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10% Insurance Premium Discount Boost for Sailing Clubs
Marine Trades Insurance specialists IRCM have announced a premium discount bonus for Yacht & Sailing Clubs affiliated to the Royal Yachting Association (RYA) ) who opt for their exclusive in-house Bowline Marine Trades Insurance cover.
By: Marine Insurance Division IRCM
Mark Elcocks, Specialist Risks Executive with IRCM said “As a specialist Maritime and Marine Club Insurance broker, we appreciate RYA affiliation benchmarks the professionalism and expertise of a sailing club or centre. Adherence to the Association’
“Because RYA affiliated clubs operate within the guidelines of the Association’
As an additional bonus IRCM are able to offer affiliated clubs similar discounts on their other recommended business covers including Trustee and Officer Liability, Excess Protection and Professional Indemnity. Mark Elcocks told us “21st Century businesses face 21st Century problems. These include constantly changing legislation regarding operation of a club and the duties of club officials, coupled with punitive awards against both the club and the officer or trustee 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 sailing club we will recommend it to our clients”.
The discounts offer a marked difference between some of the other Insurance discounts available to sailing and yacht clubs. Many insurers will demand a 3-year commitment from a club 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.
Further information about IRCM and sailing club insurance can be found at http://www.marineinsurance-