Harsh Reality of Building or Servicing 65+’ Boats Due to growing demand for larger recreational boats, the NC boating industry has been pulled much closer to the pitfalls and harsh complexities of big business shipbuilding – even though we don’t have a shipbuilder in the state. If a business is building or servicing boats of 65’ or greater length, the business falls under Longshore and Harbor Workers Compensation Act (LHWCA) requirements. This means insurance costs that can cripple even the most profitable recreational builders. Nationally, efforts are underway to come up with a legislative solution for the recreational builders in the form of a bill, H.R. 1329 entitled the Recreational Marine Employment Act. For a one page NMMA summary, go to our
Harsh Reality of Building or Servicing 65+’ Boats
Due to growing demand for larger recreational boats, the NC boating industry has been pulled much closer to the pitfalls and harsh complexities of big business shipbuilding – even though we don’t have a shipbuilder in the state. If a business is building or servicing boats of 65’ or greater length, the business falls under Longshore and Harbor Workers Compensation Act (LHWCA) requirements. This means insurance costs that can cripple even the most profitable recreational builders. Nationally, efforts are underway to come up with a legislative solution for the recreational builders in the form of a bill, H.R. 1329 entitled the Recreational Marine Employment Act. For a one page NMMA summary, go to our
www.Ncwaterwaya.com Business Assistance Tab for boatbuilders.