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Crew injury, illness and death

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If asked what factors you think would ensure good staff retention in any organisation, you may cite salary, bonus, benefits and career prospects as playing a significant role in keeping people on board. You might also point to a positive workplace environment free of harassment or bullying, opportunities for training and skills development, or the importance of an employer whose corporate and social values are aligned with those of their employees, as being important in keeping staff engaged and loyal.

By contrast, how an organisation deals with staff injury, illness or death may not be the first thing that springs to mind when discussing employee retention. And yet, in environments such as a superyacht where captains, engineers, stews and chefs spend weeks working and living together, the way in which worse case scenarios are dealt with can have a huge impact on crew morale and ultimately, on retention.

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Crew Illness, injury and death

 

Getting a smart education: Are virtual masterclasses the best way to learn?

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The first gearshift he points to in the insurance market is the reduction in the number of underwriters offering yacht coverage. “This makes the job of the broker more challenging” notes Huens. Not only are there less underwriters to provide
“And how is education supposed to make me feel smarter? …Every time I learn something new, it pushes some old stuff out of my brain.” So exclaimed cartoon anti-hero Homer Simpson, before he goes on to elaborate, “Remember when I took that home wine-making course, and I forgot how to drive?”

While it`s true – as many of us can testify – that as time goes on, we have the impression, like Homer, of forgetting more than we learn, the opportunities for acquiring new knowledge and skills have arguably never been greater. The internet and the virtual world, for all their sins, have opened-up a vast world of information and learning. And all of this available at the click of a button.

Continuous professional education is indeed a requirement for many lawyers, accountants and others, who are expected to undergo a certain number of hours training per year in order to carry on practising. Quaynote and other providers can offer attendees the opportunity to acquire their CPD (continuous professional development) or equivalent points via their participation at industry conferences.

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Getting a smart education

Insuring tomorrow`s superyacht

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Originally a shipping lawyer, Vincent Huens de Brouwer`s journey to becoming a superyacht insurance broker was not an obvious one. Indeed, his company, Covership, is one of a new breed of market entrants who represent something of a reverse trend in a contracting sector. Vince set up his own yacht insurance brokerage five years ago, a time when others were consolidating, scaling back or pulling out of yacht insurance altogether.

We caught up with Vince to find out more about what, in his opinion, is behind these industry changes and what Owners of the future should expect when they come to insure their yachts. Reflecting on his shift from shipping to yachting, from law to insurance, he explains “What I like about insurance is that you find risk solutions for your clients and you solve their claims, which can be very satisfying.”

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Insuring tomorrow`s superyacht

Preparing your superyacht for sale or charter: brokers tell all

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With reports of superyacht sales reaching record levels during the pandemic, it got us wondering if Owners looking to sell are taking full advantage of this buoyant market. How do you achieve the best price or quickest sale of your yacht? What should the Owner or their representatives do to prepare the yacht for sale?

To answer these questions and more, Tina Collins and Mike Rouse of West Nautical joined Lorna Titley from Quaynote and shared their insights on the latest trends in superyachts sales and chartering.

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Preparing your superyacht for sale or charter

Launch of Quaynote Academy Masterclass

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Welcome to The Quaynote Academy, a series of masterclasses where business aviation executives can complete continuous education in a virtual, self-paced environment.

Building on our formidable reputation as industry specialists, the Quaynote Academy will offer students a range of modules, each  presented by respected leaders in their field, designed to help professionals like you to learn the full spectrum of business aviation disciplines.

Learning can be done at your own pace using the recorded masterclasses with course materials included and online networking to be offered to those registering for a series of masterclasses.  Quaynote Academy students will take a short online quiz at the end of each masterclass and once this has been successfully completed, you will be issued with an attendance certificate.

Launched in 2023, The Quaynote Academy inaugural masterclass, Aviation Insurance 101, is presented by Zoe Layden, Chief Business Officer, at Falcon MGA Services. As a Lloyd`s backed MGA (managing general agent) that provides AOG (aircraft on ground) replace jet insurance for the insurance industry, Zoe and the team at Falcon are well-placed to introduce you to this vital component of business aviation.

Aviation Insurance 101 will cover:

*Types of Aviation Insurance – General Aviation; Product; Liability; Airports

*The parties – the insured; insurance brokers / intermediaries; the insurance companies

*The insurance market – insurance entities; Lloyd`s of London

*Types of aviation policies – Aircraft/Fleet Hull and liability; Hull War insurance; Products, Premises, Hangar keepers, Product Liability, Contingent third-party liability; other risk covers

*Golden rules – how to select a broker; relationships and trust; standard exclusions; who pays when there is a claim?

 Update your continuous education now! To register for Aviation Insurance 101 for the introductory rate of 99 Euros.  Register Here.

Eligible for one hour of CPD from the Quaynote Academy.

Subsequent masterclasses will provide an in-depth understanding of specialist areas such as Aircraft Management, Purchase, Financing, Registration, Insurance, Crew, Operations and Maintenance.  With each masterclass regularly updated to reflect new developments, The Quaynote Academy will offer a comprehensive learning suite to keep you at the forefront of the industry.

Kickstart your career in business aviation! To receive updates on future masterclasses or for more information about becoming a Quaynote Academy student or lecturer, please contact us:

alison@quaynote.com OR lorna@quaynote.ca

Superyacht insurance today: why quality wins over price

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Insurance has been around since the 1600s, but in the last few years the increase in natural disasters has led to changes in the way this centuries- old business operates. We spoke to Richard Felipes, Marine Insurance Consultant and Nicolas Palacios, Business Development Executive at Capurro Insurance to discover the latest trends in the superyacht insurance sector.

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Superyacht insurance today: why quality wins over price

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