Marine Trade Insurance FAQs

At Alan & Thomas, we have a dedicated team to making sure your marine trade insurance has you covered whatever the circumstances. From boat-building to sailing schools, we have expert boat insurance brokers to tailor insurance policies for you. If you want to do some research before jumping into a policy, please read through our FAQs.

What kind of boat insurance do I need?

The kind of boat insurance you need depends on how you are going to use your boat. If you are in the marine trade, then you will need to insure it in the same way as you would your car, plus business insurance such as employer’s liability.

If you are keeping your boat in a marina, it is a legal requirement for you to have boat insurance. This is in case there is any damage caused to yours, or someone else’s boat. Although, it is important to remember that most policies won’t protect you against normal wear and tear or corrosion.

How does boat insurance work?

Boat insurance will work in the same way as any other commercial insurance policy, provided you have proper cover. If there is damage to your boat or injuries caused by an accident, you can make a claim and your insurer can help with the damages.

Insurance for your boat is just one part of an overall marine trade insurance policy. So, it’s important to make sure that you have a comprehensive cover. This is particularly true if you employ people in your business or have expensive tools that need cover.

How to get boat insurance?

The easiest way to get boat insurance is get in touch with an expert boat insurance broker, such as Alan & Thomas.

As well as being conveniently located in Poole bay, which has one of the largest natural harbours in the world, we have a team that have worked on marine trade insurance for many years. We are always happy to discuss your boat insurance needs. And if required, we also offer risk management and business continuity planning free of charge.

What is the importance of marine trade insurance?

Marine insurance is crucial to securing your business against damage to vessels and loss of cargo. Trade volume has been increasing and therefore so have the risks.

As trusted boat insurance brokers, we are fully equipped to keep your business safe should the worst happen. We have a team of in-house claims experts that can deal with any claim on your marine trade insurance and help you to reach a quick and fair settlement.

Where can I get boat insurance?

There are a number of general insurers who can help you with your boat insurance policy. However, using a chartered boat insurance broker means you are more likely to get a good price and bespoke cover.

Whether you require yacht brokers insurance or boat builders’ insurance, you will need a comprehensive policy. This will include business property and public liability insurance, both of which we can help you with.

What insurance do you need for using a marina?

To use a marina, you will likely need proof of liability. This can come in the form of public liability insurance or for businesses, employer liability.

Making sure your boat is moored safely will be important for any marine business as your boat is one of your biggest assets. Keeping it in a marina is a good option but does require proof of insurance and other details. To discuss this, and what other insurance you may need, feel free to contact us and you will be put through to our marine trade insurance team. You can also get a quote on our website.

Which insurers cover you for sailing?

To find out which is the best insurer for sailing, you can contact our specialists at Alan & Thomas. We will discuss your insurance needs and make sure that your policy covers you for all circumstances.

As leading boat insurance brokers, we have expert knowledge on finding the best solution for you. If you need insurance for a sailing club or school, you will need to make sure you have public liability insurance as well as protection for your boat itself.

What does sailing boat insurance cover?

Sailing boat insurance covers you if you boat is damaged or stolen. It can also protect you if your boat causes damage to another boat, property or even causes injury to someone.

Third-party liability is an important addition to your marine trade insurance policy. This is because it protects you in event that someone else is hurt or if you experience financial losses.

How to insure a yacht?

You can insure your yacht by getting a specialist policy that covers you in the event of an accident or damage. By contacting a boat insurance broker, you are more likely to get a complete cover at an exclusive price.

Yacht watercraft insurance can cover third-party liability but also personal accident cover and legal expenses. If you sell yachts, you may require bespoke yacht brokers insurance, which will also need to include financial losses.

If you are looking for a bespoke marine trade insurance quote, get in touch with our specialist advisors. From boat builders’ insurance to public liability insurance and more, contact us today. Call 01202 754900 or end us an email at info@alan-thomas.co.uk.