News story cover image

Insurance Risks for Yacht Clubs

18th February 2016


From small dinghy sailing clubs to the largest yacht clubs – the size and structure of the thousands of boat clubs operating throughout Britain varies enormously.

We take a closer look at some of the key risks to running a yacht club.

Regardless of the size of their organisation, there are 3 fundamental challenges for club managers, owners, directors and trustees:

1. Protecting their club’s physical assets

2. Minimising underinsurance

3. Managing the risks and liabilities they face as individuals


Importance of risk assessments

The first, and most important thing that clubs should do is conduct a risk assessment to determine what their most valuable assets are and how vulnerable they are.

1. Physical Risks

Theft is an important risk for yacht club owners to consider. Outboard motors are particularly attractive to thieves for a number of reasons. They are easy to transport and sell, difficult to trace and, depending on the type of motor, can be sold for several thousand pounds.

Many valuable items may also be found inside a clubhouse, ranging from trophies to fine art.

It may not be feasible for the smallest clubs to invest in state-of-the-art security measures, but some relatively simple steps can make it more difficult for thieves, including ensuring there is good quality perimeter fencing and security lighting, and that doors are secured with good quality padlocks.


2. Minimising Underinsurance

For many yacht clubs, the clubhouse may be both the principal asset and the main source of generating revenue, for example if it is used to host meetings or events, or to sell food and drink.

Underinsurance can occur if buildings and contents are incorrectly valued, but also if the full costs of business interruption have not been taken into account.


3. Management Liabilities for Yacht Clubs

The potential liabilities faced by directors and officers will vary greatly depending on the size of the club, the number of employees, and the nature of the activities or services provided. Management risks could include:

• Breaches of health and safety legislation – including food hygiene laws if food and drink is prepared on the club’s premises

• Claims by employees – for example sexual harassment, racial discrimination or disability discrimination

• Professional liability claims


To obtain an insurance quotation please contact Horner Blakey Insurance Brokers on 020 7929 0108.


News story cover image

Wishing you a Merry Christmas from all at Horner Blakey

21st December 2020

Thank you for your support during what has been a challenging year for everyone. Please note our opening hours below...

Government Guidance for Businesses: COVID-19 Tier Restrictions from 2 December

1st December 2020

How make your business COVID-secure Below is the latest Government guidance to ensure your business is COVID-secure. The new local...

Are your suppliers cyber secure?

2nd November 2020

The size and frequency of cyber-attacks and data breaches have been increasing in recent years, costing UK businesses big money....

[ajax_load_more post_type="post" posts_per_page="3" offset="4" pause="true" scroll="false"]