Not all yacht insurance policies are alike. Some, for example, exclude losses under the Jones Act, more formally known as the Merchant Marine Act of 1920.
This U.S. federal statute regulates maritime commerce in U.S. waters and between U.S. ports. The law permits injured crew and staff members on board a ship to obtain financial damages from their employers for the ship owner’s negligence. Another law, the Longshore and Harbor Workers Compensation Act, extends the same employment-injury and occupational-disease protection privileges to third parties, such as a bartender hired to serve an onboard occasion on a yacht.