There are some similarities between personal and commercial boat insurance. Both types of policies help protect you from financial loss if an accident or other covered event occurs, and both typically include liability and property damage coverage. However, personal and commercial boat insurance differ in important ways. Boat owners in Florence, AL, should understand these differences to choose the right policy.<\/p>\n
Personal boat insurance covers the use of your vessel by you and your immediate family, as long as the activity is strictly recreational. If you are not earning money from operating your boat and are not hiring a skipper or crew, your personal policy generally applies. Once your boating activities involve payment or business use, they are considered commercial, and a personal policy will not provide coverage.<\/p>\n
Commercial boat insurance typically costs more than a personal policy because it covers a broader range of risks. These policies often include public liability coverage, which helps pay medical expenses if a paying passenger is injured while onboard or while boarding or exiting the vessel. Commercial boat insurance may also include loss of use coverage if your boat is damaged by a covered peril and cannot operate.<\/p>\n
In addition, employers’ liability coverage is available only with commercial policies. This protects you from legal expenses if you hire someone to work on your boat and that person is injured while performing their job duties.<\/p>\n
McBride Benefit Solutions serves boat owners in and around Florence, AL. We offer both personal and commercial boat insurance to help meet the needs of all types of boaters. Contact us today to learn more about your coverage options or to request quotes.<\/p>\n","protected":false},"excerpt":{"rendered":"
There are some similarities between personal and commercial boat insurance. Both types of policies help protect you from financial loss if an accident or other covered event occurs, and both typically include liability and property damage coverage. However, personal and commercial boat insurance differ in important ways. Boat owners in Florence, AL, should understand these […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[23,25,21,27,14],"class_list":["post-94","post","type-post","status-publish","format-standard","hentry","category-boat-watercraft-insurance","tag-al","tag-boat","tag-florence","tag-insurance","tag-mcbride-benefit-solutions"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t