Insurance requirements

Clause 24 of the Notice of Race states that:

“Each participating boat shall be insured with valid third-party liability insurance with a minimum cover of $ 5,000,000 (AUS) per event or the equivalent.”

 

 

The Insurance broker for both Yachting Australia and Yachting Victoria suggest the following

A $5m third party cover is a minimal liability limit we would suggest.

Legal fees & breach of duty of care awards can be high in Australia.

The legal profession would suggest a minimal limit needed is $10m.

If needed, short term insurance is available by following the link below

Get Insurance On-line by clicking here

Or there will be a facility to obtain insurance on-site if it is still required. Make sure you have the correct amount of insurance, as it will be on the registration checklist.

 

Michael McLean

Chair of the Organising Committee

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