I agree that the insurance out there has a lot of loopholes that they can get out of. I think the best way might be to incorporate yourself as a business and derive a paycheck as an employee of the business. I have friends that make every owner sign a hold harmless agreement before they step foot on the boat, this was drawn up by a friends attorney. I think they would go after the yacht owner first, they have much larger pockets then we do. But who knows anymore. Nothing is easy when it comes to liability anymore. They even fine you in the Florida Keys for messing up the reef after you've run aground. Like if someone runs aground, that's not enough financial hardship to start with. It's not like anyone does that on purpose. Luckily I haven't as of yet.