Learn about Boat Builders Insurance

Coverage for loss or damage to vessels during the course of construction.
Boat Builders

Our builder's risk coverages can help cover accidental loss or damage to ships under construction. Today’s maritime industry faces its own unique challenges. Shipbuilders need the right risk-management solutions to help protect vessels wherever they are.

The super-specialized world of shipbuilding requires expert protection. Our builder’s risk solutions help safeguard shipyards, workboats, research or passenger vessels, tugs, coastal tankers, and more. Our coverages include:
  • Marine builder’s risk insurance. This solution provides coverage for the shipyard or vessel owner for loss or damage of vessels during the course of construction.
Coverage highlights: 
  • Marine builder’s risk, $25M capacity
A boat or yacht builder faces numerous exposures which may require multiple lines of insurance to properly cover. The first is Builders Risk Insurance, which covers a vessel from the start of construction through the final delivery to the customer. The boat builder insurance coverage also includes launching and sea trials area as well as Collision Liability and P&I. 

​In addition to builders’ risk, a builder will need General Liability, Products Liability and may need various property coverage’s, commercial auto coverage’s, inland marine coverage’s, pollution coverage, and employers’ liability coverage. The various aspect of insuring a builder are too numerous to discuss on this page, however; we help builders assess the full range of their needs and assist in placing its coverage with one of several companies that focus on insuring builders.
Looking for something else? Check out our additional Commercial Marine pages:
Marine General Liability FAQ
​Marine Charters and Guides
Ocean Marine Cargo
Marine Artisan
Marine Contractor
Boat Dealers & Brokers
Marina Operators and Boat Yards
Watercraft Rentals