Schad Expertise offers a programme of regular crew training and thorough vessel inspections. Our focus includes manufacturer-recommended maintenance, fire and safety equipment service, navigation system updates, and proper functioning of all critical machinery. Crew and vessel certification are also integral parts of this programme.
Benefits for yacht owners: Verified maintenance and documented servicing help maintain your yacht’s value and can reduce insurance premiums.
Benefits for insurers: Improving onboard safety culture decreases claims and lowers overall risk.
Each year, the US Coast Guard publishes the “Recreational Boating Statistics” report, a key resource for insurance brokers and claim lawyers. The 2023 report revealed that damages in the US reached approximately US$63 million, with 75% of incidents occurring on yachts operated by individuals without boating safety instruction. In contrast, only 15% of casualties involved certified operators, and 87% of victims were not wearing life jackets.
The most common incidents include:
• Collision
• Flooding
• Grounding
• Capsizing
• Fire
Primary factors contributing to these accidents are:
• operator error
• excessive speed
• machinery failure
• navigation rule violations
• alcohol use
In essence, “Safety Awareness” — which covers crew training and vessel maintenance — is crucial to prevention.
Schad Expertise offers a programme of regular crew training and thorough vessel inspections. Our focus includes manufacturer-recommended maintenance, fire and safety equipment service, navigation system updates, and proper functioning of all critical machinery. Crew and vessel certification are also integral parts of this programme.
Benefits for yacht owners: Verified maintenance and documented servicing help maintain your yacht’s value and can reduce insurance premiums.
Benefits for insurers: Improving onboard safety culture decreases claims and lowers overall risk.
Want to know more about Yacht Insurance Surveys?
We are happy to provide you with more information. If you have in-depth questions, feel free to reach out.
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