What is Commercial Hull Insurance?
Commercial Hull Insurance, provides coverage for a commercial vessel owner, operator and/or charterer in the event of loss or damage to their vessel.
Do I need it?
If you own, operate or charter a Commercial Watercraft, such as a Commercial Fishing boat, Workboat, Tug or Charter vessel, it is highly likely that you will need or have Marine Hull Insurance, and Protection and Indemnity.
What does it cover?
A Coverforce arranged Commercial Hull Insurance policy can also include ‘Accidental Damage’ cover as standard, providing an additional level of cover in the event Masters, Officers, or Crew cause damage to the vessel itself, its machinery, boilers, shafts or other mechanical items.
- Whilst many insurers would like to have you use their inferior wording, Coverforce can negotiate coverage on the internationally recognised, and market standard, Institute Clauses.