For the last 15 years or so I have entertained customer's and fellow
employees on my boat. I have recently decided to take a trip from the
Chesapeake to NYC and my company has offered to cover the fuel expense
if I were to make myself and the boat available for employee and
customer outings while there.

In the past I have asked my insurance providers if I would be covered
under these circumstances. They always indicated that provided that I
was not a charter and I made no profit from the expense reimbursement I
would be covered.

I have just been told by a Boat U.S. insurance underwriter that if I
were reimbursed by the company for fuel expense only that this is
considered business use and I would not be covered.

I know literally scores of people who do this regularly and have done
so for years. My question is:

Can this be correct? Are there other insurance companies that have a
more realistic definition of business use? Are there any suggestions
for getting around this?