What You Should Know About Boat Insurance
July 21, 2022
What You Should Know About Boat Insurance

Whether you own a boat or are thinking about getting a boat, we will share helpful information with you to help you navigate boat insurance. Boat insurance is not currently required in New York, however, like your car it’s recommended to get insurance in case you need to fix or replace a damaged vessel.


Cost of Boat Insurance

Boat insurance is pleasantly inexpensive. Covering your boat and your family onboard can cost on average only around $20 per month. However, there a several discounts available that may make it even more less expensive! If you package your boat insurance with your home and auto insurance, pay the full-year rate upon signing up for insurance, or taking a boaters safety class which can save 5% are a few ways to drop your insurance rate.


Discounts for Boat Insurance

It is possible your boat may qualify for a discount. Ask your agent about the following that may help you discover some cost-savings:


  • Is your boat diesel powered? This is considered less dangerous than gasoline powered because of the risk of explosions.
  • Do you have Coast Guard approved fire extinguishers or ship-to-shore radios?
  • Have you passed a Boater’s Safety Course?
  • Consider packaging your home and auto with boat for discounts.
  • Do you use your boat only in the summer months and winterize your boat in a secure established boat storage facility? This is often referred to as a “lay-up” discount versus it being in the water year-round.
  • Does your boat have anti-theft alarm systems, GPS, CO2 detector, depth finders or radar?
  • Do you have many years of boating experience with a high-performance boat?
  • Is your boat newer? Some newer boats have added safety features that give you a discount.
  • Do you have a safe boating record? That helps!
  • Are you boating in fresh water that’s safer, compared to bodies of salt water or an area known for severe weather? Limiting your radius of use can keep our rates low.


What Affects the Cost of Boat Insurance?

The size of your boat, motor size or top speed of the boat, style, and value all are considered when an insurance agent shops for your boat insurance coverage.


What is typically covered?

Boat insurance covers physical damage to your boat. It will also cover theft or medical bills including bodily injury to passengers and other boaters.


It is possible it may not cover normal wear and tear, gradual deterioration, insect damage, marring, denting, mold, animals like sharks or zebra mussels, scratches, manufacturer’s defects, ice, or damaged machinery.

Talk with our specialist and they’ll be able to tell you what coverage is available and match them with what your needs are.


Types of Boat Insurance

There are two kinds of coverage available, an actual cash value and an agreed amount value. How depreciation is handled is what differentiates them.


  • An Actual Cash Value covers replacement cost minus depreciation at the time of loss. If there is a total loss of your boat, used boat pricing guides are used to decide your boat’s market value. Partial losses are taken care of by calculating the total repair costs minus depreciation. This coverage may cost less but you must consider depreciation.
  • An Agreed Amount Value is calculated on an appraisal of your boat that both you and your insurer agree on. If you have a total loss of you boat, that agreed upon amount is what you will get back. These policies also replace old items with brand new items in a partial loss, without depreciation coming into play.


Who can operate your boat?

Most of the boat insurance policies will allow anyone you give permission to operate your boat. If you have a high-performance boat or personal watercraft, there may be exceptions to this so be sure to discuss this with a knowledgeable agent. To add more drivers to your policy may increase your premium.

Common Boat Insurance Add-On Policies

Depending on what type of policy you go with, you may want to consider some of the most popular add-on coverages.


  • Specialized Coverage-this covers something specific and more expensive on your boat, for example navigation equipment.
  • Salvage-this covers the expense of moving your boat after it was damaged.
  • Consequential Damage-covers wear and tear due to rot, mold, and corrosion.
  • Towing-It can be very costly to tow your boat safely across water and this pays for that cost.
  • Cruising Extension-this is a temporary policy if you are leaving the United States.
  • Guest Passenger Liability-if a guest takes over control of your boat and there’s an accident.


In conclusion, the cost of your boat insurance depends on the coverage, limits, and deductibles you choose, the type and size of boat, and where you will use and store your boat.  Contact Simco for a free quote for whatever watercraft you need coverage for and consider bundling your home and auto and save money.

