For boat and yacht builders, reliability, performance, and integrity are of utmost importance. The same should be true of those who provide insurance for such craftsmen. As boat and yacht builders continue to face greater and greater risks, now more than ever it is important that they be insured with the proper coverage. While many insurance programs can provide basic property, inventory and crime coverage, good yacht builders insurance programs must account for the special needs of yacht builders like mobile equipment and tools, docks and piers, and wind, hail and flood coverage.
Covering for Other Liabilities
Whether for private or commercial clients, boat and yacht builders need protection for their marine investments, equipment, and boatyard. Accidents and litigation are very real possibilities, and good programs will provide the right coverage to prevent these liabilities from becoming disasters. These programs can include:
- Marina Operators Legal Liability
- Ship Repairers Legal Liability
- Protection and Indemnity and Hull Coverage
- Commercial Automobile Coverage
- Umbrella and Bumber shoot
- Pollution Liability
These yacht builders insurance programs can cover the whole process, from the boat being built to launching and cases of collision and P&I. While it may seem a good area to cut corners, a good insurance program can actually save thousands of dollars in the event of pricey lawsuits. Put your clients’ mind at ease with reliable and affordable insurance programs tailored exactly for them.