Boat and Yacht Insurance

Commercial Vessel Insurance

Covers operating risks of vessels used for passengers, tours, fishing or commercial services.

What does this insurance focus on?

Covers operating risks of vessels used for passengers, tours, fishing or commercial services. Terms, limits, deductibles and exclusions vary by insurer; the quotation should therefore be assessed as a whole.

✓Core insured risks and policy limits
✓Optional extensions tailored to the risk
✓Deductible, exclusions and service comparison
✓Broker support during quotation and claims

Who is it suitable for?

  • Individuals or businesses seeking this specific protection
  • Clients who want to compare insurer terms

What should be compared?

Compare insured values, benefit limits, deductibles, exclusions, service network, assistance benefits, claims process and renewal terms together. Temin Insurance presents the meaningful differences between insurer offers.

Pre-purchase checklist

Review these points when assessing a quotation

  • Keep the market value, survey and equipment list current.
  • Declare private, commercial or charter use correctly.
  • Check navigation limits and periods laid up ashore.
  • Review storm, mooring and skipper qualification clauses.
  • Compare liability, salvage and wreck removal limits.

Information for your quotation

Information that describes your risk accurately

Vessel registrationBuild year and hull typeEngine detailsCurrent value or surveyEquipment listMooring locationNavigation areaUse of vessel

This is a general preparation list. The insurer may request additional information or documents depending on the risk.

Frequently asked questions

What to know about Commercial Vessel Insurance

Age, model, equipment and market conditions are assessed; a survey may be required.

Yes. Commercial or charter use requires different underwriting from private use.

Cover during lay-up, maintenance and transport varies and should be checked explicitly.

Boat and Yacht Insurance

Related insurance solutions

→Boat Insurance →Yacht Insurance →Charter Yacht Insurance →Marina Operators Liability Insurance