A New Choice for Parasail Insurance. Backed by Proven Expertise.
For years, the parasail industry has faced a difficult insurance landscape, with limited options and a need for greater competition and innovation.
Now, an important new option is coming to our industry.
At this year’s WSIA Parasail Operators Symposium, we’ll be introducing a new insurance program developed through a collaboration between WSIA and Berkley Offshore, working with One80 Intermediaries and established industry insurance brokers.
Berkley brings an exceptional depth of experience in specialty marine insurance, including a long track record of success, technical expertise, and experienced claims specialists who understand the complexities of marine operations. Complementing that expertise, One80 brings more than 30 years of experience managing specialized insurance programs on behalf of insurance carriers.
Together, WSIA and these experienced insurance partners have worked to develop a balanced insurance product that reflects the unique needs and challenges of the parasail industry, while recognizing operators who have demonstrated a commitment to safety and operational excellence.
Here’s why this is an important development:
More choice and competition. The introduction of an established marine insurance specialist creates another option in a market where operators have historically had very few.
Potential for more competitive premiums. By recognizing operators who demonstrate a strong commitment to safety, professionalism, and industry best practices, this new program creates an opportunity for well-qualified businesses to gain greater control over their insurance costs, with the potential for lower premiums. Individual outcomes will depend on underwriting and eligibility.
Proven insurance expertise. Berkley’s specialized marine underwriting knowledge and experienced claims professionals, combined with One80’s decades of experience managing specialty insurance programs, bring a powerful combination of expertise to the industry.
Recognizing professional operators. The program is designed for businesses with a demonstrated track record of responsible operations, effective risk management, and a commitment to safety. Qualifications are tied to the ASTM standards that WSIA and industry leaders have spent more than a decade developing and improving.
Established broker relationships. Working through One80 Intermediaries and participating industry brokers, the program is designed to allow operators to continue working with their existing insurance professionals.
Get the full story at the Symposium.
Representatives from Berkley Offshore, One80 Intermediaries, and participating industry insurance brokers will be on-site to introduce the new program, explain coverage and qualifications, and answer questions about what it could mean for your business.
After years of working to strengthen our industry’s operating standards, we’re excited to introduce a new insurance opportunity that recognizes that progress and creates a foundation for a stronger, long-term relationship between insurers and professional parasail operators.
Join us at the WSIA Parasail Operators Symposium and be part of this important next chapter for our industry.