Quote:
Originally Posted by aydinlik
Interesting! I just assumed that they all need to cary the insurance to do the business. Are you saying that Miles marine is the only one in the region with the insurance? Also what does liability insurance mean here? Does it mean that boat owner is liable, if the transporter got in to an accident.
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There are boat transportation companies in the area that in the past have had their liability and cargo insurance cancelled but continued to operate without insurance. The boat owner would not be liable for anything, but in the event of a problem they might be unable to collect on any damage to their boat. That is not a position I would want to be in.
Miles Marine is not a company that has had insurance problems.