Reducing Marine Liabilities With Good Contracts – For Marinas and Boatyards
So here we are again, on the road talking about one of our favorite topics–how to help business owners reduce liability. This time we were at IMBC (Int’l Marina & Boatyard Conference) 2020 (a nice excuse to hit Fort Lauderdale in January!) speaking to marina and boatyard owners and operators. It seems we’ve hit on some useful content, and we’d like to share it with you as a thanks for coming to our page! A link to our presentation, which we did with our friend Kim Finlay at CHUBB, can be downloaded here Also, sample marina and boat repair contracts are here and here. If nothing else, our take away is that “red-letter clauses” which shift, reduce, or require the other party to insure liability are typically enforced in maritime contracts even if state law would reject them. (We just love maritime law!) As always, give me or Dave a call to chat if we can assist you further. We are happy to conduct a brief “health-check” (or in-depth if you need it) review of your business contracts. Perhaps some simple clauses can be added for a “rest-better-at-night” benefit. Or maybe some simple tweaking to make your contracts clearer and better able to withstand a dispute is all that is needed. Good luck!