Boat builders insurance programs are designed to provide coverage for people or companies who build boats or engage in activities that are related to boat building. This type of policy offers coverage for activities that are specific to this group. It may include coverage for workers, liability and crime in addition to general coverage. Understanding the details of a program is important if you are considering getting this type of coverage.
Who Is Covered
While companies may vary in who they will offer boat builders insurance programs to, in general, all programs will extend coverage to people or companies that actually build boats or other marine vehicles. Others who may be covered by this type of policy include those who restore vessels or those who provide parts for a boat, like anchors or benches.
The basic coverage under a policy typically will protect against property damage and liability for injuries. Additional coverage options may include coverage for loss of tools or other property, product defects, loss of income and worker protection.
Any business owner should have the proper insurance coverage in case something goes wrong. You can never completely prevent accidents or crime from happening, which is where boat builders insurance programs come in. Insurance offers you a peace of mind that should something happen, you will be protected.