If you work within the marine trade, it is essential that you have appropriate cover so always choose a marine trade insurance policy which is tailored to your business. Insurance is legal requirement in every UK workplace, and the marine trade is no different, so to ensure that you are always working legally and have adequate cover in place in the event of an accident. Marine trade insurance is very specialized so it is advised that you contact a specialist who can create a bespoke policy to meet your every requirement, rather than an off the shelf policy which could see you caught out by something. By researching your insurance needs and the types of cover available, you will be in a better position to negotiate on costs and premiums with your provider.

Marine trade insurance is required for any of the following trades:
Marine Retail
Marine Trade associated with private and pleasure craft and small commercial vessels
Boat Yards
Marina’s
Boat/Yacht Builders
Marine Engineering
RYA Training Centres
New and second hand vessel sales
Boat Clubs, Rowing Clubs and Sailing Clubs
Marine Cargo

The legally required level of cover is very basic and it is important that you dont simply opt for this because it is the cheapest. To ensure that you can work with the peace of mind that you have adequate levels of cover you need to consider a wide range of risks and what you need to have cover for. Some sections to think about are:
Boat Builders Risks
Financial Loss
Business Interruption
Business property
Goods In Transit
Glass Cover
Frozen Foods
Employers Liability
Public & Products Liability
Personal Accident Cover
Marine vessels and equipment
Money Cover

Once you have an idea of what you need cover for, and have an understanding of the different types of marine trade insurance available, you can start browsing the market for quotations. Remember, it could be more costly in the long term to obtain a cheap and ineffective policy.