October 2019 – Liability Insurance
Insurance policies include an amount for Third Party Liability. This is the amount of cover (subject to the usual policy terms) you are insured for, where you may be legally liable for accidental loss of damage to other property, as the result of a collision or accident. Cover is also provided for Death or Bodily Injury, although under NZ Law there is virtually no ability to sue for bodily injury. However, the Sentencing Amendment Act 2014 now allows the courts to order a person at fault to compensate victims of bodily injury for their financial losses over and above what ACC pays, by way of reparation. This ‘top up’ ordered by a court can only apply where the person at fault has been convicted of a crime and is being sentenced. Policy exclusions (such as operating the vessel when under the influence of alcohol) continue to operate for Third Party Liability claims.
It is important to note the policy does not protect you for all the risks you face, particularly around legal costs from unexpected lawsuits or prosecutions. Potential examples might be:-
- A prosecution under the Maritime Transport Act for ‘operating a vessel in a manner causing unnecessary danger or risk’;
- Failing to secure a boat to a trailer, the boat falls from the trailer, causing death/injury – the Police prosecute for careless use causing death/injury:
Defending charges brought against you (where you have a reasonable case of defence) can be hugely expensive.
Whilst it is generally illegal to insure against fines, Nautical can offer an insurance that provides cover for Legal Expenses. These are the costs for defending an action brought against you. Not only will it protect you with issues involving your boat, it is also a 24/7 cover designed to cover you at home, work and in your car.
If you would kike to know more about this product, please email firstname.lastname@example.org or call us on 03384 1694 and we will send you information.
We have been notified of a stolen jet ski. A photo is below and information regarding its whereabouts may be provided to the owner on 021 359 376.
The ski was stolen from a property at Mount Pleasant in Christchurch.
Welcome to our new website. We hope you find this simple, and easy to traverse and navigate. In time to come we will add important news, information and links to articles of interest.
This year Nautical celebrates 30 years in business. Over this time we have continually delivered to our clients and partners, ensuring we remained innovative and provided the best available insurance to our clients.
If you are operating your boat in the Canterbury region, you may not yet be aware that a 2016 bylaw requires all boats to show ID that is visible from at least 50 metres away. Environment Canterbury was not the first local authority to implement this requirement. Their recreational boating page has full details.
You might like to bookmark this page and check back for updated information. We will also look to provide interesting data on claims patterns and trends, together with tips on additional measures that you can take to safeguard and protect your vessel.