The solemn duty of the youngest crew member is to check the plug
And +1 on the lanyard.
If you want to seal exposed wood, use epoxy, and preferably one that's formulated with low viscosity so it can wick up into the wood as far as possible.
SystemThree makes two suitable products (other vendors may have similar offerings, but I'm familiar with the SystemThree line). They have a RotFix epoxy which flows almost like water, and is really easy to mix (unlike similar products it's not thinned with solvents). It's part of a system that is designed to deal with wood that's not only exposed, but shows some signs of rot, but it can be used by itself.
The downside is that you are unlikely to use up even the smallest package on your boat. However, it's great around the house - often a sensible alternative to replacing exterior wood trim is to treat it.
For boating use, their laminating epoxy would work nearly as well. A laminating epoxy (unlike a glue) is formulated to easily wet out glass. While it is definitely thicker, it does wet out wood quite well. And it's a great epoxy product for laminating (fiberglass repairs). Unmixed, the shelf life is near infinite, so you can keep it around safely for future tasks.
If you're unsure whether your exposed wood ever got wet, you can treat it with a bit of borax solution, or a proprietary borax-based product. That would prevent existing rot to grow under the epoxy. In either case, the wood should be very dry before you encapsulate it.
As usual with expoxy, you need to follow the mixing ratios with the highest precision, as well as other instructions.