Boat Dealer and Marina Insurance insures the liability exposures associated with the operation of a marina including those related to the care custody, and control of watercraft. The coverage may include both land and waterborne exposures located at the marina. A marina operator is responsible for affording vessels that make use of its facilities with a safe berth. To that end, the marina operator must advise a vessel operator of any hazards or deficiencies associated with the marina or the berth that the vessel is to moor in. When the marina operator fails to do this, the operator becomes liable to the vessel operator for damage that results from the unsafe berth. Polices normally provide coverage for private pleasure vessels but may be endorsed to cover commercial vessels should one dock at the marina.
Accessible Marine Insurance can offer you the following coverage:
- Marine General Liability
- Marina operators liability (including commercial ship repair liability)
- Protection and Indemnity (for all owned and non-owned watercraft exposures)
- Yacht broker’s liability
- Umbrella “Bumbershoot” Liability
- Boat dealership inventory
- Owned watercraft hull coverage (for workboats and rental watercraft)
- Property and business personal property
- Piers, wharves, and docks
- Business interruption and extra expense
- Marina equipment (travel lifts, forklifts, etc,) and tools
- Electronic data processing
- Business signs
Accessible Marine Insurance covers a host of operations including, but not limited to:
- Boat dealerships
- Boat repair yards and repair operations (including any commercial vessel repair)
- Marina slip rental and mooring
- Fueling operations
- Boat storage
- Yacht brokerage
- Ship’s store/snack bar
- Boat rental (subject to underwriter guidelines and restrictions)
- Yacht clubs
- Sailing schools
TIPS for Marinas
Boat Dealer and Marina Insurance is important, so call us to answer any questions you might have. One of the major causes of damage during a storm is drifting vessels. Plan to thin out the concentration of vessels in your marina and prioritize a list of haul-outs with a time line for accomplishing it. Be sure to give owners adequate notice.
- Define responsibilities of employees and boat owners both before and after the storm, and make sure that everyone understands them. Provide training and hold drills to ensure everyone reacts in accordance with the plan.
- Decide which employees will be available to help before, during, and after the storm based on proximity to the site and personal needs.
- Keep copies of all financial and insurance records (including those of your customers) at a safe inland location. Back up your computer and store these records off site.
- Maintain a list of contact phone numbers for your customers: Emergency Management Services, Police, and Coast Guard.
Call Accessible Marine Insurance Insurance today and allow us to help tailor a maritime insurance program that is right for you.