VIEWS: 3 PAGES: 4 CATEGORY: Business & Economics POSTED ON: 6/22/2010
Recreational boating is big business, and it's also risky business. Most retail agents feel comfortable writing a personal watercraft policy for a homeowners client who owns a small boat -- but when it comes to more expensive and sophisticated pleasure craft, retailers can benefit from the guidance of experts in the specialty marketplace. A leader in arranging coverage for recreational watercraft and ancillary businesses is Western Marine Insurance Services Corp which operates as a program manager and underwriting manager and also has wholesale and retail divisions. Western Marine was established in 1981 by Joseph Cecchini and R J Lorenzi. The firm's AquaPac Millennium policy provides property (hull), liability (protection & indemnity), and medical payments coverage for the owners of virtually every kind of personal recreational watercraft. As wholesale facilities, Western Maritime Insurance Services and Maritime Central match client risks with the appropriate insurer that writes recreational marine business.
WHATEVER FLOATS YOUR BOAT Elisabeth Boone Rough Notes; Apr 2010; 153, 4; Docstoc pg. 76 Reproduced with permission of
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