Who needs marine hull and liability insurance?

Private and commercial vessel owners and operators, and associated businesses may require hull and liability insurance, including: 

• Shipping owners and operators
• Fleet owners
• Ferry operators
• Charter and tourist boat operators
• People or businesses with loans on vessels
• Tug and work boat handlers

What marine hull and liability insurance covers

Marine hull insurance covers accidental loss or damage to boats used for commercial purposes; it includes salvage costs, and third party liability cover.

• Vessels insurance covers accidental loss or damage to the vessel anywhere in the agreed navigational limits set by the policy. Valuation and a survey of the vessel is usually required for this insurance and set at an agreed value.

• Liability insurance can be included as an extension to the hull insurance or as a stand-alone cover. The limits selected for liability will vary based on vessel type, use and territorial limits. 

• Ship repairers liability can cover the legal liability ship repairers face for loss and damage occurring while a vessel or craft is in their care, custody or control.  It also applies when a vessel is being moved within the limits of the port where work is being done and while in transit to or from a specialist repairer or manufacturers’ premises.    

• Ship builders risk protects vessels under construction or conversion; cover is provided against risks of physical loss or physical damage. It also allows for launching, sea trials and liabilities arising out of the build.

Help with marine insurance

Our marine specialists have experience with marine broking and underwriting. We maintain strong relationships with the Marina Operators Association (MOA) and help many of New Zealand's privately-owned marinas to get their insurance sorted. 

As one of New Zealand’s largest insurance brokers, our size helps us to negotiate competitive premiums, benefits and conditions for clients. We can also leverage our international connections when needed.