Protection From Start to Finish: Ocean Marine Insurance for Boat and Yacht Builders

When it comes to ocean marine insurance, boat and yacht builders face unique liability exposures. From initial construction, storage, and performance tests through final delivery of the finished product, your insurance package needs to be able to cover it all.

Finding a Company With Broad Industry Knowledge

International pressure to meet tightening profit margins and strict environmental guidelines have made ocean marine insurance requirements increasingly complex. That makes it crucial that manufacturers partner with an insuring company with wide industry experience. A comprehensive package should cover your entire investment, including equipment, construction, sea trials, and collision. Examples of property and general liability products include:

Property Coverage:

  • Crime
  • Business Income
  • Business Property (including piers and docks)
  • Mobile Equipment and Tools
  • Inventory
  • Wind, Hail and Flood
  • Business Personal Property
  • Builder’s Risk

General Liability:

  • Directors and Officers
  • Commercial Automobile Coverage
  • Marina Operators Legal Liability
  • Protection and Indemnity
  • Hull Coverage
  • Ship Repairers Legal Liability
  • Pollution Liability
  • Employee Coverage

Comprehensive Coverage With a Custom Fit

Faced with unique issues on and offshore, boat and yacht builders need versatility when it comes to liability protection. Whether you are considering ocean marine insurance for industrial, leisure, or luxury vessels, a knowledgeable, competitive insurer should be able to present you with a range of solutions tailored to your specific needs.