What Is Boat Builder’s Insurance?

What Is Boat Builder’s Insurance?

February 3, 2022 Off By admin

Companies that focus on building custom yachts, commercial boats, and other vessels have unique needs. Some of their core coverages are similar to those seen in the construction industry, but with language about boats and not buildings. Others resemble marina coverage or yacht club coverage. On top of that, you need the basic liability and employment insurance packages any employer needs. Boat builders insurance programs offer you a chance to streamline your insurance shopping experience while buying coverage that takes care of everything, because it basically brings all those coverage types together into one policy package.

Common Boat Builder’s Coverage Areas

It is important to keep in mind that every insurance program that offers you comprehensive coverage based on your business type will have slightly different options. That being said, these are the common coverage areas you can expect, and most companies have a way of referring you to the right people if you have an unconventional need that is outside the program, just to make sure you are taken care of.

  • Customized liability including your general policy, professional liability, environmental coverage, ship repairer’s and marina legal liability coverage, and any other vital areas
  • Builder’s insurance for hulls, molds, and sea trials
  • Crime coverage, risk insurance, and business interruption coverage
  • Worker’s compensation
  • Property coverage for your property, equipment, and supplies
  • Commercial auto coverage

If you want to be sure you are working with a program that can truly meet your needs, look for the long-established, experienced providers. There are a few out there and you’ll recognize them by their expertise with boat builders insurance.