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Building a boat is a labor of passion and craftsmanship. From small pleasure vessels to large commercial ships, boat builders put every ounce of their skill and expertise to use when creating these floating works of art. However, along with the beauty of boat construction, there are inherent risks that can jeopardize the process. This is when boat builders’ insurance comes into play to help provide protection against unforeseen events and potential disasters. In this blog, we will break down boat builders’ insurance and explore the significant benefits it offers. 

Understanding Boat Builders’ Insurance

Boat builders’ insurance is a specialized form of coverage designed specifically for professionals who work in boat building and repair activities. It safeguards boat builders from various risks associated with their operations, including property damage, liability claims, and financial losses arising from unexpected events. 


This type of insurance serves as a safety net, offering financial protection and peace of mind to boat builders. It covers a variety of scenarios, including property damage to boats under construction, theft of tools or equipment, bodily injury to employees or third parties, and damage to other vessels or property caused by boat builders’ operations. Additionally, this insurance can help cover potential legal costs from liability claims and lawsuits.

Who Needs This Protection?

Boat builders’ insurance is not limited to large shipyards or commercial boat builders; it’s vital coverage for a wide range of professionals involved in boat construction, repair, and related activities. Here are some examples of individuals and businesses that should consider obtaining boat builders’ insurance:


  • Boat builders and manufacturers
  • Boat repair and refurbishment services
  • Marine contractors and subcontractors
  • Boat dealers and brokers
  • Boat transporters and storage services
  • Boat charter companies


Obtaining boat builders’ insurance will help safeguard these valuable investments and ensure that your company can stay afloat in the event of an accident that may arise in the course of its operations. 

Comprehensive Coverage Options

Boat builders’ insurance offers a range of comprehensive coverage options tailored to the specific needs of businesses handling boats. 


Property or Builders Risk coverage protects physical assets, such as tools, machinery, building structures, and boats throughout the stages of your operations. It ensures that in the event of damage or loss, the necessary repairs or replacements can be made without incurring devastating financial losses. 


Workers’ compensation is crucial for boat builders with employees. It provides coverage for medical expenses and lost wages in the event of work-related injuries or illnesses suffered by employees. Not only does this coverage protect workers but it also helps boat builders meet their legal obligations and avoid costly lawsuits.


General liability coverage is essential as it protects companies against third-party bodily injury or property damage claims that arise from their line of work. Accidents or incidents occurring on the premises, such as slips, falls, or damage caused by equipment, can lead to expensive legal liabilities. General liability coverage offers financial protection in such situations.


Securing Your Investments With Biscayne 

Marine businesses and boat builders face unique challenges that are industry-specific. These companies need specialized coverage tailored to their needs to stay adequately protected. At Biscayne Risk & Insurance, we hold extensive experience working with businesses in the marine industry, and our team understands the intricacies that come with securing vessels. For more information on how we can help protect your company and its investments, please contact us today to set up an appointment.

Contact Us Today!

Fill out the contact form below or call 561.571.1001 to speak to a member of our team.