From inventory and storage liabilities to coverage for damage sustained during maintenance or delivery, marine dealerships face diverse challenges when it comes to liability exposures. While many yacht insurance companies promise all-inclusive plans, it pays to shop around for just the right combination of products to suit your dealership needs.
In the end, every operation will have unique coverage requirements. Luckily, there are numerous specialized insurance products available in today’s market. Yacht insurance companies with broad industry knowledge should be able to offer a plan that is tailor-made for your business. Examples of property and general liability options include:
- Yacht Dealer
- Real and Personal Property
- Boat Shows and Exhibitions
- Equipment, Lifts, and Tools
- Business Income
- Owned Watercraft
- Piers, Docks, and Wharves
- Products Completed Operations Liability
- Protection and Indemnity
- Marina Operators Legal Liability
- Ship Repairers Legal Liability
- Commercial Automobile
- Bumbershoot and Umbrella Coverage
Additionally, many insurers can help clients to reduce accidents and injuries and provide advice regarding workers compensation claims.
Choosing the Right Insurer
Whether you need coverage for one or two modest dealerships or you are looking to insure an expansive fleet, make sure to do your research before choosing from available yacht insurance companies. A competitive, custom plan can help you to minimize liability risks without bloating costs.