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June 2, 2025
When school lets out, many working parents face a new set of challenges: piecing together childcare, coordinating summer camps, adjusting work schedules, and simply trying to maintain a sense of balance. For employers, this season presents a valuable opportunity to demonstrate empathy and build stronger connections with your workforce—especially your working parents. By offering the right policies, benefits, and workplace flexibility, your company can help parents manage the summer shuffle—while keeping productivity and morale strong. Here are a few impactful ways to make that happen. 1. Offer Flexible Scheduling Options Summer schedules are rarely predictable, especially for parents with younger children or teens involved in day camps, sports, or part-time jobs. Allowing employees to shift their working hours or compress their workweeks can be a game-changer. Early start and end times, four-day workweeks, or staggered hours give parents the flexibility to handle family logistics without sacrificing their jobs. What you can do: Encourage managers to have open conversations with team members about their summer availability. Promote cross-training so employees can support each other during flexible hours or time off. Formalize a “Summer Flex Hours” program to show company-wide support. This kind of trust-driven flexibility not only improves work-life balance but also boosts engagement and retention. 2. Revisit Your Remote or Hybrid Work Policy For companies that support remote work, summer is an ideal time to offer extra flexibility. Parents may need to be closer to home for child supervision or to avoid time-consuming commutes during camp drop-offs and pickups. Even one or two remote days per week can ease the mental load on parents—helping them stay focused and productive during working hours. And it signals a deeper commitment to employee wellbeing. Ways to implement: Offer a seasonal “summer remote work option” if your company is traditionally office-based. Empower department heads to tailor remote work flexibility to their team’s needs. Reinforce accountability and results-based performance to support this model. Tip: Simco is happy to help you review your remote work policy for both compliance and employee satisfaction! 3. Promote and Educate on Dependent Care Benefits Many organizations offer dependent care support, but employees often forget—or aren’t aware—of what’s available. Summer is a perfect time to highlight programs like: Dependent Care FSAs (tax-free childcare reimbursements) Childcare subsidies or stipends Backup care assistance Employee Assistance Programs (EAPs) with parenting or caregiver resources Tip: Create a simple “Summer Benefits Guide” or a quick email campaign highlighting available benefits. If your team uses a digital portal or app, make sure this information is easily accessible and up to date. 4. Plan Ahead for PTO and Team Coverage Summer means vacations—and for working parents, this might be the only chance they get to spend extended time with their families. That’s why it’s crucial to encourage early vacation planning and transparent communication among teams. Strategies to support summer PTO:  Ask employees to submit summer PTO requests as early as possible. Use shared calendars and collaborative tools to coordinate team coverage. Train back-up team members ahead of time to avoid last-minute stress. Consider adding a floating summer holiday or mental health day to give employees a breather. When employees feel supported in taking time off, they’re more likely to return refreshed and ready to re-engage. 5. Build a Family-Friendly Workplace Culture Supporting working parents isn’t just about policies—it’s about creating a culture of empathy and understanding. That starts with leadership modeling flexibility, and continues with teams who respect boundaries and accommodate personal obligations. Ideas to build culture: Create a parent resource group or Slack channel to exchange ideas and support. Share local summer camp or childcare resources in your company newsletter. Avoid scheduling late afternoon meetings that may interfere with family commitments. Celebrate family milestones or kid-friendly moments in a light-hearted way. These small cultural cues can go a long way in helping working parents feel seen, supported, and valued—especially during a season that’s often more stressful than relaxing. Final Thoughts Supporting working parents through summer break isn’t just the right thing to do—it’s a smart business strategy. Offering flexibility, benefits education, and an understanding culture helps companies retain top talent, foster loyalty, and create a healthier workplace for all. Need Guidance? At Simco, we specialize in helping businesses implement people-first policies and scalable benefit solutions. If you’re looking to enhance your workplace support for parents (or all employees), our specialists are here to guide you! Let’s talk about how we can help your workforce thrive—this summer and beyond.
May 30, 2025
