Protect Your Marine Trades Business Today

Marine Trade Insurance is essential for protecting your business if you work in the marine trade industry, particularly in repairing and maintaining pleasure craft boats. This specialised insurance provides coverage tailored to the unique risks faced by small tradespeople and professionals working on pleasure crafts/ Runabouts/ Cruisers/ Yachts/Catamarans/ House Boats and Commercial fishing/charter/work boats

Whether you’re a marine mechanic, electrician, boat builder, or Marine Antifoul Specialists, having the right insurance in place allows you to focus on your craft without worrying about the financial and legal implications of potential accidents or damage.

Secure peace of mind—explore your insurance options now.

What is Marine Trade Insurance?

Marine Trade Insurance is specifically tailored for professionals engaged in the repair, maintenance, and servicing of private & Commercial boats pleasure crafts. This insurance provides coverage for a variety of risks unique to your industry, including accidental damage to the boats you work on, third-party liability, and protection against claims of faulty workmanship. A key component of this coverage is Marine Liability Insurance.

What is Marine Liability Insurance?

Marine Liability Insurance covers legal liabilities arising from accidents, injuries, or damages during maritime operations. It protects against claims for bodily injury, property damage, pollution, and even legal defence costs.

Who Needs Marine Liability Insurance?

This type of insurance is crucial for a variety of professionals, including but not limited to:

Marine Mechanics: Covering risks associated with engine repairs and maintenance.
Shipwrights: Ensuring protection against structural repairs and modifications.
Marine Electricians: Safeguarding against electrical repairs and installations.
Boat Painters and Detailers: Protect your work on boat exteriors and interiors.
Fibreglass Technicians: Coverage for structural repairs and refinishing.
Marine Antifoul specialists: protection against legal liabilities and potential damages during the application process.

What Does Marine Trade Insurance Cover?

Public Liability: Protection against claims for third-party injuries or property damage that occurred during the course of their work.

Products Liability: Protection against claims related to products supplied or installed by the Trade that caused injury or damage.

Pollution Liability: Coverage for claims arising from accidental pollution or contamination caused during the repair or maintenance work, such as fuel spills or hazardous material leaks.

Professional advice: Breach of Professional Duty arising out of advice

Property in Your care, custody or control: Covers damage to boats, engines, or other property that the mechanic is working on or responsible for.

Faulty workmanship: Provides coverage for the costs to rectify any defective work or errors made during repairs or maintenance. (Cover can vary with underwriters ie. resultant damage only.

Defence Costs: Covers legal expenses incurred in defending against claims

Statutory Liability: Protection against fines or penalties imposed for unintentional breaches of certain laws or regulations.

Hot work extension: Covers risks associated with “hot works,” such as welding or cutting, which can increase the risk of fire or other accidents.

Temporary Hire of Equipment: Provides coverage for the cost of hiring temporary equipment if the mechanic’s own equipment is damaged or stolen.

Key Marine Trades Covered

Marine Liability Insurance is essential for tradespeople who work in highly specialised and often hazardous environments. The following trades and professionals benefit from this specialised insurance:

Antifouling
Marine Electrics
Marine Fabrication
Marine Detailing
Boat Repairs
Shipwrights
Boat Painting
Boat Plumbing
Boat Mechanics
Boat Builders
Boat Chandlery
Commercial Diving
Boat & Jetski Licensing
Boat Wrapping
Electricians
Dive Contractors
Shark Contractors
Ship Repairers
Marine Engineers
Marine Surveyors
Yacht Clubs

Why Marine Liability Insurance is Essential

The marine industry comes with unique risks, from wild weather to job site hazards. Don’t let these risks sink your business—Marine Liability Insurance can keep you afloat.

Common Risks and Liabilities in the Marine Industry:

Job Site Hazards: Wet surfaces, missing grates, or boating traffic can increase the risk of slips, trips, or falls.
Wild Weather: Thunderstorms, strong winds, and floods can cause property damage or injury.
Explosions and Fires: Risks from hot work operations, such as welding or improperly installed electrical systems.
Vessel Sinking: Potential due to collisions, unpredictable weather, or shifting cargo.
Unverified Employees: Unqualified workers increase the risk of accidents and third-party claims.
Inadequate Contractual Risk Transfer (CRT): Vague contracts can lead to misunderstandings and increased liability.

Take the first step towards securing your business—Talk to our experts today.

Benefits of Marine Liability Insurance

Why is Marine Liability Insurance worth the investment?

Legal compliance

Depending on where you live and your profession of choice, marine liability may be a legal requirement for the nature of your business.

With Marine Liability Insurance, you’ll meet compliance and regulatory standards and avoid potential fines or legal consequences.

Financial protection

When needing cover for your boat, you may be up against financial losses and legal liabilities due to injuries, accidents, property damages, or environmental factors during marine operations. Marine insurance can cover settlements and legal expenses.

Risk mitigation

With marine insurance, you don’t need to stress about managing risk during marine operations, because insurance gives you peace of mind with reliable coverage in place if unforeseen circumstances occur.

Comprehensive cover options

Experience coverage for property damage, pollution liability, personal injury, and expensive legal defence costs. Marine insurance is an excellent safety net.

Unique solutions for your business

Boat insurance cover can be tailored to your needs, from simple policies to complex ones, such as commercial cargo transportation.

Your insurance coverage will be your lifeline against risky operations, vessels, and a personalised level of protection.

Credibility

With marine legal liability cover, you showcase professionalism and a commitment to keeping your clients, employees, and third parties protected.

Why Choose Knightsbridge Insurance Brokers?

Selecting the right insurance policy can feel overwhelming, but it’s crucial for protecting you, and your business and ensuring peace of mind. While you can start by evaluating your specific needs and comparing policies from different providers, this process can be time-consuming and complex. Instead of handling it all on your own, consider working with an experienced insurance broker.

We can do the heavy lifting for you, finding the right policy that offers comprehensive protection, without you having to worry about coverage limits, exclusions, or premiums. By allowing one of our experts to navigate the options, you can avoid the headache and ensure you get the best possible coverage for your situation.

Insurance brokers at Knightsbridge Insurance Group can evaluate the provider’s customer service, and claim process, and provide guidance on obtaining quotes and understanding policy terms.

Founded on generational values that make you feel secure, protected, and cared for, we have an understanding of your desire to be extraordinary–both in business and in life. Knightsbridge is a proactive partner making sure you’ve got the right pieces in place, preventing further damage and loss to your marine business.

Get in touch today and we’ll help you make a claim and make the right move!

Marine Trades: Essential Insurance Solutions for Comprehensive Protection