What type of insurance is required for deliveries and how can I get it?

[Jonny2488]

Hi there,

Just wondered what type of insurance I would require to conduct yacht/motor cruiser deliveries? And where could I get it from?

Thanks.

[peterb]

Plenty of discussion here about that sort of stuff.

Have a look here.

[Gordon]

..and be prepared to pay a lot of money out for it...!

[PeterM]

The only insurance that is legally compulsary is employers ( if you have employees ! ) & that to meet the conditions of the RTA ( road traffic act - so nothing to do with boats ! ) but in real terms you would be insane not to have public liability & also make sure the boat is covered - either by you or the owner.

Possible option would be a financial loss extension on the liability . Liability will only pay out if there is damage or injury , so if you are just late on delivery & people loose money they could hold you liable

Hope this helps !

[Jonny2488]

That's heplful. Thanks a lot.

So what do most freelance delivery skippers have in terms of insurance then?

J.

[Gordon]

£1275 for £5m public liability for the whole of the world except the USA and Canada based on a less than £5k turnover per annum which realistically is all I usually earn from the activities below - most of the teaching is PAYE through RYA Centres.

This includes :-

Period:
12 months at date to be arranged

Business:
Skippered Yacht Charter, Yacht & Rib, Powercraft delivery & skippered racing

Interest:
Legal Liability As Defined In the Policy/Certificate

Sums Insured:
Limits Of Liability

Section 1 Employers Liability
Not Insured

Section 2 Public Liability
£5,000,000 any one occurrence/unlimited
Based on Turnover of £3,000 - £4,000

Section 3 Products Liability (claims made basis)
£5,000,000 any one period of insurance

Territorial Limits:
Worldwide, excluding USA/Canada

Jurisdiction:
Great Britain and Northern Ireland, Isle of Man, Channel Islands


This covers me for power and sail, delivery and charter (Skippered or Bareboat) and selling berths on chartered yachts or having paying guests of any description on board during deliveries (as I don't employ crew otherwise add another £1,000 for employers liability).

My RYA tuition work is is covered by RYA Centres and enhanced with the Heath Lambert's RYA Coaches scheme...

My requirements for the policy were that :-

This policy covers any claim made by a third party to the value of a maximum of £5,000,000.

This policy covers any claim made by a third party where that third party has paid or has contracted his services as Skipper undertaking yacht or powerboat cruising and / or yacht racing.

This policy covers any claim made by a third party where the third party are the owner of the water craft and have purchased services either as Skipper undertaking cruising or yacht racing.

This policy covers any claim made by a third party where the third party are the owner of the water craft and have purchased services or have commissioned services to deliver a watercraft from and to designated ports or destinations either by sea, inland waterway or by road.

That this policy covers a chartered a water craft from any third party for the purposes of providing or selling services as Skipper undertaking yacht or powerboat cruising and / or yacht racing as described in points 1 and 2 above.

That this policy covers any activity as described above in points 1 to 5 whether in the UK, Europe and all other areas and countries excluding the USA and Canada.

...so quite a comprehensive cover...

..but expensive....

Let me know if you want further details and the name of the Broker...

Hope this helps,

Gordon...