A boat or yacht builder faces numerous exposures within the marine industry which may require multiple lines of yacht insurance to properly cover.
The first is Builder’s Risk Insurance, which covers a vessel from the start of construction through the final delivery to the customer.
The boat builder insurance coverage options also includes launching and sea trials area as well as Collision Liability and P&I.
In addition to builder’s risk, a builder will need General Liability, Products Liability and may need the following coverages: Property, Commercial Auto, Inland Marine, Pollution, and Employer’s Liability coverage.
The various aspect of insuring a builder are too numerous to discuss on this page, however; Anchor Marine helps builders assess the full range of their needs and assist in placing its coverage with one of several companies that focus on insuring builders.
Call or e-mail us for a quote on yacht builder insurance today!
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IMPORTANT NOTE: This summary provides only a simplified description of insurance coverages in general and is not a statement of contract. For complete details of coverages, conditions, limits and losses not covered, be sure to read the actual policies, including all endorsements.