Boat Builders Insurance

Protection for Your Business

Protection for Your Business

Protecting your boat building business is easy if you have the right boat builders insurance. That is why, no matter who your clients are, your company needs insurance. When you do, you can be safe no matter what comes your way.

Your Choice in Coverage Options

When it comes to your boat or yacht building business, you need special coverage. It doesn’t matter if you have private or commercial clients or build small boats or large yachts. All that matters is protecting your equipment, your business, your employees and yourself in the event of an unexpected damage or an unforeseen situation. That is why you need an insurance policy that’s crafted specifically for you and your business needs. Some coverage options you can choose from include those listed below:

Builder’s risk

General liability

Commercial auto liability

Pollution liability

Legal liability

Crime insurance

Business interruption

Security and Peace of Mind

Building boats or yachts is a unique business, with unique insurance needs. Thankfully, there is boat builders insurance that is right for you and your company. You can build a custom plan that suits the size and scope of your business, so you can protect yourself and your assets no matter what happens. That way, you can get back to building boats and worry less about business risks.

The Value of Boat Builders Insurance Wholesalers

There are some key challenges the marine industry must deal with year in and year out. The biggest challenge they may be currently facing is finding qualified, motivated technicians to make sure that individual businesses, as well as the industry as a whole, are supporting all of the current programs that are in place to train workers, such as vocational schools. The marine industry is a great way to make a living, offering good quality, high paying jobs.

But even the best schooled, best-trained workers are vulnerable to making errors or mistakes that can be quite costly to the businesses they serve. Having access to boat builder insurance wholesalers can keep your clients and their companies afloat.

Boat insurance for hull coverage and other pertinent issues

Hull insurance coverage is available to commercial vessel owners or operators, tug and barge operators, marine transportation operators, excursion companies, marine contractors, and boat and ship builders. This includes physical damage to the hull caused by fire, explosion and other marine perils, damage to machinery and other equipment, and apparatus installed on the vessel. Collision liability can be covered up to the value of the vessel. Additional coverage is available for excess collision liability and strikes, riots and even war risks.

Protection and Indemnity insurance protects vessel owners or operators against liability for personal injury, loss of life, third-party property damage, and other vessel-related expenses incurred during operations. Crew coverage protects against liability for loss of life or personal injury, including defense coverage for an insured against suits by third parties.

Cargo legal liability can be included, and liability for pollution damages resulting from operations can be covered as well. There are several exposures that your clients will want to address. If the policy language is hard to decipher, explain how the different policies work so that your clients fully understand what the policy does, and doesn’t cover. They will benefit from the added value of working with boat builders insurance wholesalers.