Boat Insurance for small business

Secure your boat and crew with our extensive coverage

Being a captain along with the adventure of your own boat or watercraft, there is also the responsibility to protect your boat and crew from harm. InsureYourCompany will have you smooth sailing with expert knowledge and the power of choice. Leave your worries at the dock as we help navigate the insurance world to keep you on the water sailing.

Every boat owner should have insurance, whether it is mandatory or not. The more effort and time you invest in your vessel, the more it is worth to you will increase. Your boat is a valuable asset, therefore it is important to ensure proper protection for it. As a seasoned personal lines insurance agent, we seek insurance carriers with top boat insurance coverage options, pricing, and reliability. Each boat is unique, and with the choices we offer, you can select the specific protections required and exclude those that are not necessary. Experience the thrill of selecting your desired items at a cost that allows you to continue enjoying your exciting ocean escapades.

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Make sure you are covered bow to stern

InsureYourComapny will help you find insurance for:
Pontoon, Sail Boat, High Performance, Ski Boat, Sports Fisher, Houseboat, Bass/Walleye, Trawler, Cruiser, Mid-Performance, Runabout, Hovercraft Jet Ski/Wave Runner* (Boats up to 64 feet in length, 70 mph, $1million in value)

Boat insurance coverage basics

Liability Insurance and Physical Damage

When operating any boat or watercraft there is the possibility for bodily injury or property damage to occur. Liability insurance will provide a dollar amount in legal coverage, liability arising from loss of life or damage to someone else’s property as a result in ownership or operation of your boat.

Physical Damage will provide a dollar amount to repair or replace the hull, engines, sails, personal property and other equipment on board that is required to operate the boat if it is damaged by a peril covered in the policy. Make sure to find insurance that includes protection for your boat when it is being stored on land or transported on a trailer over land. Those are the basic two components that make up your policy. Other coverage parts include:

Loss Settlement- Agreed Value vs. Actual Cash Value

Agreed value policies will pay the amount shown on the policy if the boat is considered a total loss. Damage resulting in a partial loss is paid for on a replacement cost less your deductible. This does not factor in depreciation.

Actual cash value policy provides coverage up to the current market value of the vessel in the event of a total loss, taking into account depreciation and potentially other factors.

Personal Property and Emergency Towing Assistance

Two coverages that all boat owners will consider essential. Personal property can include clothing, personal effects, and sports and fishing equipment while those items are being loaded/unloaded and while aboard your boat. Emergency towing and assistance will reimburse you for the cost you incur when you need emergency assistance for your boats such as towing to place for repair, delivery of fuel oil or parts or emergency labor.

Medical Payments Coverage

Medical payments coverage includes First aid treatment, ambulance hospital and other costs that result from someone being injured on your boat. Be sure that this section has adequate limits of insurance.

Uninsured/Underinsured Boater Coverage

Like in Auto insurance this provides compensation for injuries or property damage from another boat that does not have insurance. For boaters, this section is extra important as not all states require boat insurance. Therefore it is more likely for someone not to have a proper insurance policy for their watercraft.

As insurance agents, we have a full cabin of insurance carriers to choose from. We have searched and partnered with carriers that have over a hundred years of experience protecting the marine community. We are dedicated to keeping you dream protected whatever it may be.