Yachting New Zealand have updated their regulations regarding insurance requirements for national events with the aim of ensuring yacht clubs, their staff, volunteers and sailors are protected in case of an accident or incident which occurs during a national event.
Rule 4.5.4 - Yachting New Zealand approval of national championships and other major events - now states:
"The organising authority is required to hold adequate insurance to cover the organising authority, its officers, employees, and any members or other volunteers assisting the organising authority in conducting the event, against any claims by third persons arising from the event. This shall include:
- Current public liability insurance to a minimum of $5 million. This cover must have no marine and/or watercraft restrictions.
- 3rd party liability insurance for vessels operated by the organising authority for the event.
It is highly recommended that organising authorities require competitors to be insured with valid marine third-party liability insurance of a minimum of $1 million for dinghies and a minimum of $5 million for keelboats.”
For more information about these requirements, please read the guidelines for insurance required for national events.
This regulation applies only to national championship regattas, although Yachting New Zealand recommend these requirements as best practice for all club activities and events.
If you have any queries regarding this regulation, please contact your Yachting New Zealand regional support officer, or email Danika danika@yachtingnz.org.nz