The Reality of Yacht Insurance and Marine Risk Management | FYS Podcast Ep 07 w/ Laura Sherrod

Navigating Risk and Reality in the Superyacht IndustryComprehensive asset protection in the maritime industry requires a profound understanding of operational risk.In this episode of the Foster’s Yacht Services Podcast, CEO Dennis Foster sits down with Laura Sherrod, the Director of Yacht Insurance at Newcoast. As a fifth-generation Floridian whose family owned the Merrill-Stevens Shipyard, Laura’s understanding of marine risk began on the shipyard floor. With over 30 years of experience spanning roles as a Lloyd's broker and an underwriting manager, she provides an executive-level breakdown of the complexities involved in insuring modern superyachts.This conversation examines the rapidly changing landscape of marine insurance. Laura details the operational realities that keep industry experts awake at night, from rising vessel values and storm exposure to crew liability and the integration of advanced onboard technology. Furthermore, she shares her unique perspective as an industry authority and expert witness, clarifying the most common misunderstandings yacht owners face when disputes arise over their insurance policies.Listen to the full episode to understand the uncompromising realities of marine asset protection.Check our website: https://www.fostersyachtservices.com/Follow us on social media:Facebook: https://www.facebook.com/fostersyachtInstagram: https://www.instagram.com/fostersyachtservices/LinkedIn: https://www.linkedin.com/company/foster's-yacht-services/