Commercial Vessels

Commercial Vessels

protected by coast

Coast Insurance is a specialist vessel insurer offering comprehensive cover and various liability options for a range of commercial vessels.  

Key Features

  • Recovery or removal of wreck up to $1,000,000
  • Transit cover providing the vessel is being towed on its own trailer
  • We will pay the reasonable cost of taking action to minimise loss/removal to safety if your vessel gets into difficulties
  • If agreed in writing, we will cover fishing and diving equipment

Our comprehensive cover options:

DAMAGE TO VESSEL

Includes the hull, machinery, equipment and accessories, sails, masts, spars, rigging, trailer and tender.

Coverage for:

  • Accidental damage
  • Theft
  • Sinking
  • Storm damage
  • Malicious damage
  • Fire
  • Repairer negligence

THIRD PARTY LEGAL LIABILITY

Includes you and other skippers of the vessel.

Coverage for:

  • Legal liability for accidental damage to other people’s property
  • Legal liability for accidental death or bodily injury to a person other than you or your crew
  • Berth holders liability

PASSENGER LIABILITY

Includes death or bodily injury to you arising directly from using your craft.

Coverage for:

Accidental death or bodily injury or illness to a passenger while:

    • Being carried by the commercial vessel or,
    • Entering or leaving the commercial vessel including on a jetty, pontoon or wharf operated or maintained by you
    • Death, bodily injury or illness caused by food or drink prepared and serviced by you.
    • Accidental damage to the personal effects of a passenger.

POLLUTION LIABILITY

Includes cover for your commercial vessel against pollution liability

Coverage for:

Physical damage caused by accidental spillage or leakage of oil, petrol, sewerage from your vessel.

Types of vessels we insure

  • Charter vessels
  • Fleets of small craft for hire (power, sail or paddle craft)
  • Small work boats
  • Vessel fleets owned by yacht or rowing clubs available for use by members
  • Vessels owned by yacht or rowing clubs used for rescue or by race organisers
  • Demonstration craft and stock of water craft owned or held by marine dealerships

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Commercial Vessel