10% Insurance Premium Discount Boost for Members of The Yacht Harbour Association

SOUTHAMPTON, U.K. - Oct. 8, 2015 - PRLog -- Marine Trades Insurance specialists IRCM have announced a premium discount bonus for members of The Yacht Harbour Association (TYHA) who opt for their exclusive in-house Bowline Marine Trades Insurance cover.

Mark Elcocks, Specialist Risks Executive with IRCM said “As members ourselves, we appreciate membership of TYHA benchmarks the professionalism and expertise of the marina operators and other marine-based businesses.  Adherence to the Association’s Code of Practice means members are operating to audited and approved standards that address some of the foremost concerns of modern insurers”.

Mark added “Because members of TYHA operate within the guidelines of the Code of Practice we believe this should be reflected in their insurance premium rates.  To that end we are able to offer members based in the UK and Channel Islands a 10% premium discount off our already competitive exclusive Bowline Marine Trades Insurance standard rates”.

The discount is offers a marked difference between some of the other Marine trades Insurance discounts available to marine traders.  Many insurers will demand a 3-year commitment from a marine trader in return for a discount of only 5%.  IRCM are offering a 10% discount with no tie-in and have confirmed they will continue to offer the discount at subsequent renewals subject to the business remaining within their normal underwriting parameters.

There is an added bonus for TYHA members in that IRCM are also offering the 10% discount on their other recommended covers including Management Protection, Excess Protection and Environmental Impairment Liability.  Mark Elcocks told us “21^st Century businesses face 21^st Century problems.  These include constantly changing legislation regarding operation of a business and the duties of company directors coupled with punitive awards against both the business and the director when inadvertent breaches of legislation occur.  Protection for instances such as these is excluded from Public & Employers Liability Insurances and where we believe such cover is appropriate to a marine business we will recommend it to our clients”.

Further information about IRCM can be found at

http://www.marineinsurance-ircm.co.uk