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 suggests 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
Last Modified on 28/09/2015 20:10