Call Us Today For A Free Quote | 800.342.4444
Voyager Insurance Services Serving You For 58 Years
 

Commercial boat

When your boat is your business, you will likely have to carry some form of business insurance for the boat. How you insure the boat and its contents brings up a lot of different questions.

Commercial boating likely involves two other parties besides the owner: money and clients. As the business owner, you have to protect your financial obligation to a client. You want to complete a service to a client without a problem.

Nevertheless, marine businesses are sometimes unpredictable. Weather, water conditions and other factors could impact your ability to turn a profit. You might have to turn to your business insurance to compensate a client.

Getting the Proper Commercial Boat Coverage

To protect your finances, you often need more than a standard boat insurance policy. Standard policies often carry hull loss and certain liability coverages. However, as a business, you might need to carry:

  • Contents coverage: This coverage can protect many of the business contents onboard. It will usually pay you up to a certain limit amount defined in the policy. Contents coverage can often protect different utensils depending on the coverage you carry. If you have a fishing business, this coverage may protect your nets and rods. If you carry passengers, this coverage may protect concession items.
  • Liability coverage: If you carry passengers for profit, having them aboard raises risks. You have an obligation to transport passengers safely to their destinations. Paying passengers pose a financial obligation. You want everyone to get off your craft in one piece. Liability coverage can help you protect your assets in case a passenger gets sick or hurt on your craft. This coverage can help you compensate those parties for any damages they may claim.
  • Business interruption coverage: Consider this coverage if you have to shut down your boating business due to an unforeseen accident. Should a fire gut your boat, you won’t be able to operate while you make repairs. This coverage can help you pay the bills and your employees while you rebuild.
  • Marine Cargo insurance: Commercial boats often carry cargo. Whether you ship goods over long or short distances by water, there is always a chance you could lose the cargo. Cargo insurance often covers a variety of named perils like fire, weather and theft. However, you need to ensure that you have appropriate coverage for specific contents.

Make sure that you clearly define for your insurance agent how you use your commercial boat. This will help your agent get you the appropriate protection.

We can help you get the appropriate amount of commercial boat insurance. We can even issue a fast, free quote right now. Call us at 972.712.8000 for more information.

Share |


No Comments


Post a Comment
Name
Required
E-Mail
Required (Not Displayed)
Comment
Required


All comments are moderated and stripped of HTML.
Submission Validation
Required
CAPTCHA
Change the CAPTCHA codeSpeak the CAPTCHA code
 
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive


View Mobile Version
Instant Quote
Referrals
We love referrals! And thank you even more for your continued business.
Customer Service
Self policy service any time of the day, directly from our website.
Join Our Newsletter
Stay in touch with the latest events, news and offers we have.
From Our Blog From Our Customers


Read More Read More
Facebook Twitter LinkedIn Google+
Stay In Touch With Us Helpful Site Links Contact Us
Sign up now to receive news and updates 7011 Main Street
Frisco, TX 75034

Ph: 972.712.8000
Ph: 800.342.4444
Fx: 972.712.4400

service@voyagerinsurance.net
We have the expertise to find you the right coverage at the right price 
Powered by Insurance Website Builder