Racing Risks
Additional risks are likely to be incurred whilst racing and different policies have varying requirements. What is certain is that an extra premium must be paid. It is important to remember that an act or error of judgement that may be an infringement of the racing rules will only sometimes amount to negligence for the purposes of the civil law.
The Racing Rules of Sailing require a boat which realises she has infringed a rule promptly to retire or take a penalty. If a boat is covered for racing risks then that cover implies an acceptance by the underwriter of the precise terms of the Rules and RYA Prescriptions. Therefore the duty to retire is not in conflict with the requirement of certain underwriters that no action should be taken which may be construed as an admission of liability.