LEGAL DEFENCE INSURANCE FOR PYA MEMBERS
The PYA been working hard over the past few months to arrange LEGAL DEFENCE INSURANCE for all its FULL members. The good news is that this is now in place.
This is a new membership benefit for crew employed in all departments.
This insurance is to pay the legal defence costs, and only legal defence costs, for members of the Professional Yachting Association who have been investigated, charged, arrested or detained at home or abroad while undertaking their professional duties where no alternative cover exists and subject to the warranties and Exclusions set out in the Policy.
The limit of indemnity provided by underwriters is 50,000 GBP any one occurrence with a 10% deductible of the final claim amount subject to a minimum of a 1,000 GBP any one occurrence.
A full copy of the Insurance Schedule is available on the PYA website.
All potential claims are to be made initially to the PYA office in Antibes who will then contact the brokers on your behalf.
Under no circumstances are legal costs to be incurred without the prior consent in writing of the underwriters – galleon marine insurance agency limited.