Just as valets and body shops are responsible for the well-being of your vehicle while it’s on their watch, marina operators face a similar situation while harboring others’ vessels. What if guests vandalize an unattended vessel during the middle of the night? What if one of your forklift operators accidentally causes damage while putting a boat into storage? Marina operators face these risks every day. Fortunately, marina operators legal liability (MOLL) coverage is there to help protect them from these incidents.
Put simply, MOLL coverage protects marina operators from damage done to vessels while in the marina’s “care, custody and control.” This includes damage done while:
Repairing, altering or conducting maintenance (dry docking)Storing the vessel, whether on land or in waterHauling out or launchingFuelingTest driving up to a certain radius from the marinaDocking/mooringMOLL coverage is typically offered only for private pleasure vessels, but coverage may be extended to commercial vessels if docked in your marina.
An important thing to remember about MOLL coverage is that typical marine liability coverage, commonly known as protection and indemnity (P&I), is excluded. P&I coverage applies to the wide variety of third-party liabilities that an owner, not a marina, is exposed to during a vessel’s operation. For example, injury, illness or loss of life caused by a vessel’s operation (plus the associated medical expenses) and damage to other vessels or property caused by collision or other non-collision incidents (such as a storm) are part of P&I coverage.
In addition to MOLL coverage, consider adding a bumbershoot umbrella policy on top for added marine coverage. As always, we’re here to help. Contact us today to discuss how you can minimize your marina liability!