Comprehensive Boat Repair Insurance Program from Continental Marine
Continental Marine Insurance Services, a division of Continental Risk, offers a specialized Boat Repair insurance program designed to protect marine artisans working on small commercial and private pleasure watercraft. This package policy is tailored for businesses performing repairs, installations, and maintenance at marinas, boatyards, or other locations not owned by the insured. With access to multiple admitted markets, Continental Marine delivers flexible coverage options to meet the unique exposures of marine contractors.
Ideal Accounts for This Program
This program is an excellent fit for small to mid-size marine businesses with annual gross receipts up to $1,000,000. Target classes include:
- Electronics installation and repair
- Fiberglass and hull repair
- Canvas, sails, and upholstery services
- Engine repairs and mechanical services
- Boat detailing, including underwater cleaning by divers
- Custom carpentry and woodworking
- Marine painting services
Whether your client is a mobile repair technician working dockside or a small shop handling fiberglass restoration, this program is structured to address their operational risks.
Coverage Highlights and Advantages
Continental Marine’s Boat Repair program offers a combined policy package that includes both Shiprepairers Legal Liability and General Liability. Additional coverages available by endorsement include:
- Bailee Coverage: Protects your client when they are responsible for others’ property while ashore.
- Protection and Indemnity (P&I): For clients who operate customer vessels during testing or repair.
- Tools and Equipment: Covers owned gear and tools used in the course of work.
- Transit: Protects gear and materials while in transit to and from the job site.
Policy limits are available up to $1,000,000 single limit, with flexible options based on the type of work performed. This allows brokers to tailor solutions based on the client’s scope of operations and risk profile.
Underwriting Notes and Minimum Premiums
Premiums are determined by the nature and extent of the services provided, with a minimum premium starting at $1,500. The program is most competitive for businesses focused on repair and light installation work, particularly when operations are performed at third-party marinas or yards. Accounts with heavy manufacturing or commercial vessel work may fall outside the target appetite.
States Where This Program Is Available
This boat repair insurance program is available in all 50 states and the District of Columbia, including coastal and inland marine regions. Whether your client operates in Florida, California, New York, or any other state, Continental Marine has the market access to help you place the risk.
Why Work With Continental Marine Insurance Services?
As a wholesale broker with deep marine insurance expertise, Continental Marine Insurance Services brings value through tailored underwriting, market access, and responsive service. Their experience in placing specialty marine artisan risks means you can count on knowledgeable support and fast turnaround for your clients’ coverage needs. Whether you’re placing a one-person mobile repair business or a growing marine service shop, Continental Marine offers a go-to market solution for boat repair risks.
Frequently Asked Questions
What types of accounts are a good fit for this program?
This program is ideal for marine contractors that service or repair small commercial and private pleasure boats, including operations like electronics repair, detailing, engine service, and painting.
Are operations at marinas or third-party yards eligible?
Yes, this program is specifically designed for businesses that work at marinas or boatyards not owned by the insured.
What is the minimum premium for this program?
The minimum premium starts at $1,500, with final pricing based on the type and scope of work performed.
Is Protection and Indemnity (P&I) coverage included?
P&I coverage is available as an optional endorsement for clients who operate customer vessels during repair or testing.
Which states is this program available in?
This program is available in all U.S. states and the District of Columbia.
Need help placing an account? Connect with a market specialist.