Ethan Allen Insurance

After the Ethan Allen tragedy last fall you could almost bet that in time the issue of insurance coverage would be raised. According to a report in the Times Union on Wednesday February 22nd, 2006. The Ethan Allen owners had “allegedly declined to purchase an insurance liability policy for the vessel and other boats in their fleet”(Times Union). But because their was no actual policy in place “that would have set aside money for the victims or their families means that the boat’s owners, employees and any other companies that may have made modifications to the vessel now will be targeted for damages, according to attorneys involved”"(Times Union). 

In my opinion the company that owns the Ethan Allen cruise ship was stupid to not carry any insurance. The first thing that should be asked in this case is they are a commercial company why didn’t they have insurance almost all commercial business have to carry insurance for the following cases if one of their employees gets hurt or if someone who is doing business at their particular office gets hurt they have to be able to compensate them in some sort of way. Second how can the state of New York allow the owners of the Ethan Allen allow them to run their business with out first making sure they have insurance. Third I think they should be penalized by the state for not carrying insurance and that they should have to handle all the damages that happened on their own with out putting the blame on someone else. 

 - Jess -