Insurance for commercial use (similar to bareboat charter)

[Wing Mark]

Lateral thinking regarding the law and insurance is all very well until it's tested by either the taxman or the courts after an accident.

Bet there's a few people taking incomes from paddleboarding 'clubs' doing some serious re-thinking this week.

 

[PhillM]

I agree that profit is not a dirty word here. However, as WingMark just said, its best to be squeaky clean about the arrangements and intentions.

 

[Tranona]

"Profit" is probably not the issue here. Most clubs run a surplus - if they did not either the members would have to stump up the deficit or disband.

The issue here, in general is whether the mode of operation of the boat - what boat is it, who owns it, who uses it, where it is kept and area of operation is such that insurers are prepared to accept the risk. The OP has not provided enough information to identify which of these aspects is creating the problem and why.

There is nothing new in syndicate or club owned boats and if properly set up have no difficulty in getting their boat(s) insured but there is clearly something in this proposal that does not fit the "norm" - indeed the OP claims it is a new and unique approach to boat ownership from someone with no experience.