Berth Liability Insurance
You're covered.
For legal liabilities and financial losses arising from incidents occurring while the superyacht is moored in a berth or marina.
Berth liability insurance for superyachts is a specialised type of marine insurance that provides coverage for legal liabilities and financial losses arising from incidents occurring while the yacht is moored in a berth or marina. This insurance is crucial for superyacht owners, as it protects against potential claims for damages or injuries that may occur in the often crowded and high-value environment of marinas and harbors.
Berth Liability Insurance
Key Features.
The following shows the standard key features for our Berth Liability Insurance policies. Yet, at Superyacht Insurance Services, our products and service are anything but standard. We will work with you to design and build a bespoke policy that is uniquely tailored to you and your superyacht.
Third-Party Liability Coverage
Bodily Injury
Covers legal liabilities for bodily injuries sustained by third parties, such as marina staff or other boat owners, while the superyacht is berthed.
Property Damage
Covers damages to third-party property, including other vessels, marina infrastructure, and dock equipment.
Environmental Liability
Pollution
Provides coverage for environmental damage resulting from fuel spills, oil leaks, or other pollutants released from the superyacht while berthed.
Cleanup Costs
Covers the costs of cleaning up any pollution or environmental contamination caused by the superyacht.
Defence Costs
Legal Defence
Covers legal expenses incurred in defending against claims or lawsuits arising from incidents while the yacht is berthed.
Settlement and Judgments
Provides coverage for settlements and court-awarded damages related to berth liability claims.
Personal Injury
Personal Injury Claims
Covers claims related to personal injury incidents that occur on or around the yacht while it is moored, including slips, trips, and falls.
In conclusion.
Let's talk.
Berth liability insurance is a vital component of a comprehensive insurance program for superyacht owners, offering essential protection against the unique risks associated with mooring in marinas and harbors. By securing this type of insurance, yacht owners can safeguard their investments, protect against legal liabilities, and enjoy peace of mind knowing they are covered against a range of potential incidents while their yacht is berthed. This coverage ensures that any accidents or damages that occur in the marina environment are managed effectively and with minimal financial impact on the yacht owner. If you’d like to arrange cover, please get in touch.
