| 27 October 2011
Benefits of the Fishing Guide Insurance Policy
For FGA Members
All policies are not the same. Don’t be fooled by “Discount” guide insurance policies. What you don’t see in the fine print of the policy can cost you your entire season due to a hidden exclusion. As the tried and true saying goes – “If it seems too good to be true ….it probably is”.
Charter Lakes Marine Insurance understands the fishing guide business and we provide the strongest policy available to FGA members through the only AAA rated insurance company in the United States, The St. Paul Travelers Insurance Company. We have made several enhancements to our Fishing Guide Insurance Program that provides even more protection for you without increasing premiums. These enhancements include:
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Disappearing Deductible – Starting in 2011, FGA members will receive a reduction of their physical damage deductible for each year of claim free operation. At the end of 4 claim free years with no claims, no deductible applies.
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Shoreside Liability is standard coverage for FGA members. The policy includes $ 100,000 in liability coverage for activities like wade fishing and fishing from shore. Higher limits are available for purchase.
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We have removed the named storm deductible from the policy for vessels under 26’ in length. There is no longer a higher deductible for damage caused by Tropical Storm or Hurricane.
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Professional Angler Liability is a standard coverage. This insures your activities away from your boat when promoting your business. This would include activities like exhibiting at sport shows, teaching people to fish or demonstrating a sponsor’s product.
The policy combines Physical Damage coverage with Passenger Liability in one very comprehensive and affordable policy. The following are the standard coverage features for FGA members:
Standard Coverage Features
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Physical Damage coverage for your boat, motor(s) and equipment is written on an Agreed Value Basis. Partial losses are adjusted on a Replacement Cost Basis.
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Protection & Indemnity (liability) protects you from bodily injury and property damage liabilities. P&I is the broadest form of passenger vessel liability coverage available. This is a combined single limit policy written on an occurrence basis. Various limits are available from $ 50,000 to $ 2,000,000 and higher.
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Pollution Liability is included to protect you from vessel pollution liabilities.
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Professional Angler Liability provides liability coverage when demonstrating your fishing skills away from your boat to earn income or promote your business.
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Dockside Liability is included in your liability coverage. This protects you from liabilities associated with passenger injuries incurred on the dock, gangway, float or pier you keep your boat moored at if you don’t trailer it.
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Passenger Medical Payments included at a $10,000 limit each person
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Replacement Vessel Liability if your boat is out of service and being repaired under a covered claim, the policy will automatically extend liability coverage to the replacement vessel.
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Personal Property included at a $5,000 limit. This covers fishing tackle and personal property that belong to you, your clients or crew. Our policy covers your fishing tackle when it’s on or off your boat, in your vehicle or stored at your home or storage facility. Higher limits are available.
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Trailer Coverage provides physical damage coverage for your trailer. The policy also provides liability coverage when launching and hauling from the water.
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Towing and Emergency Assistance included at a $1,500 per occurrence limit. This includes towing your boat to the nearest repair facility, delivery of gas, oil or battery and Trailer roadside repair service.
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Preferred Risk Premium Discounts and coverage benefits for FGA members that result in substantial savings.
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Superior Customer Service. If you have a service request, a boat change or policy change, the service you receive from Charter Lakes is second to none.
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Superior Claims Service. We handle it for you and we stand side by side with you through the entire process.
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Unlimited Charter Use. The policy also covers your personal use of the boat.
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Financial Security. This policy is underwritten by the St Paul Travelers insurance company who is rated A+ Superior by A.M.Best.
Optional Coverage Available to FGA Members
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Crew Coverage protects you from liabilities that could arise from your employment of a mate or additional captain.
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Swimming and Snorkeling Liability will extend liability coverage for swimming and snorkeling activities (including scalloping) that you offer from your boat.
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Charter Legal Liability provides liability coverage for you when you book your
Customers On Other Non-owned Charter Vessels.
- Additional Interests. Many guides book trips through referral sources and are asked to name that referral source as an additional insured on the guides liability policy. FGA members are not charged for this.
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Second Boat Discounts - If you own two boats, and are the sole operator of both boats, we only charge you once for passenger liability.
Peace of mind comes from knowing you and your clients are protected properly. The FGA Fishing Guide Insurance policy provides that high level of protection at a low group rate.
If you have any questions on your policy or to receive an insurance quote, contact Charter Lakes at 800-879-2248. Or visit their website at www.charterlakes.com and complete a quote request form online.
