Marine Insurance

Marine Insurance Coverage

Marine Insurance offers protection for your vessel against physical damage from fire, theft, collisions, sinking, vandalism, windstorms, and other perils. It also extends coverage to your passengers, equipment, cargo, and any other individuals impacted in the event of an accident.

Do You Need Boat Insurance?

While boat collisions or running aground are some concerns, other dangers also exist, including:

• Boat sinking (especially when docked)
• Liability from damages caused by your boat’s wake
• Medical expenses if a guest is injured on your boat

Insurance costs vary depending on factors such as the type of boat, its usage, docking location, and your experience as an operator. Our expert team will guide you in choosing the right policy for your needs, considering:

• Boat type, age, size, and equipment
• Intended use (personal, commercial, or charter)
• Boat condition (determined by a qualified surveyor)
• Operator’s experience
• Navigational plans and cargo value (if applicable)

Marina Operators Legal Liability

Whether you offer berthing or refueling services, our Marina Operators Legal Liability Coverage provides protection for accidental loss and liability for boats in your care, custody, and control. Coverage extends to both land and waterborne exposures at the marina, ensuring your facilities are safe for boats using your services.

Marine Cargo Insurance

Marine Cargo Insurance protects your goods from loss or damage during transit by ocean, ground, air, or a combination of methods. Whether you need ongoing coverage (Open Cargo) or coverage for individual shipments, the policy protects you against risks such as theft, fire, and adverse weather conditions, particularly during hurricane season.

Commercial Marine Insurance

For businesses operating in the marine sector, Shield Insurance provides comprehensive Hull and Liability coverage for:

• Commercial fishing boats
• Excursion and charter boats
• Sports operating boats
• Passenger ferries
• Tugs and barges
• Mailboats

Tour Operators Liability Insurance

Tour Operators can face liabilities if a trip does not meet customer expectations or if accidents occur. Tour Operator Liability Insurance defends against claims related to injury, illness, or damage that may arise during arranged tours, such as charter boat excursions.

Yacht and Pleasure Craft Insurance

Whether your boat is for leisure or island navigation, our policies provide protection against accidental loss or damage. Coverage includes:

• Hull and equipment
• Sails
• Furnishings
• Dinghies and trailers
• Personal effects

Additionally, we cover damages or injuries caused by negligent operation of your boat, as well as medical payments for passengers involved in accidents. Salvage and recovery charges are also included in the event of an accident.

We're Award Winning Insurance Company

This information provides a general overview of the types of coverage available. For more specific details and policy terms, please consult with one of our authorized insurance representatives and review your insurance contract.