Have you found yacht builders insurance programs that can actually cover all of your needs? Do you know all of your risks? Before you can select the right program, you need to know a little more about whats available.
Common Insurance Risks
As a yacht builder, you have a number of liabilities including:
- Workplace accidents
- Business equipment
- Dock or pier placements
That’s just the tip of the iceberg. Many insurance programs will cover the basics of workers compensation or ship repairs, but can they give you full coverage for your risks?
What to Look for With Add-ons and Policies?
Once you’ve familiarized yourself with your possible liabilities, you’ll need to find yacht builders insurance programs with the appropriate add-ons and base coverage. To start, you’ll want to get workers compensation and general liability coverage. A workers compensation claim can wipe out a business and general coverage will take care of those little instances you cant predict.
When you’re looking for the right yacht builders insurance program, you’ll need to think carefully about what you need versus what a company has to offer. Don’t get add-ons you don’t need, but do make sure all your risks are covered. If you have any questions, find an agent who can give you professional guidance.