Commercial Watercraft Insurance
Designed for:
Commercial vessel owners or operators, tug and barge operators, marine transportation operators, excursion vessels, marine contractors, boat or ship builders.
Vessel and Operations that fit this program include:
- Commercial Fishing Vessels
- Launches
- Dredges
- 6 Passenger Sport-fishing Charter Boats
- Ferries
- Tour Boats
- Head Boats & "Party" Boats
- Inland & Coastal Tugs and Barges
- Builder’s Risk
- Tow Boats
- Various Vessels of Specialized Use
- Pump Out Boats
- Fire, Police, Patrol Boats
Coverages Offered include:
- Commercial Hull Coverage including:
- Physical damage to the hull caused by fire explosion and other marine perils
- Damage to machinery and othe equipments and apparatus installed on the vessel
- Collision and liability & excess collision liability available
- Additional coverage is available for strikes, riots and war risks
- Protection & Indemnity Coverage includes:
- Personal injury
- Loss of life
- Third-party property damage
- Other vessel related expenses incurred duting its operation
- Crew Coverage protects against liability for loss of life or personal injury (Jones Act)
- Defense coverage against suits by third parties
- Excess limits available
- Pollution liability available
