Marina ownership is a big investment with many variables in business activities and risk.
The right insurance policy covers all aspects of your business to insure that in the event of a loss, you will be compensated and will be able to continue running your business.
Fuel contamination, Lift – crane or hoist incidents, Mechanical failure, Loss of Income, Pollution, Directors & Officers, Property and Liability, Vessels, Rentals, Transportation.
Environmental and Pollution Risks
- Oil and fuel spills contaminating waterways
- Improper storage of hazardous materials (paint, solvents, hydrocarbons) leading to leaks and contamination
Fire and Explosion Risks
- Electrical malfunctions aboard docked vessels triggering fires
- Unsafe housekeeping, unattended heaters, and smoking-related ignition sources on slips and in storage areas
Weather and Natural Disaster Risks
- Storms, hurricanes, floods, and high winds damaging docks, pilings, and moored boats
- Seasonal spikes in activity accelerating wear-and-tear on infrastructure
Liability and Legal Risks - Slip-and-fall accidents on wet or uneven docks, ramps, and gangways
- Injuries and property damage from boating collisions or launch/retrieval operations
Operational and Structural Risks
- Dock collapse or structural failure due to rot, corrosion, or inadequate maintenance
- Equipment breakdowns (boatlifts, pumps, generators) causing service interruptions and repair costs
Regulatory and Compliance Risks - Non-compliance with environmental regulations (spill containment, waste disposal) resulting in fines or shutdowns
- Permitting and zoning challenges for marina expansion, retrofit, or dredging projects
Financial and Market Risks
- Seasonal revenue fluctuations creating off-peak cash-flow shortages
- Slip rental defaults and tenant credit risk impacting steady income streams
Security and Theft Risks - Theft or vandalism of boats, engines, equipment, fuel, and on-site supplies
Reputational Risks - Public backlash, lost business, and potential litigation following environmental incidents or major safety failures
Steve Kadar 905-704-7576
Recreation Business Insurance 