Commercial vessels insurance

Insurance for commercial vessels

Our commercial vessel insurance provides specific protection for commercial vessel owners and operators. This includes commercial craft insurance tailored to meet the needs of various types of vessels such as small ferry boats, motor boats, and commercial workboats.

Commercial vessel insurance typically covers a range of protections tailored to the unique risks of maritime operations in the UK and beyond. Key coverages usually include:

• Hull and Machinery (H&M) insurance. Covers physical damage or loss to the vessel itself, including its hull, machinery, and equipment. Protection applies against perils such as sea hazards, fire, natural disasters, collisions, damage caused by construction fault loss, and unseaworthiness resulting from maintenance work design issues.
• Third party liability. Covers damages from maritime business activities. This includes third-party property damage and bodily injury, helping to protect your livelihood and business reputation.
• Crew liability. Crew liability insurance is a vital part of broader commercial marine insurance, often tailored to the specific needs of the vessel and crew. It protects against negligence claims and covers associated legal and medical expenses.

Our features and benefits

• Financial Protection. Minimises economic impact from unforeseen events such as storage theft, transit theft, or violent forcible entry. Coverage also includes insured personal effects, insured gear, and outboard motor protection.
• Risk Management. Helps businesses manage trade risks and reduce capital lock-in by encouraging the use of an appropriate anti theft device and ensuring vessels are permanently marked and secured to mitigate potential losses.
• Business Continuity. Supports uninterrupted supply chain operations and business stability, especially for operators of parent vessels and commercial fishing fleets.
• Legal Compliance. Required by many countries and international trade terms for smooth operations, ensuring your vessel meets the normal method of safety and insurance standards.

Plus key optional extras:

• Personal accident and business travel insurance
• Commercial legal expenses
• Management liability insurance
• Cyber liability insurance
• Commercial combined insurance

Our specialised cover options and competitive premium pricing make us a highly recommended choice. We understand the importance of reasonable maintenance loss coverage and protection against expense intentionally caused damage or tear during repairing or operational activities.

For more information or to contact us, please reach out to our commercial marine team. We focus on delivering the best insurance solutions for the marine industry, providing you with peace of mind and confidence in protecting your commercial vessel.

What's covered in our commercial boat insurance policies?

Please note this list is not exhaustive – refer to full policy document for details.

What is insured?

• Hull and Machinery
• Third party liability
• Crew liability

What is not insured?

All of these covers can be considered separately if required.

• Personal accident insurance
• Business travel
• Management liability
• Professional indemnity

Why choose us for commercial marine insurance?

Specialised marine expertise

• Over 40 years of experience specifically in marine broking.
• Deep understanding of the unique risks and complexities in the marine trade sector.
• Skilled in finding solutions for complex client needs and explaining policy details clearly.

Strong customer service and reputation

• Winner of the Feefo Platinum Trusted Service Award, based on genuine customer reviews.
• Personalised service with real people ready to answer questions and go the extra mile.
• Commitment to prioritising customer satisfaction and support.

Comprehensive and flexible coverage

• Insurance for a wide range of marine businesses including boat builders, marinas, boat and engine repairers, commercial vessels, and sailing clubs.
• Protection against accidental damage, fire, theft, and third-party liability.

Trusted partnerships and backing

• Trusted insurance partner of the Royal Yachting Association (RYA) for over 30 years
• Quality products supported by A-rated insurers.

Proactive Support and Claims Handling

• Dedicated to representing clients' interests during claims for the best outcomes.
• Offers proactive risk management advice to protect marine businesses.
• In-house claims team providing support from start to finish.