Boat Dealership & Brokerage Insurance

• Marine stock floater: covers inventory against damage, fire and theft, with limits adjusting as stock comes and goes.
• Sea trials: a sea trial extension can cover vessels being demonstrated to a buyer, typically when skippered by an authorised employee or under their direct supervision.
• Boat shows: boat show cover protects stock in transit to, on display at and returning from public marine exhibitions.
• Trade-ins: used trade-ins can be covered under the stock floater once entered in your accounts with their market value declared.
• Floorplan stock: floorplan insurance names your finance company as an interested party.

Brokers selling on consignment can be liable if they damage a privately owned boat left in their yard. Workshops need a faulty workmanship or servicing liability extension, because standard property cover excludes repair errors. Defective title cover can protect a broker who sells a used vessel later found to be stolen or subject to an uncleared debt.

If you declare stock below its actual replacement cost, a co-insurance clause can reduce your claim payment in proportion. Theft from open yards is covered only if the yard meets the policy’s security requirements, such as fencing, lighting and alarms or CCTV.

Private owners can request a boat insurance quote, and clubs can ask about yacht and boat club insurance. To report a loss, use our claims page or call 1800 656 836. We are members of the National Insurance Brokers Association (NIBA); read more about our team.

Whenever your stock levels change significantly, such as before boat show season or when new models arrive. Keeping the declared values current means your stock floater limits match the boats you actually hold and helps avoid under-insurance at claim time.

Yes. Our dealership packages cover boat retailers and builders whose business also includes ship repairing and yacht broking. Building and repairing vessels brings extra risks, such as products and repairers liability, so tell us about all your activities when you quote.

Your annual sales, average and peak stock values, premises and security details, workshop and repair services, how you run sea trials, which boat shows you attend, and your claims history.

Yes, business interruption is one of the covers a boat retailer or builder may include in its package, alongside property, stock and contents, public liability and machinery. It is designed to help with lost income and ongoing costs if insured damage, such as a fire at your premises, stops you trading. The amount and period of cover are set out on your schedule and are subject to the policy terms.

Machinery cover can be included in a boat dealership package for businesses that run workshops, service bays or boat-building operations. It sits alongside property, stock and contents, theft and ship repairers liability among the covers a dealer or builder may need. What is covered depends on the section chosen and the policy terms, so describe your workshop and repair services when you request a quote.