What is the minimum amount of liability insurance required for a charter boat (party boat) owner under Texas law?

Under Texas law, the minimum amount of liability insurance required for a charter boat owner, which includes party boats, is $300,000. This requirement is in place to ensure that in the event of an accident or incident, there are sufficient funds available to cover potential damages or injuries that may occur to passengers or third parties. It serves as a protective measure for both the operator and the passengers, helping to promote safety and financial accountability within the boating industry. By maintaining at least this minimum level of coverage, operators can better manage risks associated with operating a charter boat, thereby benefiting everyone involved in the activity.