Call Us Today For A Free Quote | 800.342.4444
Voyager Insurance Services Serving You Since 1958

people on boatBoat insurance is designed to protect from two big risks. The first is to help protect from damage to the boat itself. Secondly, insurance is there to help minimize liability risks, instances in which the boat’s owner or operator may be responsible for losses to other people or other property. When you operate your boat for business purposes, the risks may increase. For this reason, you may need commercial boat insurance that’s valued at a higher rate than a basic policy. How much you need depends on how you operate your boat and the risks it presents.

Liability Insurance Protections for Commercial Boat Owners

Estimating the amount of liability insurance necessary is a challenge. There are many factors that play a role in this selection, though most business owners benefit from basic policies. There are several factors that will play a role in the amount of coverage you need.

  • Do you bring people on board your boat? If you operate a charter service, for example, your risks may be higher because you’ll be providing a service to customers on your property, increasing the risk of injury.

  • Do you haul highly valuable cargo or expensive inventory from place to place? Your coverage needs to be high enough to protect the value of that cargo at least.

  • The larger the boat is, the more damage it can create in a situation where the boat impacts others or other property. The size of the engine plays a role in this as well.

  • Where you operate can play a role in your needs as well. Those operating on the ocean or larger seas are likely to need more protection than those operating on a lake.

To determine the amount of general liability and umbrella liability coverage you need, work closely with your insurance provider. Commercial boat insurance is going to require a higher level of liability protection than simple boat insurance. However, this added coverage can provide you with the ability to maintain your business in the event of a catastrophic event. Otherwise, any negligence proven against your business could be the responsibility of your business (or yourself) to repay. With proper coverage, though, your risk may be lessened and you can operate safely.

We’ve got you covered. Call Voyager Insurance Services at (800) 342-4444 for more information on Dallas commercial boat insurance.
Share |

No Comments

Post a Comment
Required (Not Displayed)

All comments are moderated and stripped of HTML.
Submission Validation
Change the CAPTCHA codeSpeak the CAPTCHA code
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2017
  • 2016

View Mobile Version
Instant Quote
We love referrals! And thank you even more for your continued business.
Customer Service
Self policy service any time of the day, directly from our website.
Join Our Newsletter
Stay in touch with the latest events, news and offers we have.
From Our Blog From Our Customers

Read More Read More
Facebook Twitter LinkedIn Google+
Stay In Touch With Us Helpful Site Links Contact Us
Sign up now to receive news and updates 7000 Parkwood Blvd #G400
Frisco, TX 75034

Ph: 972.712.8000
Ph: 800.342.4444
Fx: 972.712.4400
We have the expertise to find you the right coverage at the right price 
Powered by Insurance Website Builder