When spending time on your yacht you want to relax and let go of burdens. Our tailored Yacht P&I cover does exactly that. The combination of a truly tailored product with our readily available assistance provides continuity in an uncertain world. Cover can be divided into the following main areas:
- Third party Liability – Costs and expenses arising from your legal liabilities to third parties caused by your yacht, its tenders and/or toys, but also caused by crew members are covered. Think for example of personal injury claims, collision or pollution
- Crew – As the owner of a yacht you are considered to be responsible for the care and safety of the crew that you hire. Medical costs, sick wages, the costs of repatriating an injured crew member, hiring a replacement as well as compensation costs arising from illness, permanent injury and death are covered
- Guests - As the owner of a yacht you are considered responsible for the care and safety of guests you may have on board. This part covers medical costs as well as the costs of repatriating an injured guest. Compensation costs arising from illness, permanent injury and death are also covered
- Watersports – Your liabilities to a crew, guest or any other person caused by tenders, toys and diving equipment used in conjunction with your yacht are covered. Cover can be extended to include submarines as well Airborne craft – Airborne craft – Claims caused by helicopters or other types of airborne craft whilst on board of you yacht are covered
Peace of mind…
Our Yacht P&I cover has been designed to bring peace of mind. We have therefore introduced a few interesting novelties. A newly acquired yacht for example is automatically covered and so is the pre delivery crew when they are at the yard or port prior to the hand-over or delivery of your new yacht. So no hassle to get your yacht and crew insured, insurance is already there when your new yacht is being delivered. The only thing you have to do is notifying us within 60 days after purchase and we will arrange for the rest. The same peace of mind applies to newly acquired tenders or toys.