Comprehensive marine builder’s risk insurance
Discover our extensive insurance policies for boat-building businesses, keeping boat manufacturers protected throughout the boat-building process. From coverage of your building and machinery to personal liability and protection when boats are in transit, we are here to help.
With our vast years of experience and access to a large range of insurers, we will help find the right policy for you.
Get a FREE QuoteOur Boat Builders Insurance solutions are crafted to address the unique risks and challenges of your boat-building business. We offer comprehensive coverage tailored to the needs of manufacturers, custom builders, and repairers, including protection for:
- Damage to vessels under construction, including hulls, engines, and fittings.
- Loss or damage to tools and specialist equipment used in fabrication and assembly.
- Liability for third-party injuries or property damage resulting from workshop operations.
- Business interruption due to fire, flood, or supply chain disruptions.
- Damage caused during testing, launching, or sea trials.
- Environmental liability, including clean-up costs from spills of paints, oils, or other hazardous materials.
- Buildings and structures, including workshops, sheds, storage facilities, and launching areas.
Whether you’re building one-off custom yachts or running a high-volume production facility, our insurance provides peace of mind so you can focus on what you do best – crafting exceptional vessels.
Policy details for our Boat Builder’s Insurance coverage are as follows:
- Property Damage – Covers physical loss or damage to insured property and marine installations, including marine impact, debris removal, temporary removal, architects’, surveyors’ and legal fees. Includes optional cover for exhibitions and property away from premises on an all-risks basis.
- Stock – Covered at cost price.
- Goods in Transit – All Risks cover for goods in own, haulier’s vehicles, by rail, or post.
- Handling Equipment – Cover for specialist equipment such as boat hoists, transporters, cranes, and forklifts.
- Builders Risks* – Covers loss or damage, malicious acts, or negligence affecting vessels under construction. Includes third-party liabilities.
- Vessels – Covers loss, damage, theft, and transit risks for marine stock, owned vessels, and hire fleets. Includes third-party liability, wreck removal, trials, tests, and optional exhibition cover.
- Business Interruption – Protection against income loss due to insured damage (Property, Marine, Builders Risks). Indemnity periods: 12, 24, or 36 months. Includes cover for gross profit/revenue, increased costs, rent, and optional extensions for suppliers, utilities, access, and breach of canal.
- Computer All Risks – Covers damage to equipment, data reinstatement, and extra working costs.
- Employers’ Liability – Covers legal liability for employee injury, including defence and court costs.
- Public & Products Liability – Legal liability for injury or property damage, including pollution. Limits: £3m, £5m, or £10m.
- Collision Liability – Covers third-party vessel damage, loss of use, salvage, and general average costs.
- Protection & Indemnity – Covers liability for injury, wreck removal, salvage, and fines from vessel operation.
- Terrorism Cover – Available as an optional extension.
- Professional Indemnity – Covers liability for breach of duty, dishonesty, libel, slander, and document damage, including legal defence costs.
*If constructing or fitting out vessels, then this should be insured under the Builder’s Risk section of the policy – a figure representing the final finished cost price plus a profit element. The vessel and all parts allocated to it (whether attached or not) are covered under this section. The vessel constructed is also covered whilst on sea trials and during delivery trips by water, including third-party liability. The cover also protects the interests of owners during the period of building.
We’ve been in the boat and marine trade insurance industry for over 50 years, and as such, we have strong relationships with most marine insurers in the UK and global providers on the market.
So, if our boat builder policies aren’t suitable for you, we can source an alternative insurance quote from another insurer.
Learn more about our Marine Trade Insurance cover.
Contact Us:
Want to get a FREE quote from us today to find out more about how we can help you get the right insurance solution.
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Claims Support:
You can contact our claims team By Telephone: 020 7929 4058 from the UK or +44 20 7929 4058 from abroad.
Claims SupportWhy choose Velos?
As one of the UK’s leading marine insurance brokers, we’ve been supporting the marine trade industry since 1975. From boatbuilders and marine engineers to marinas and boatyards, we offer competitive rates and tailored insurance solutions to protect your business, assets, and operations.
- Tailor-made, bespoke insurance policies
- Competitive premium & wide cover
- Market-leading reputation for customer care
- Professional underwriting team
- Efficient and fast claims handling
What Our Customers Say
Boat Builder’s Insurance is a specialist insurance coverage for businesses or individuals involved in the construction or repair of boats and yachts. It protects you against the wide range of risks you face while working on vessels, whether you’re building from scratch, refurbishing, or customising.
Yes, Environmental Liability Insurance is included to cover accidental pollution events, such as fuel or waste spills, including clean-up costs and legal expenses.
Boat building comes with specialist risks at every stage of construction, and our team understands the considerations involved.
Whether you build, repair or restore vessels, Velos can help arrange insurance tailored to your business.
