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Marine hull and liability insurance
Cover your vessel with marine hull and liability insurance
A marine hull and liability insurance policy covers damage or loss to the vessel, including its machinery and equipment, as well as legal liability to any third party due to negligence related to the vessel’s operations or the actions of masters or crew.
With our broad experience in marine hull and liability insurance, our specialists can give you expert advice and guidance on getting the right marine liability insurance to suit your needs.
Who needs marine hull and liability coverage?
Private and commercial vessel owners, those who operate commercial vessels, and associated businesses may require insurance, including:
- Shipping owners and operators
- Fleet owners
- Ferry operators
- Charter and tourist boat operators
- People or businesses with loans on vessels
- Tug and workboat handlers
- Carriers
What marine hull insurance covers
Marine hull insurance covers accidental loss or damage to boats used for commercial purposes; it includes salvage costs and third-party liability cover.
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Vessel insurance covers accidental loss or damage to the vessel anywhere in the agreed navigational limits set by the policy. Valuation and a survey of the vessel are usually required for this insurance and are set at an agreed value.
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Liability insurance can be included as an extension to the hull insurance or as a stand-alone cover. The limits selected for liability will vary based on vessel type, use and territorial limits.
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Ship repairers' liability insurance can cover the legal liability ship repairers face for loss and damage occurring while a vessel or craft is in their care, custody or control. Ship repairers' insurance cover also applies when a vessel is being moved within the limits of the port or docking facilities where work is being done and while in transit to or from a specialist repairer or manufacturer’s premises.
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Shipbuilders' risk protects vessels under construction or conversion; cover is provided against risks of physical loss or physical damage. It also allows for launch, sea trials, and liabilities arising from the build.
Need help with marine insurance?
Our marine specialists have experience with marine broking and underwriting. We maintain strong industry relationships with the Marina Operators Association (MOA) and help many of New Zealand's privately owned marinas and marina operators to get their hull and marine liability insurance sorted.
As one of New Zealand’s largest insurance brokers, our size helps us to negotiate competitive premiums, benefits and conditions for clients. We can also leverage our international connections when needed.
New Zealand marine insurance specialists
Our experienced marine insurance brokers are here to provide advice and solutions to all small-medium and corporate businesses transporting goods for commercial purposes in the New Zealand marine industry, including terminal operators, carriers, logistics companies and freight forwarders.
