If as an owner you're chartering a yacht or superyacht, having the right insurance in place is essential. Any vessel chartering is considered a small or large commercial yacht, and aside from complying with the Flag State rules, the owner will also need to meet the requirements of the Maritime Labour Convention MLC2006.
To charter a yacht or superyacht you'll first need a private policy. Chartering can then be added as an extension, to cover:
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Our Marine team has decades of experience in yacht insurance – we can guide you through the decision-making process, providing personalized risk advice and protecting your precious downtime. We provide a human face to make sense of marine insurance – real people who work with you at your pace, providing as much (or as little) detail as you wish.
But what makes us unusual is our “portfolio” approach, allowing you to combine your marine, home and vehicle insurance needs. This is no “bolt-on”: by streamlining specialist marine insurance with high net worth home and motor cover, we present an overall more attractive risk package to the insurer. This can mean better rates and time savings - just one payment and a single policy anniversary, minimizing the possibilities for gaps in cover and maximizing your peace of mind.