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Reload this Page Charterboat insurance?

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Old 03-22-2011, 07:58 AM   #1
saltyric
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I looked into it a long time ago. I had a plan of doing a few harters here and there to help with fuel costs. The insurance ended up being about 3 fold my normal insurance, plus the recommended selling the boat to a LLC to protect home assets. I ended up bailing on the whole plan......
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Old 03-22-2011, 08:29 AM   #2
JohnnyD
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Quote:
Originally Posted by saltyric View Post
plus the recommended selling the boat to a LLC to protect home assets. I ended up bailing on the whole plan......
I'm sorry about being a bit off topic, but... Do charter guys run a sole proprietorship? That's a whole lot of personal liability that I can imagine taking on. Especially with all the potential risks that come with having people on your boat.
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Old 03-22-2011, 08:32 AM   #3
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I'm sorry about being a bit off topic, but... Do charter guys run a sole proprietorship? That's a whole lot of personal liability that I can imagine taking on. Especially with all the potential risks that come with having people on your boat.
1,000,000 in liability coverage.
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