R&M Insurance Blog
8 Ways to Start Managing Risks for Your Marine Business
Managing risks is a crucial aspect of running a successful marine business. From unpredictable weather conditions to potential accidents, there are various risks that can impact your operations, finances, and reputation. Today, we will explore the importance of risk...
A Comprehensive Checklist to Establish Compliance for Your Marine Business
Compliance is a critical aspect of running a marine business. The ability to meet the necessary legal and regulatory requirements dictates the very survival of your business. With numerous regulations and standards specific to the marine industry, it can be...
7 Insider Tips for Growing Your Boat Rental Business & Revenue
As business owners, expanding your boat business and increasing revenue remains top-priority goals. It’s an area that requires strategic planning, innovative approaches, and a deep understanding of the market. It’s also a never-ending process that determines the...
10 Selling Tips to Advertise Your Boat Rental Business to More Customers
One of the greatest challenges of any business owner is getting in customers. For boat business owners, the challenge even narrows down to the unique and specific needs of boat renters and lessors. Selling and advertising your boat requires a strategic approach to...
6 Useful Insurance Policies to Start Protecting Your Boat Business
Congratulations on starting your boat rental business! As you embark on this exciting venture, it's crucial to prioritise the protection and security of your assets, operations, and customers. Insuring your boat rental business is a vital step in safeguarding against...
8 Things to Look Out When Choosing a Boat Insurer for Your Marine Business
Whether you own a boat rental business, operate a commercial fishing vessel, or provide maritime services, having the appropriate insurance policy can provide protection against potential liabilities, property damage, accidents, and unforeseen events. It not only...
Yacht Parties 101: Tips for Hosting an Unforgettable Event on Your Yacht
The beauty of the open sea, combined with the elegance and luxury of your yacht, sets the stage for extraordinary experiences that will leave a lasting impression. If you're a proud yacht owner and have ever considered hosting and renting your yacht for parties,...
8 Distinct Types of Marine Insurance with Various Coverage & Exclusions
There is no universal marine insurance to address the diverse nature of marine business. Marine insurance policies in Australia can vary in terms of coverage, terms, and conditions depending on the insurance provider and the specific policy. Depending on the policy,...
What is Marine Liability Insurance? Understanding Coverage & Benefits
Marine Liability Insurance is a specialised type of insurance that provides coverage for the liabilities and risks associated with maritime activities. It is designed to protect businesses involved in the marine industry from potential legal and financial consequences...
Private Boat vs Commercial Marine Insurance: Key Differences to Look Out
If you ever felt confused or entangled with the intricacies of marine insurance, you are not alone. Commercial insurance can be a complex and challenging area for businesses to navigate, particularly in the marine industry. This is because there are unique...