A no-claim declaration-also called a zero-loss statement-is generally required by insurance companies stating that a yacht captain has not had any claims or losses on previous boats.
"These days I go on all types of boats, and they all require a no-claims statement," an anonymous captain told industry trade site The Triton.com.
He and several other captains advised that any captain should disclose previous vessel accident involvement while seeking employment, regardless of whether or not it was the person's fault, the group told The Triton.
Making a false statement after being in an accident means "you're done," said another captain, adding that this could result in being prosecuted for negligence.
"The insurance companies will find out anything that has happened. So you need to say what you know."
Category: Marine License Revocation
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