The Truitt Law Firm, LLC
Call For A Free Consultation
985-273-0900

Is your company boat covered by liability insurance?

If your company uses boats to conduct business, you may not be aware that you are at risk for premise liability lawsuits. Most liability policies contain specific exclusions regarding watercraft. That means that if you carry out company business on a boat, you could be doing so without the protection of insurance, leaving you vulnerable to litigation.

Whether owned by you or your firm, it is crucial that your boat is covered by liability insurance. Let’s say that you and your colleagues are taking a business meeting on the boat when someone slips and falls. If this person sustains injuries, they could have grounds for a lawsuit—and that spells big trouble for your company. If the company boat is not covered by liability insurance, you stand totally unprotected when it comes to legal damages.

Why have liability insurance for a boat?

There are numerous scenarios in which insurance would be necessary:

  • Someone is injured while on the boat
  • A colleague or employee is piloting the boat and has an accident
  • The boat causes property damage or an injury
  • The boat itself is damaged in an accident

Important exclusions

The majority of liability policies exclude aircraft, automobiles and watercraft. There are a few exceptions to these exclusions, however. In these exceptions, a claim may indeed be covered by your policy:

  • The accident occurs on a boat that is on your premises—in a shed, for example
  • The boat in question is not owned by anyone who is insured
  • You are operating a rented boat

Protecting yourself and your boat

Take a second look at your liability insurance policy and see whether the boat that you use for business is covered. If it is not, you should purchase a new liability policy for it. If an accident does occur on your boat and it is not covered by insurance, consult an attorney who handles premise liability cases. These steps are important to ensure smooth sailing ahead.

No Comments

Leave a comment
Comment Information
Email Us For a Response

How Can We Help?

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Office Location:

Covington Office 149 North New Hampshire Street Covington, LA 70433 Phone: 985-273-0900 Fax: 985-327-5252 Map & Directions

Covington Office

Metairie Office 433 Metairie Road Suite 209 Metairie, LA 70002 Map & Directions

Metairie Office
Review Us
  • The Seal Of Experience | Trial Masters
  • Distinguished Justice Advocates | Top 1% Attorneys in America
  • SuperLawyers Jack E Bobby Truitt | 5 Years
  • AV | Peer Review Rated
  • Avvo Rating Superb | Top Attorney Litigation
  • Best's Client Recommended 2018 Insurance Attorneys