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Frequently Asked Questions
High Net Worth
Farm and Ranch
Lines of Business
Commercial Property/Package (BOP)
Commercial General Liability
Umbrella / Excess Liability
Cyber Security (First & Third Party Coverage)
Employment Practice Liability (EPLI)
Directors & Officers Liability (D&O)
Errors & Omissions (E&O)
Bonds Surety & Fidelity
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Commercial Charter Vessels Insurance Program
We write the following types of commercial charter vessels:
Captain Charter risks
Bareboat Charter risks
Risks where vessels are used for the entertainment of business clients.
Boat Club risks
Dive Boat Charter risks (excluding liability to divers while in the water)
Demise Charter risks
Water Taxi risks (subject to review of full details)
Boatel risks (subject to review of full details)
We do not write the following:
Risks where vessels are used as ‘workboats’ or for the transportation of employees to/from their place of work.
Risks where vessels are used for commercial fishing.
Risks where vessels are used to transport goods and materials (cargo risks).
Risks where the primary function is not of a recreational or leisure type activity.
Risks where the vessel is undertaking scientific research (other than voluntary).
Fleet Accounts: we specialize in charter activities. The fleet must be at least five vessels and would be written under one policy with common expiration date.
Flexible Passenger Coverage: we offer coverage for passengers of any reasonable number (subject to review of full details)./li>
Crew Coverage: we offer coverage to paid crew of the insured; crew coverage is offered on a full-time basis./li>
Coverage is available for Loss of Yacht Charter Hire, subject to the appropriate endorsement and an additional premium./li>
Replacement Tender Coverage: the cost of hiring a replacement tender is available should a tender be lost and detailed within the Policy Schedule./li>
Limited Chartering: we offer a reduced rate where a charter vessel does not undertake more than twelve one-week charters (max 90 days) during the policy period.
Limits of Coverage
We offer a wide range of different types of coverage and limits of coverage
Third Party Liability: limits of coverage available range from $100,000 to $10,000,000; limits in excess of $1,000,000 may be subject to approval.
Hull Coverage: limits of coverage available up to $3,000,000.
Personal Effects: limits of coverage available up to $25,000 (subject to review).
Medical Payments: limits of coverage available up to $50,000.
Coverage for vessel tenders and trailers is available, where the tender or trailer is used in conjunction with and stored onboard the vessel covered. High-valued tenders must be written on an individual policy. Jet Ski’s cannot be covered as tenders under commercial risks.
Uninsured Boater: limits of coverage are equal to the hull value of the vessel or $100,000, whichever is greatest amount - included as standard with no charge.
Non-Emergency Towing: limits of coverage are available up to $2,500.
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