Boating is a passion for many, but for those who operate boat engine repair shops, storage facilities, or marine service operations, it also comes with unique liability exposures. Colonial General Insurance Agency, Inc. offers a specialized Boat Engine Repair Insurance program designed to help you place coverage for these niche risks quickly and efficiently.
Overview of the Program From Colonial General
Colonial General is a trusted Managing General Agency and Excess & Surplus Lines Broker with a strong presence in the Western U.S. Their Boat Engine Repair Insurance program is tailored for businesses servicing, storing, or transporting boats and marine engines. Whether your client owns a small repair garage or a multi-bay marine facility, Colonial General can help address their commercial liability and property needs through a flexible and broad coverage offering.
Ideal Accounts and Appetite
This program is a strong fit for:
- Boat engine repair shops
- Marine mechanic garages
- Boat storage facilities
- Boat dealerships with service operations
- Mobile marine service providers with towing operations
Accounts that perform engine diagnostics, mechanical repairs, winterization, or routine maintenance on boats and personal watercraft are ideal candidates. Boat dealers with service bays and repair operations are also acceptable within this program.
Coverage Highlights and Advantages
Colonial General provides robust Commercial Garage Coverage with options tailored to the marine service industry:
- $3,000,000 Aggregate Liability Limit
- $5,000 Medical Payments
- Broadened Coverage Endorsements
- Dealers Physical Damage
- False Pretense Coverage
- Fire Legal Liability
- Garage Keepers Coverage on a Primary Basis (Specified Causes of Loss)
- Garage Liability Limits up to $1,000,000 per accident
- In-Transit Coverage for Towing Operations
- Optional Property Coverage
This flexibility allows agents to tailor a policy to meet the needs of each unique client, from small local mechanics to larger marine service centers.
Underwriting Notes and Minimum Premiums
Colonial General works with a variety of carriers and offers access to both admitted and non-admitted markets, depending on the risk profile and state. Minimum premium requirements vary, but the underwriting team is open to reviewing risks of all sizes and complexities.
Submissions with clear descriptions of operations, loss history, and safety practices are preferred. Risks with clean loss runs and experience in the marine service industry are more likely to receive favorable terms.
Territories and Availability
This Boat Engine Repair Insurance program is available in the following states:
- Arizona
- California
- Colorado
- Idaho
- Nevada
- New Mexico
- Utah
- Wyoming
Some admitted markets are available, depending on the specific state and nature of the risk.
Why Work With Colonial General?
Colonial General brings decades of experience and strong market access to help agents place marine-related garage risks. Their team is known for fast turnaround times, responsive service, and the ability to handle unique or hard-to-place accounts. If you're working with a client in the marine service industry, Colonial General provides the tools and market access to help you deliver competitive and reliable coverage solutions.
Get in touch today to discuss submission requirements or to receive a quick quote on your next boat engine repair shop account.
Frequently Asked Questions
What types of accounts are a good fit for this program?
This program is ideal for boat engine repair shops, marine mechanics, boat storage facilities, and boat dealers with service operations.
Is Garage Keepers coverage included?
Yes, Garage Keepers Coverage is available on a primary basis with specified causes of loss, offering protection for customers’ boats in the insured’s care.
Which states is this program available in?
The program is available in AZ, CA, CO, ID, NV, NM, UT, and WY.
Can towing operations be covered?
Yes, In-Transit Coverage for Towing Operations is included, making this a good fit for mobile marine service providers.
Are boat dealers eligible for this program?
Yes, boat dealers are acceptable risks, especially those with in-house repair or service departments.
Need help placing an account? Connect with a market specialist.