We offer tailored cover for yacht owners that will prepare them for most eventualities. From hull and machinery (H&M) insurance to Cyber Risks & Ransomware insurance, reach out to us at Fort Insurance to discuss your options.
H&M insurance has you covered for whenever damages to your yacht might occur. Physical damage can be anything from collisions with other vessels to fires on board. The hull can also undergo severe damage from grounding on a reef or sandbar, or from bad weather. Even a seemingly minor accident can often lead to expensive repairs; explore our H&M options for the best cover.
Unlike standard yacht insurance, our P&I Insurance offers robust coverage for third-party liabilities arising from your yacht’s operation. This includes collisions, pollution incidents, life salvage costs, wreck removal, legal fees, and any obligations under maritime conventions. We also cover your liabilities for damages or injuries caused by the use of tenders and water toys towed or launched from your yacht. With this comprehensive protection, you can venture forward with confidence.
Marine contracts can be riddled with confusing clauses and hidden liabilities. Before you can consider starting work on your yacht project, numerous businesses will be working behind the scenes, each with their own agreements. Contractual Liability Insurance is the safety net we can offer you. It protects against financial burdens arising from indemnification clauses. We protect you from liabilities outlined in your contracts, giving you the breathing space to focus on the project itself.
We’ll provide financial support for legal fees and other expenses you incur if you need to defend yourself in a lawsuit, or if you choose to pursue legal action yourself, in relation to the operation of your yacht. With this financial backing, you’ll be well-equipped to navigate the complexities of legal issues.
This insurance option provides protection for your yacht in extraordinary circumstances. Coverage extends to damage or loss caused by war, civil unrest, strikes, riots, piracy, and terrorism. It also shields you from financial burdens if your yacht is captured, confiscated, arrested, seized, or detained by any authority. This all-encompassing safeguard ensures your investment remains protected against a wide range of unforeseen and potentially devastating events.
There are occasions when your vessel may be forced to abandon its charter. In these unlikely events, we are here to offer you protection for loss of income. Whether it be damage from a mechanical issue, or an accident that requires repairs, we may be able to reimburse you for the income you would have earned during that time. Even when your yacht is temporarily out of commission.
Mortgagee interest is a valuable piece of protection not only for yourself as a yacht owner, but for your bank lender as well. It acts as extra safeguarding for the third party’s financial stake in the yacht. MI insurance ensures that the bank is compensated if anything happens to the yacht if your regular insurance fails to respond adequately. This additional security reassures lenders financing your yachting adventure, giving everyone involved the comfort they need.
As unlikely as it seems, piracy and hijacking are still very real threats for those who set sail. Our insurance coverage for kidnap and ransom is highly recommended in order to safeguard against these incidents. It protects a ship owner from the financial repercussions of ransom and detainment at sea. Other insurance providers may not cover a hijacked vessel; that is where we, at Fort Insurance, can help. In addition to covering the actual ransom, our cover can take care of the costs associated with negotiating with kidnappers and the legal and logistical costs of paying the ransom.
Yachts have become some of the prime targets for data-hungry hackers. They are overflowing with sensitive information on personal identification and financial data. To prevent information breaches, it is recommended you prioritise robust cybersecurity. However, if the unthinkable does happen, Fort Insurance has extensive cover to protect you against any financial repercussions.
A standalone loss of charter hire program is an insurance designed to cover you in situations where your vessel can’t operate. This protection may cover you for lost income while your boat is unavailable, taking away the financial loss arising out of your yacht being out of commission unexpectedly.
At Fort Insurance, we specialise in crafting customised yacht insurance solutions specifically designed for yacht owners. Our team of experts will work closely with you to understand your unique trip, ensuring your policy offers comprehensive protection.
Set sail with peace of mind. Contact Fort Insurance today and let us guide you towards the best insurance policy.
Are you a yacht owner? Contact Fort Insurance for tailored quotes and guidance.
