Commercial Vessel Insurance
Commercial vessel insurance is designed with shippers, tour boats, and commercial fishermen in mind. It provides coverage for:
- Inshore and offshore commercial fishing boats
- Sightseeing and tour boats
- Charter boats
- Boating, waterskiing, and wakeboard schools
- Barges, tankers, tugboats, and ferries
- Cruise ships
What Commercial Boat Insurance Covers
What would you do if someone were accidentally injured or became ill while on one of your boats? Do you have the funds to pay for these types of expenses? For most boating businesses, the answer is no. They cannot pay for these types of incidents from their business funds. To financially protect you against liability and injury claims as well as damage to your boat, you should have a good commercial insurance policy that provides marine liability insurance, hull insurance, cargo insouciance, pollution insurance, and uninsured boater’s insurance.
Marine liability insurance is similar to the liability insurance you might have for an automobile. It protects you against legal liability and helps pay for certain covered expenses, like if a crew member or passenger is injured or has their property damaged while aboard one of your commercial boats. It also covers injury, illness, and death.