Let’s be honest—mid-year reviews often don’t get the attention they deserve. They sneak up between vacations, project deadlines, and Q3 planning. But when done right, these check-ins can be one of the most valuable tools you have for keeping employees engaged, aligned, and growing. They’re not just about checking a box or filling out a form. Mid-year reviews are a chance to reconnect, recalibrate, and reenergize your team—and they can have a big impact on retention and performance. So, how do you make these conversations count? Let’s break it down. Why Mid-Year Reviews Actually Matter Think of the mid-year review as a strategic pit stop. You’ve made it halfway through the year—now’s the time to assess what’s working, what needs adjusting, and where your people want to grow. And here’s why that matters: Companies that implement regular performance feedback see 14.9% lower turnover rates than those that don’t, according to Gallup Employees who receive consistent feedback perform better and are more engaged overall, according to studies conducted by the Harvard Business Review Employees are far more likely to stay when they know their growth is supported The takeaway? People want feedback. But more importantly, they want useful feedback—along with the tools to take the next step forward. What to Ask: High-Impact Questions Performance reviews should feel like conversations, not interrogations. Open-ended, thoughtful questions help create space for honest dialogue. Below are a few ideas to keep the conversation flowing—and meaningful. Goals & Achievements What’s been your proudest accomplishment this year? What challenges have you worked through—and what did you learn? Are we on track with the goals we set earlier this year? Strengths & Value What are you most confident about in your role? Where do you feel you're making the biggest impact? Growth Opportunities Are there any skills you’re itching to develop? Where could we offer more support or resources? Looking Ahead Where do you see yourself a year from now? What kind of training or experiences would help you get there? This isn’t just about reviewing the past—it’s about setting the tone for the future. Turning Feedback into Development: Exploring the Role of Learning Management Systems Identifying growth opportunities during a performance review is just the first step—real transformation happens when you take action on that feedback. One effective way to support employee development is by leveraging a Learning Management System (LMS) . An LMS provides a structured and scalable way to turn feedback into forward momentum—whether you're preparing someone for a promotion or helping them build confidence in new skills. Key LMS features that support performance development include: Personalized learning paths aligned with individual or team goals Access to broad training libraries, including compliance and skill-building content Tools to track progress and measure learning impact Engaging elements like AI assistance, gamification, and peer learning These tools transform performance feedback into growth, helping businesses create a continuous learning culture. Look No Further At Simco , we support our clients through every stage of the performance management journey — from crafting the right review questions to delivering personalized, scalable learning opportunities. Our integrated HCM technology includes the isolved Learn & Grow Module, which features: 89,000+ courses including SCORM and state-compliant training Custom curriculums for individuals and teams AI-driven search and chatbot support Dashboards, reporting, gamification, and more Final Thoughts: Mid-Year Reviews Are a Strategic Lever Mid-year reviews are more than a checkpoint — they’re a chance to re-engage your team, show appreciation, and chart a clear path forward. When you treat them as an opportunity for dialogue, reflection, and action, the benefits ripple across retention, morale, and performance. Want to make your next round of reviews truly impactful? Let’s talk about how Simco can help streamline your process and empower your people.
May 15, 2025
Each spring, New York State enforces a residential burn ban from March 16 through May 14 to help prevent wildfires. As of yesterday, the ban has officially been lifted , but fire safety should remain top of mind. While the Finger Lakes has seen steady rain this week, the risk of fire can still escalate quickly with a few dry, breezy days. If you’re planning to burn brush, enjoy a backyard fire pit, or take part in spring clean-up, it’s important to do so with caution. Why Does the Burn Ban Exist? The annual burn ban is in place to reduce the threat of wildfires during one of the most vulnerable times of the year. In early spring, before trees and vegetation fully green up, dead grass, leaves, and branches are dry and highly flammable. Combined with seasonal winds and low humidity, even small outdoor fires can spark large, fast-moving wildfires—especially in rural areas. This proactive ban has proven to significantly lower the number of wildfires across the state each year, protecting homes, farmland, and natural habitats. What Homeowners Should Do Now With the ban lifted, it’s a good time to: Review your homeowners insurance to ensure you're protected against fire-related damages. Practice safe outdoor burning , such as keeping fires a safe distance from structures and never leaving them unattended. Consider additional coverage for properties with wooded acreage or high-risk features. At Simco , we’re here to help you navigate risks like these—before they become problems. Whether you need a policy review or simply want to make sure your coverage keeps pace with your lifestyle, we’re just a call or click away .

Have a question? Get in touch.