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Commercial Marine

We offer the following types of cover to the commercial marine industry. The information on this page is a summary only.

When considering this product, you should carefully read the relevant Product Disclosure Statements and policy wordings to ensure that it meets your needs, as limits and exclusions do apply

Please contact your insurance broker for further information or to arrange a quotation.

Commercial Charter Vessel

In certain circumstances, we will extend your policy to allow your boat to be involved in commercial activities. You will either be insured under our pleasure craft insurance policy with the appropriate endorsements, or under our unique commercial pleasure craft insurance policy.

Transit Risk

This is a cover provided for one-off type transit risks, for boats that are not designed to be normally transported on land eg. Large power boats and fixed keel yachts generally longer than 9.0metres. The policy is available for the requested duration of the transit.

Builders Risk

This cover is generally provided to owner/builders, or to professional builders who have been commissioned to build a one-off boat.

Demonstration Cover

This is a cover generally provided to retail marine dealers as a gap cover to protect their own boats and those they have on consignment whilst they are being demonstrated on water for the purposes of sale. The Nautilus Marine demonstration cover also allows for the personal use by the dealer principal or any nominated staff of the dealership of any boat owned by the dealership, and also the pick up and drop off of a boat after service or repair.

Stock Afloat

This is a cover generally provided to boat brokers operating out of a marina as a gap cover to protect their own boats and those they have on consignment for the purpose of sale, but only if those boats are not otherwise insured, and only while they are laid up afloat at the insureds marina, or the usual marina of the business’s operation.

Ship & Boat Repairers Liability Cover

This is a cover generally provided to marine repairers who service the pleasure craft industry. Examples of occupations include shipwrights, marine mechanics, electricians, riggers and detailers. Our wording provides land based and over water based protection including cover for vessels of any length in the care, custody or control of the repairer.

Marina Operators Liability Cover

This is a cover specifically designed for the needs of marina owners and operators, boat clubs and other businesses where boats are left in their care. Like our ship repairers cover the policy protects against liabilities incurred arising from business operations, on land and on water. The activities protected are those declared via the application form and typically include mooring/berthing, fuelling, repairs and boat broking activities.

Boat Brokers Liability Cover

This is a cover generally provided to boat brokers for liabilities incurred in the business of selling watercraft on behalf of boat owners. Protection includes liability arising from the demonstration of non-owned watercraft for the purpose of sale.