Whether you are building boats, engines, or marine accessories, the marine manufacturing business involves considerable risk. Therefore, having the right commercial insurance coverage in place is essential. Effective marine manufacturers coverage includes liability, property, and employee protections. Here are a few facets to consider when setting up your policies.

Elements of Marine Manufacturers Coverage

Marine manufacturers insurance is highly customizable, so you can select the types of coverage that best suit your business. You can choose from these and other types of protection.

• Broad general liability coverage provides insurance for product, contract, and operational liability, among other types of protection.
• Property coverage protects your real estate as well as your personal property.
• Commercial auto coverage protects the vehicles used in the course of business.
• All-risk coverage is available for piers, docks, wharves, and mobile equipment.
• Equipment breakdown coverage protects your company against lost income due to malfunctions.
• Coverage enhancements can add protection related to building ordinances, transportation, and debris removal, for example.
• Hull physical damage and hull builder’s risk are specific types of coverage for manufacturers of those specific items.

Protecting your business starts with a comprehensive plan for insurance coverage. If your business involves manufacturing boats, engines, or related accessories, marine manufacturers insurance designed to fit your company’s needs is a must.