- Appetite
- Strong first approach for a combined marine trades placement, with the shortlist spanning property, BI, EL and marine covers.
- Check
- Check boatyard eligibility, customers’ vessels wording, lifting exposures and flood or tidal restrictions.
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Reading the risk
For: Boatyard
We couldn't tell the trade from that, so these are the broad commercial markets. Add the trade and the class of cover for a sharper list.
What underwriters will focus on
A boatyard calls for marine trades cover, including property, business interruption, employers’ liability and liabilities for customers’ vessels. Underwriters will focus on any repair work, hot work, lifting operations and the maximum vessel values afloat or ashore.
Where to start
Lloyd's Syndicate 2001 (MS Amlin) Source
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We found 81 UK markets that write boatyard risks: 20 insurers, 45 MGAs and 16 Lloyd's markets. Commonly listed: RSA, Haven Knox-Johnston.
Vessels in care, custody and control, lifting and launching, hot work, GRP repairs and fuel storage are the focus. Boat values stored ashore over winter and flood exposure on tidal sites also matter.
boat repairer, yacht yard, marine services yard
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