MHG group plans have been recognized and adopted by luxury yacht owners, management companies, marine insurance brokers, Captains and Crew worldwide.
The luxury yacht industry is experiencing unprecedented growth with an abundance of new projects. At the same time, the industry has to cope with increasing legislation in the form of employee qualification compliance standards. Together, these two factors present a challenge to owners, management companies, and Captains alike, to attract and retain qualified professional yacht crew.
In response to this challenge, MHG Marine Benefits has developed a range of employee benefit programs, which provide an effective solution to the demands of today's yachting industry leaders. Only MHG has the marine industry experience and knowledge of international benefit markets to design and develop benefit plans that cater to the specific needs and lifestyles of yacht employees.
The boat owner's P&I (protection & indemnity) policy is not designed nor intended to be a benefit to the employee, but a risk management tool for the owner. Structured benefit programs in conjunction with pay and vacation benefits offer an excellent means to attract and retain valuable employees.
Medical and other insured benefits that are available to professionals in land based industries are now available to professional yacht employees of all nationalities.
The luxury yacht industry is experiencing unprecedented growth with an abundance of new projects. At the same time, the industry has to cope with increasing legislation in the form of employee qualification compliance standards. Together, these two factors present a challenge to owners, management companies, and Captains alike, to attract and retain qualified professional yacht crew.
In response to this challenge, MHG Marine Benefits has developed a range of employee benefit programs, which provide an effective solution to the demands of today's yachting industry leaders. Only MHG has the marine industry experience and knowledge of international benefit markets to design and develop benefit plans that cater to the specific needs and lifestyles of yacht employees.
The boat owner's P&I (protection & indemnity) policy is not designed nor intended to be a benefit to the employee, but a risk management tool for the owner. Structured benefit programs in conjunction with pay and vacation benefits offer an excellent means to attract and retain valuable employees.
Medical and other insured benefits that are available to professionals in land based industries are now available to professional yacht employees of all nationalities.
Advantages of private benefit packages:
- Provides full-time protection 365 days a year
- Enhances the value of compensation packages for crewmembers
- Reduces crew turnover saving valuable time and money spent on replacement, training, and certification of new crew members
- Provides an appropriate response to medical emergencies, thus decreasing liability exposure and increasing risk management efficiency
- Avoid delays in obtaining reimbursement
- Relieves owners and Captains of benefit administration