Captain's liability insurance..

I've spent 25 years working as an independent captain fearing that first incident that would bankrupt me and destroy my life. Plus any kind of major incident will end your career on the spot. Adding in the cost of insurance, which probably wouldn't cover whatever I got into anyway, would make the profession financially undoable if it even existed. The first time I even heard of such was on YF about 3 years ago. Quite frankly, if I were getting into this business today, I wouldn't. This is a business you get into because you have to. It's in your blood. There is no kind of security whatsoever. I couldn't count so high as to list the number of broken bones and lacerations I've incurred (spouse better have health insurance). Plus, when you consider how many experienced captains have left the business over the past few years, the competition is fierce.
Sorry to be Mr. Negative.

How does your homeowner's policy cover you on a job as an independent contractor away from your home?

AndyF

You may be fine, but you might want to chat with your attorney. One of the benefits of having insurance is that customarily the insurance company has an obligation to defend you in a lawsuit at their cost $$, frivolous or not. Insurance cost are a pain until you need it. Just saying.

Yes, just make sure you are listed on the policy as an operator or Captain. Also make sure the policy includes "crew coverage" which would cover you for any kind of damage to your body.

ychtcptn's advice is golden, if you're worried about liabilities, set up an LLC and contract yourself out of it.
Then again, in bad cases, you can't loose more money then up to bankrupcy, and there ain't no policy I ever heard of to cover loss of reputation and future business, which is where the real risk is.

Make sure one of those debts isn't to the IRS. An LLC can be walked through, like the paper curtain it is with a single employee, by a determined creditor and certainly will by the IRS.

AndyF

A letter of EMPLOYMENT is never a bad thing. If you are thinking of going the LLC route chat with your lawyer - he will tell you what an LLC can, but most importantly. what it CANNOT do to sheild liability. If you're on the owners documents as a contractor, have him look at the endorement for you..

BTW, isn't there a trade/professional association you can consult, also? This question seems like it should come up all the time.

NYCAP

Keep trying! It seems that a professional organization for captains and crew is long overdue - case in point. Maybe Yachtforums would be a good spot to get started, since there are so many professionals here? Don't hit me Carl....

Built it, brought in over a dozen independent captains and set things up so clients could be served and captains wouldn't have to worry about losing a client if they let someone else handle them, promoted the business, brought the going rate way up by being organized, and did everything on my dime (no dues or fees). After a few years I asked for others to do some of the work. Nobody. Now I'm at a point where I've got a full book and am trying (unsuccessfully) to retire. I'd be glad to lend a hand, but I'm past taking the lead.

many years ago i was taken for lunch by an older yacht operator (captain)to a building in Miami called the Marine Association....It appeared all members were private boat operators and crew..........any one have a recollection of this organization ???

Would that be the Marine Council?
Home - The Marine Council

Do you really think that an association representing foreign crew and maritime interests would have the interests of American crew first and foremost? Seems to me that their goal would be to attack the Jones Act and eliminate American competition thereby driving down our rates.

American crews need to stop competing against each other on price, join forces to raise their rates throughout the country. There's still some captains in this country willing to work for a hundred and change a day just to steal work. You can make more working at McDonald's with a lot less risk, more benefits and protection.