Munich Re Underwriting Limited

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International Marine Trade

Marine trade

Munich Re Syndicate Limited offers a package product covering all aspects of the yacht marine trade, with particular emphasis on marina operators, yacht clubs, boat dealers/brokers and yacht repairers.

Highlights of coverages available include:

  • Third-party liability ‒ both ashore and afloat, including general third-party, MOL, boat repairers, products and pollution. In addition, coverage can be extended to include lifting and movement of vessels, legal liability during repairs, and products cover for parts fitted or sold via chandlery shops, etc.

  • Buildings and contents ‒ coverage may also be available for non-standard construction.

  • Marine structures ‒ including breakwaters, fixed and floating pontoons and walkways.The option of a first-loss basis can be considered for higher sums insured. 

  • Handling equipment

  • Boat-dealer inventory ‒ includes vessels, outboard motors, canoes, rowing boats, rowboats, boat trailers and accessories. Coverage can also be extended to include vessels in transit, at exhibitions and during demonstrations.

  • Business interruption

  • Vessels ‒ including rental boats, workboats, launches, barges and dredgers. 

  • Goods in transit ‒ both regular and irregular, including inland and overseas shipments.


Coverages are available on a worldwide basis, currently excluding the USA.

Martin Zetter
Group Yacht Underwriting Manager
Telephone: +44 (0)20 7886 3950
MZetter@munichre.com

Information

Syndicate 457 at Lloyd's, managed by Munich Re Syndicate Limited is authorised by Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority.

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Contact our marine trade experts


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This publication is available exclusively to Munich Re clients. Please contact your Client Manager.