COMMERCIAL WATERCRAFT OWNERS POLICY
A Mono-Line Commercial Hull and P&I Insurance Product
Commercial marine insurance product written on an “All Risk” basis and designed
to package physical damage coverage for boat, motor and boat equipment with
Protection & Indemnity (liability) coverage for the operation of commercial watercraft.
This product is targeted towards individuals or companies that own or lease watercraft
to use in their business for transportation of personnel, equipment or supplies or any
other business activity.
TYPES OF RISKS:
- Environmental Firms
- Geophysical/oil patch
- Water Quality Testing
- Hydrographic Surveyors
- Bridge Inspection
- Land Surveyors
- Live Bait Fisherman
- Building Contractors
- Real Estate Tours
- Maritime Consultants
- Security Operations
OPTIONAL COVERAGES:
- Jones Act/Maritime Employer Liabilities
- Cargo Legal Liability
- Excess Liability
- Additional Insured’s
- Bareboat Charter
- Rate Reduction! - underwriters have lowered rates for 2009
- Professional Angler Liability Coverage - included
- Dockside Liability Coverage - included
- Shoreside Liability - available
- Tournament Fee Reimbursement - included
- No Storm Deductible for boats under 26’
- $2,500 in fishing equipment coverage is included
- No mileage restriction for trailering your boat
- Up to $2,000,000 limits of liability coverage is available
* Please consult one of our agents for complete explanation of coverage.