The marine industry has unique and specialised insurance requirements. With global dynamics evolving and increasing demand for imported goods, marine businesses face both significant growth opportunities and potential risks.
Commercial Hull Insurance offers protection for vessel owners, operators, and charterers against loss or damage to their commercial vessels.
Do I need Commercial Hull Insurance?
If you own, operate or charter a Commercial Watercraft, such as a Commercial Fishing boat, Workboat, Tug or Charter vessel, it is highly recommended that you should have Marine Hull Insurance.
You may also like to consider Protection and Indemnity Insurance for your commercially operating vehicles.
What does this Insurance cover?
- A Clearlake Insurance arranged Commercial Hull Insurance policy can also include ‘Accidental Damage’ cover as standard.
- Additional level of cover can also be taken out in the event Masters, Officers, or Crew cause damage to the vessel itself, its machinery, boilers, shafts or other mechanical items.
Whilst many insurers will readily offer cover on their wordings, Clearlake Insurance can negotiate coverage on the internationally recognised, and market standard, Institute Clauses.
General Advice Warning
The information provided on this website has been prepared for general information purposes only and not as specific advice to any particular person. Any advice on this website is General Advice and does not take into account any person’s individual investment objectives, financial situation or needs. Before making a decision based on this advice you should consider whether it is appropriate to your particular circumstances.
Where the General Advice relates to the acquisition or possible acquisition of a financial product, you should obtain a disclosure document, including the Product Disclosure Statement (PDS) and, where available, Target Market Determination (TMD) relating to the product and consider the content before making any decision about whether to acquire the product.
Authorised by Clearlake Insurance Brokers ABN 16 651 113 861 AFSL 559829
How Clearlake Insurance can help
At Clearlake Insurance Brokers, our knowledgeable team of insurance brokers understands the unique challenges and risks associated with operating your commercial vessel. We are dedicated to providing expert risk management advice and customised insurance solutions designed to address your specific business needs effectively.
For more information or to arrange cover, please contact us on 02 9037 8970 or simply fill out the form below and one of our insurance brokers will get in touch shortly.
