Dealer and Broker Insurance Coverage
Boat dealers have numerous liability exposures from which they must protect themselves. Your liability to the public is likely the area that is of greatest concern. Customers can be injured while on your premises, your docks or while going on demo rides.
In addition, your exposure continues for many years after your customers take their boat home. If they or someone else are injured by your product or the work of you service department, you could be held liable for the injuries.
A dealer may also have auto liability exposures, employment liability exposures, and pollution exposures.
A dealer also needs boat broker insurance to protect both the property they own and the property of others against loss.
In many cases your own inventory is your biggest asset and must be protected from a loss. Because inventory values can fluctuate greatly, they can be covered on a monthly reporting form, which means you will only pay premium for the exact value of your inventory.
You may also need to cover buildings you own, contents, docks, vehicles, owned vessels and various equipment.
While the exposures are numerous, many insurance companies offer boat dealers package policies which will tie all the necessary coverage’s together in a single, cost effective policy.
Anchor Marine has years of experience in helping our customers find the right insurance company and helping them tailor these specialized packages, which may include the following coverage’s:
- Commercial General Liability
- Dealers Inventory
- Bailee Coverage
- Commercial Property
- Commercial Auto
- Piers, Wharves, and Docks
- Marina Operators Legal Liability
- Longshore and Harbor Workers
- Owned vessel coverage
- Protection & Indemnity
- Profession Liability
- Bumbershoot Coverage
Call us or e-mail us for a quote today for boat dealer insurance!