Insurance

[bjf123]

I know there's a thread over in the Instructor to Instructor section about insurance, but it's related to instructor coverage. I'm curious what others do for their business insurance like store liability from teaching, liability from slips and falls, property coverage on inventory and fixtures, building insurance, business interruption, etc.

 

[PinkPADIgal]

I use V&B.

When I opened my store, I shopped around and none of the regular insurance companies would touch me. They saw "scuba" and said no.

The price seemed reasonable and good coverage. The main reason however is because all my staff is covered by V&B and if we ever needed to use it, we would be all covered by the same carrier.

My policy does have a $2500 deductable for mechanical breakdown of your compressor. I asked if a lower deductable was available but there isn't.

I don't cover my staff or even myself under the store policy. The reason? It is a shared liability. If 1-2 people were named in a lawsuit, the liability would be spread between everyone. I didn't feel comfortable with that. It was cheaper and better coverage to have a separate policy that covered me.

 

[bjf123]

V&B isn't really an option for us. We've got two PADI instructors, but only one teaching PADI, and everyone else is NAUI. Thanks for the info.

 

[Underwater Adventures]

We use Insurance Management Services, they cover my shop as well as my instructor(s). If you need contact details let me know and I will provide.

 

[shawnstam]

I operate a Dive charter in morro bay Ca, we carry 1,000,000.00 liability for passengers on our boat 1200.00 dedutible. It only cover the divers while on the boat, and the dive masters insurance covers them below. We also pay our divemaster very well so they can recoupe any cost. Works good for us.
hope this helps

shawn stamback

 

[Blackbeard's]

We have a policy through Willis that covers everything including instructors.

Bruce

 

[Capt Scotty]

Insurance Management Services, great people, great service, great price....

 

[captim]

Captain Scotty,

I am completing a retrofit on a live-aboard and looking for insurance. Do you have a contact at Insurance Management Services?

Captim