Required insurance coverage
1. Protection and Indemnity (P and I): A certificate for a minimum of $1,000,000 Protection and Indemnity (P and I) including Jones Act coverage (for any employees).
2. General Liability (see below)
3. Statutory limits for Worker’s Compensation with $500,000 Employer’s Liability
4. The insurance company must carry a minimum Best Rating A- or be Lloyd’s of London (unless this requirement is specifically waived by US Sailing in writing).
5. US Sailing is to be identified as an Additional Insured. This requirement is necessary if we are to implement the inspection and certification of sailing schools under the US Sailing Association.
Notes:
P & I:
The Protection and Indemnity insures the sailing school against losses by students, in or out of the vessel, while on the water during a training course.
The Jones Act requirement protects the sailing school against claims because of injury, death, or damages sustained by the sailing instructor while on the water. (Not required if school has no employees.)
The primary P&I must cover students on boats chartered or leased by the school.
General Liability (minimums):
$1,000,000 each occurrence
$2,000,000 general aggregate
$1,000,000 personal & advertising injury aggregate limit
$5,000 medical expense limit
$1,000,000 damage to rented premises limit Statutory Limits for Worker’s Compensation with Employer’s Liability Limits at $500,000:
This protects the sailing school against worker’s compensation claims by instructors, as employees, while performing their duties primarily over land or on the docks. (Required in some states even for contract instructors who are not employees).