Should your boat go down, I will still pull your ass out of the water.
Well the founders did anticipate this kind of problem, but they didn't believe that the people would be stupid enough to let regulatory government get this far. You are clearly a little young yet to understand this and definitely short on your knowledge of history, but perhaps you should consider why it is that after tens of trillions of dollars of military expenditure, the only plane that didn't hit its target was brought down by the militia. Had it been left up to the military the White House would be a large hole in the ground.
Should your boat go down, I will still pull your ass out of the water.
Which shows just how little you understand free markets. The only reason there aren't private towing and rescue companies at sea funded by maritime insurance is that they would have to compete with the Coast Guard which operates on tax money and does the job for free.
Now, how about those container ships?