Marine Trade Insurance
A marine trade policy is essentially a commercial combined policy for businesses, clubs and associations who are connected to marine related activities.
A marine trade policy allows selected insurance covers, including those which are unique to the marine trade, to be consolidated under a single cost-effective umbrella policy.
This type of package policy is typically suited to the requirements of boat builders and shipwrights, boat traders, chandlers, marinas, boatyards, harbour authorities, yacht clubs, sail makers and the like.
Not all marine related risks require a marine trade combined policy and standalone policies are available for tailored needs of associated marine professions and trades such as surveyors, engineers, electricians, welders and fabricators.
If I take out a Marine Trade policy what could it cover me for?
- Business premises and property both ashore and afloat
- Vessels including builders' risks
- Business interruption
- Public and products liability including yacht yard indemnity, waterborne, height and heat work
- Employers’ liability
- Cover while at shows and exhibitions
- Cover for activities carried out abroad
- Business and personal travel insurance cover
- Loss of money
- Goods in transit
- Defective title and ownership
- Professional indemnity
- Directors & officers liability
- Legal expenses