While it’s important to keep your watercraft clean and ready for sail, it’s important to make sure your business is protected with the right kind of insurance. When you own a shipyard or boatyard, you need comprehensive insurance coverages that address the risks that are typical of the way you do business. A responsible business or property owner knows that clients and business partners trust them to run a tight ship, and that includes having adequate insurance protection against damages and losses.
Understanding Shipyard and Boat Repairer Coverage
You know that when it comes to insurance protection, the risk you assume is not going to be the same as that of other types of businesses. A land-based owner may not have to think about boat cleaning liability, but your operations involves several tasks that come with unique risks:
- Ship repair and upkeep
- Canvas, sail and rigging operations
- Carpentry and construction
- Electronics and electrical operations
- Engine tune-ups and repairs
- Hull cleaning
- Repair, patching and painting
- Prepping for storage during the winter
Finding the Right Coverage
While there are many insurance companies out there, it’s important to choose a provider that understands the special requirements of maritime operations, especially as it relates to managing and maintaining watercraft. A comprehensive insurance solution is out there. The right provider will help you come up with coverages that truly work for you.