Legally that may be so, but don’t you think he has some moral responsibility for any damages caused by mistakes of employees of contractors or a company’s employees whose services he hired?
Not really, but it would still be the stand-up thing to do something about the damages given his resources, besides run away. Its the difference between being a jerk and being a decent person.
He should find a way to help whether he caused the damage or not, because he was involved and that’s the compassionate thing to do, not because he has some moral responsibility to fix mistakes whether he caused them or not.
I think we are in full agreement and I think I misread the tone of your post. My bad. Foul on my part.
Question: Aren’t yacht owners and/or operators legally obligated to carry insurance the same way motorists are?
I don’t think so mainly because unlike one’s car, a yacht of a certain size is unlikely to be driven by its owner. Its more like the liability of one’s chauffeur or personal pilot. Short of giving them a command to do something bad, there is little liability attached to the owner if such a skilled employee does something stupid. Its just because the skills in piloting a big ass yacht and a plane are generally outside the realm of general knowledge of their owners.