needs for insurance. First, you must protect your boat from a wide range of hazards. Next, your customers need to be protected and so does your business. Charter vessel coverage is designed to take care of all three of these issues, along with many things which can go wrong in this business.
Who Needs This Coverage?
Charter boat coverage is intended for people running fishing charters, boat tours, nature tours and many other types of boat passenger businesses. In addition, it can cover both short and long tours, even ones lasting several days.
What Does a Typical Policy Cover?
Standard coverage may include:
- Agreed value coverage
- Indemnity liability
- Medical payments for passengers
- Personal property insurance
- Fishing gear
- Dockside liability
- Liability insurance for rental vessels (used as temporary replacements)
- Roadside assistance, including towing
- Worker compensation for employees
- Liability for properties on land - can include offices or other structures related to your business.
- Additional shoreside liability coverage
- Liability for shore lunches
- Excursion Liability
- Increased indemnity and liability protection
Our agents have access to more than 50 insurers and we have 35 locations within the state to serve our customers. We can find you the best coverage at the most affordable rates. We also offer personal service to help you make the right decisions on your home or business risk management issues.
To see how we can help you with your charter boat insurance needs, fill out our online quote request form now. It only takes a few minutes of your time.
CALL US TODAY
Agents located in: Anoka, Ada, Austin, Bemidji, Blaine, Brandon, Brooklyn Center, Buffalo, Byron, Cambridge, Cannon Falls, Dawson, Duluth, Forest Lake, Graceville, Grand Forks, Ham Lake, Hermantown, Hibbing, Inver Grove Heights, Isanti, Jordan, Lino Lakes, Little Falls, Maple Plain, Pequot Lakes, Richfield, Roseville, St Cloud, Stillwater, Thief River Falls, Waconia