Overview:  This course will look at yacht insurance and risk selection that encompasses pleasurecraft of any length. Students will study the Marine Insurance Policy: policy definitions, terminology, physical damage, liability and protection and Indemnity (P & I) coverages and much more. The Risk Selection part of the program includes underwriting concerns, claims review and the use of the pleasurecraft surveyor report. Watercraft liabilities and the legal environment will be discussed in a comprehensive lesson plan.   

Who Should Attend: Insurance company underwriters, claims personnel, surveyors, maritime attorneys, insurance agents and brokers who work with yachts and pleasurecraft of all kinds.

Instructors:
Craig McGinness, Brit Global Specialty USA
Sue Cacoilo, Great American Insurance Group
Mark Smieya, Travelers
Kenneth J. Weinbrecht, Ocean Bay Marine Services, Inc.
Joseph Grasso, Wiggin and Dana LLP

Continuing Education Credits: NAMS: 12 Credits SAMS: 12 Credits

State Insurance Departments:
12 credits in NY, NJ

COURSE OUTLINE

PART I
YACHT INSURANCE POLICY

1. Policy Definitions and Terminology

2. Physical Damage Coverages

3. Liability and P & I Coverages

4. Exclusions and General Conditions

PART II
UNDERWRITING CONCERNS

1. Insured

2. Watercraft

3. Navigation / Operation

4. Claims and Losses

PART III
CLAIMS ADMINISTRATION

1. Knowledge & Experience

2. The Process

3. Procedures

4. Problems

PART IV
SURVEY INFORMATION

1. Types of Marine Surveys and Surveyors

2. What to request and expect from a survey

3. Reporting Criteria

4. Myths and Facts about Marine Surveyors

PART V
LEGAL ENVIRONMENT

1. Federal Jurisdiction

2. State Regulations

3. Case Studies

4. Future Trends

Program Features: Continental Breakfast Lunch Handouts & Lecture Notes

Special Assistance In Compliance with the  American's with Disabilities Act, AIMU will make all reasonable efforts  to accommodate persons with disabilities at its meetings. Please call  John A. Miklus at (212) 233-0550