The Professional Yachting Association (PYA) has announced that it is now offering Legal Expenses insurance as part of its membership package for full members. If you are currently a paid full member, therefore, you are automatically covered by the policy.

The insurance has been put in place to pay the legal defence costs of members that are being investigated, charged, arrested or detained at home or abroad while undertaking their professional duties, where no alternative cover exists. 

The limit of indemnity provided by underwriters is £50,000 for any one occurrence, with 10 per cent deductible off the final claim amount subject to a minimum of a £1,000 for any one occurrence. 

The insurance policy is subject to certain warranties and exclusions. This includes that all sources of legal protection, rights of recourse, financial support and representation from P&I insurers, the Members’ Trades Union, professional bodies and any private insurance arrangements shall be sought out and invoked by the member and take precedence over the coverage provided by the PYA's policy.

The contract also specifically excludes claims arising by virtue of perpetrating a deliberate criminal act. The full details and wording of the policy can be viewed on the PYA website here.

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