We can insure all sizes of vessels, from small boats to super yachts, and we attend Boat shows, two of which being the Cannes “Festival de la Plaisance” and the Monaco Yacht Show, both being in September.

Questions

Most policies are written on an individual basis to be as taylor made as possible, but will include a number of common features. These include:

• Risk evaluation, with the aim of minimising the risk of accidents or losses. Onboard procedures are reviewed with regard to safety standards and compliance with international legislation (only applicable on larger vessels and usually done by surveyor).
• Insurance of hull, machinery, superstructure and fittings against physical loss or damage caused by accidental means (including malicious acts, jettison and piracy). A ship’s engine may often be separately insured. The value of the yacht is decided by both parties at inception.
• Cover can extend to tenders, jetskis, fun boats and other similar equipment.
• The boat may be insured in transit if conveyed on an approved vessel.
• Reasonable costs over and above the hull value can be met for salvage, wreck removal, inspecting the bottom after grounding, sue and labour.
• Third party liability, including watersports liabilities. This covers legal liabilities arising from the normal use of the yacht, pollution and the policyholder and other persons taking part in various sporting activities from the yacht.
• War insurance. Cover is provided in the event of loss or damage to your yacht caused by war, strike, confiscation or other associated events.
• Contents insurance is often a significant part of the overall value and extends to fine art, jewellery, antiques and other high value items. This cover is usually tailored to suit individual circumstances.
• Personal possessions. This can include cash and the fraudulent use of credit cards stolen from onboard the yacht.
• Employers liability insurance. Limits comply with statutory requirements.
• ‘Loss of charter hire’ insurance (i.e. if you are unable to charter your yacht due to an insurable event, unearned fees can be claimed).
• Personal accident and sickness cover for the skipper and crew. This may include a lump sum payment for death, disablement or permanent disability sustained due to bodily injury. Temporary total disablement and sickness can also be covered.
• Crew welfare package which may include medical and health cover, hijack and kidnap daily benefit, travel assistance and legal expenses. This can be part of the employers policy or individual personal policies can be provided for the captain and crew.
• Guest medical expenses.