merrimac ins

Insurance Coverage Caters to Boat Dealers’ Unique Risks

From damage to boats and property to theft of watercraft and accessories, boat dealers’ business risks are diverse. That’s why boat dealer insurance can give you the coverage and peace of mind you need to be successful.

Unique Risks

Each boat dealer possesses unique risks, as reported by www.merrimacins.com/. For example, the risks of a middle-market boat dealership will differ from those of a global watercraft company. To cater to your unique situation, insurance providers offer a range of property and liability coverages.

Property Insurance

When you’re a boat dealer, you deal with more than boats and watercraft. You’re also working with property, marine structures, and equipment and tools. Marine insurance providers offer property coverage so that no matter the damage or theft, you and your business stay afloat.

Liability Insurance

As a boat dealer, you need the liability coverage that protects you from claims and lawsuits. In addition to general liability, which covers general risks in the boat dealership industry, you can choose to invest in the following — and other — types of liability coverage: marine operators, pollution, protection and indemnity, and ship repairers.

As you can see, there are many options for you when it comes to insurance for your business. Consult with an experienced boat dealer insurance provider to find the coverage that’s right for you.