Maritime Insurance

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About Maritime Boat/Yacht Insurance


Don’t set out to sea without the right coverage. Maritime insurance, often known as marine insurance, is vital for individuals and businesses involved in the maritime industry, be it shipping, fishing, or other water-based operations.

Here are maritime insurance coverage examples:

Physical Damage

This coverage ensures repairs for collision with submerged objects, other vessels and other perils are paid for. You are covered for the following:

  • Wind
  • Hail
  • Rain
  • Lightning
  • Wave action
  • Theft
  • Vandalism

This coverage protects you from 3rd-party claims or lawsuits against the boat owner. You are covered for the following:

  • Clothes
  • Stereo system
  • Cameras
Charterer’s Charterers Legal Liability Coverage

If you’re chartering a vessel, maritime insurance can cover potential liabilities, ensuring both parties in the charter agreement are safeguarded against unforeseen events.

Protection in International Waters

Maritime operations often span across international waters and jurisdictions. Maritime insurance provides a consistent layer of protection regardless of where incidents occur.

Environmental Protection

Maritime mishaps can lead to oil spills or other forms of pollution. Insurance can provide coverage for cleanup efforts, ensuring businesses can take responsibility for their environmental impact.

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