Managing the risk - Tips for small yacht owners/charterers

During the past 3-4 years Allianz claims statistics have shown a year on year increase in the number of small craft casualties. 10% of all incidents relate to loss of life or personal injury, 5% fire incident related, 10% heavy weather, 10% machinery damages but over 60% are attributable to errors of navigation/poor crew training (e.g. collisions, groundings, flooding/sinking), many of which are completely avoidable.

Allianz claims statistics confirms the well known fact that operator error is a major contributor in marine accidents for yachts. Training and proper guidance can go a long way to minimise these accidents which result in personal and property damage.