DMA: Third Party Liability Insurance Mandatory for Small Vessels
Aiswarya Lakshmi
Tuesday, May 15, 2018
After new regulation, all speedboats with a hull length below 15 m, personal watercrafts/jet skis and similar vessels must now be covered by a 3. part liability insurance.
Danish Maritime Authority informed that if the vessel does not have insurance coverage, you are not allowed to operate it.
The new requirements regarding mandatory third party liability insurance, strict liability in case of personal injury and loss of pendant as well as wider options for confiscation of vessels have come to into force yesterday (May 15).
In April, the Danish parliament passed a bill intended to increase safety at sea. The new rules require you to have a third party liability insurance in cases of injury, loss of pendant or property damage.
If you are covered by an insurance, you are not allowed to operate a speedboat or personal watercraft. Also, you must have a certificate documenting proper insurance coverage.
The mandatory third party liability insurance is introduced to ensure greater certainty of compensation for the injured party when accidents involving speedboats, personal watercrafts and similar vessels occur.
The regulations do not only cover Danish speedboats and personal watercrafts. Foreign vessels that enter Danish waters must also have insurance. If a vessel does not already have the proper insurance, it is possible to purchase short-term insurance.