What Does Boat Builder Insurance Cover?

Commercial marine businesses face unique risks, a reality that certainly extends to the field of boat building. Boat builders must take into account the standard water-adjacent risks — severe weather and natural disasters, cybercrime, proximity to heavy machinery — as well as others unique to the construction industry. Carrying comprehensive boat builder insurance will ensure that your operations can proceed smoothly without overdue concern for financial loss, particularly in the event of an accident or injury.

What Makes Boat Builder Insurance Unique?

Boat builder insurance will take into account the diversity of hazards faced in the boat building industry, from the start of construction to its end, and everything in between. This may include the following:

  • Property coverage, protecting commercial property and equipment, tools, income, inventory, and anything else
  • Liability coverage, covering hazards unique to the boat building industry, such as hull coverage, commercial automobile coverage, ship repairers’ coverage, and pollution liability coverage
  • Coverage for workers, including workers’ compensation, health insurance (if applicable), and relevant legally-mandated coverage

Boat building is a distinct art, and is both time and labor-intensive. Developing a policy of comprehensive coverage will ensure the construction process is safe, and that your business can focus on filling client orders while knowing that you are well-protected in the event of an accident.

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