Pleasurecraft Insurance

Being on the water is such bliss. We all think ‘safety first’ when it comes to being on the open water - but it’s easy to forget to properly insure the boat or pleasurecraft.

The most common question we hear from pleasurecraft owners is, “Doesn’t my home and contents insurance cover my pleasurecraft?” The short answer is “NO”. Most home policies impose significant restrictions and exclusions on boats, personal watercraft and pleasurecraft. Inexpensive and slow pleasurecraft – like kayaks or canoes – may be covered.

Size matters. The moment there’s a motor involved or the craft reaches a certain size, whether it’s a jet ski, sailboat, or yacht – your home and contents policy will fall short of giving you the right cover. You’ll also need to consider the intended use of your pleasurecraft and whether or not it requires a license.

There is also the risk of damage to your / your company’s reputation in the event of a claim. Just the news that your company or its principals are being investigated, can lead to immediate defection even by loyal customers.

The reality is that you face both personal and corporate liabilities when it comes to managing a business – meaning you can be held personally liable. Don’t be caught underprepared. Protect the company, its directors and officers, and its employees from financial hardship due to claims against the company and/or its people. It’s necessary peace of mind so if you’re not sure your company is adequately protected, talk to Nsure today!

Ensure you’re covered