Boat Manufacturers, Builders & Repairers Package Insurance from LIG Marine Managers
LIG Marine Managers, Inc. offers a comprehensive Boat Manufacturers, Builders & Repairers Package Insurance program tailored specifically for marine construction operations. Whether your client is building private pleasure craft or commercial vessels, this package covers critical exposures from the initial stages of construction to final delivery.
Ideal Accounts and Target Classes
This program is designed for a wide range of marine construction professionals, including:
- Boat manufacturers and fabricators
- Custom vessel builders
- Shipyards involved in new builds or major refits
- Specialized marine repairers
You can place accounts for both single-project builds and ongoing operations. Whether your client builds yachts, commercial fishing boats, ferries, or other watercraft, LIG can help you find the right coverage solution.
Coverage Highlights and Advantages
The Boat Manufacturers, Builders & Repairers Package includes a broad range of essential coverages to protect your client’s assets and operations throughout the construction and delivery process:
- General Liability – Covers third-party bodily injury and property damage claims
- Hull and Machinery – Protects the vessel under construction
- Products Liability – Addresses risks after the vessel is delivered
- Builders Risk Clauses – Tailored to marine construction exposures
- Protection & Indemnity – Optional coverage for sea trials, demonstrations, and delivery
Limits start at $5,000,000 and can be structured based on project size and risk profile.
Underwriting Notes and Minimum Premiums
The program is available through all markets—admitted and non-admitted—depending on the risk characteristics and state regulations. The minimum premium typically starts at $25,000. Each submission is carefully reviewed by LIG’s experienced marine underwriters who understand the nuanced risks of boat construction and repair operations.
You might have a client who builds custom sportfishing boats or a yard that handles major rebuilds of passenger vessels—LIG is equipped to evaluate and underwrite these complex accounts.
States Available
This program is available nationwide, including all 50 states and Washington, DC. Whether your client is on the Gulf Coast, Pacific Northwest, or Great Lakes, LIG can provide coverage solutions tailored to regional exposures.
Why Partner with LIG Marine Managers?
LIG Marine Managers is a recognized leader in marine and maritime insurance solutions, specializing in hard-to-place and niche commercial marine risks. As a Managing General Agency and Excess & Surplus Lines Broker, LIG offers access to a wide variety of carriers and custom underwriting services. Their deep industry knowledge and responsive service make them a trusted partner for placing marine construction accounts.
Please contact us today for more information on our Boat Manufacturers, Builders & Repairers Package Program!