The data sources, calculations, and assumptions behind every statistic referenced across our materials. We believe in showing our work — every number cited has a documented basis.
Primary Data Sources
Government and industry data underlying the safety, fatality, and operational figures cited throughout our materials.
[1]
USCG 2024 Recreational Boating Statistics Report
U.S. Department of Homeland Security / U.S. Coast Guard. Published 2024. Source for fatality counts (556), property damage ($88.3M), injury counts, collision data (929 fixed object), alcohol involvement, and training correlation (75% fatalities / no instruction).
[2]
Value of Statistical Life (VSL)
Per U.S. Department of Transportation current guidance (~$11.6M per fatality). Applied to 2024 USCG fatality data to derive societal cost range of $12B–$15B.
[3]
Florida State Fiscal Burden Estimates
Florida state fiscal burden figures derived from USCG 2024 data proportionally applied to Florida’s estimated 1M registered vessel base. Search & rescue costs, uninsured medical, and fatality investigation costs per FWC and Florida state reporting. Internal Trusted Boater analysis.
Cost Modeling & Operational Projections
Calculations behind potential cost savings, efficiency gains, and operational comparisons. These are projections; actual outcomes will vary.
[4]
Search & Rescue Cost Comparison
Traditional search ($240K/mission) vs. GPS-assisted ($150K/mission) based on USCG SAR operational cost modeling. 685-mission annual projection per Florida incident data. Potential savings are projections, not guaranteed outcomes.
[5]
Derelict Vessel Prevention Modeling
Backlog of 1,040 vessels and removal costs ($24,000 average) per Florida FWC Derelict Vessel Program published data. Prevention cost ($2,500) per Trusted Boater operational model. Potential savings ($22.36M) are projections based on current backlog.
[6]
Law Enforcement Verification Efficiency
Radio verification time (15 min) vs. mobile platform (5 min) and 3× enforcement efficiency based on Florida marine patrol operational benchmarks. Labor savings at $50/hr loaded officer rate per Florida state compensation data. Per 10,000 boardings estimate.
[7]
Insurance Retention & LTV Modeling
42% new boat buyer exit rate within 5 years per BoatUS / NMMA recreational boating participation research. 22% insurance cross-sell uplift for engaged policyholders per general insurance industry studies. LTV tenure extension (+4 years) per engaged policyholder benchmarks.
[8]
Fatality Avoidance Estimate
Fatality avoidance ($24M) represents a potential Florida state saving based on a 20% reduction in maritime deaths and associated hospitalization costs. This is a projection and not a guaranteed outcome.
Forward-Looking Statements & Patents
Disclaimers covering platform projections and intellectual property status.
[9]
Forward-Looking Platform Projections
All Trusted Boater platform projections (CAC estimates, revenue projections, market sizing) are forward-looking estimates based on comparable SaaS, insurtech, and marketplace benchmarks. Actual results may vary. Not financial advice.
[10]
Patent Pending & Roadmap Status
BOSS Score™ and Insurance Value Score (IVS)™ are patent pending. Platform capabilities described represent design intent and current development roadmap. Feature availability subject to change.
Questions about a specific statistic or source? We're happy to share the underlying analysis. Email team@mobileuptech.com with the figure you'd like clarified and we'll get back to you within one business day.