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
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.
Chair of the Organising Committee