You’re right to be concerned for your boat since there is a lot of potential for loss or damage out at sea. You’re also right to be concerned about a general insurance agency giving you the best possible marine coverage, but there are specialty insurance programs that work exclusively in the marine industry and have the deepest understanding of this particular niche industry’s characteristics and have a history of connections with insurers so that they can provide you with the best deals and coverage options.
There are a few other qualities to seek in a specialty insurance program for mariners besides expertise and insurer connections. Find an agency that actively participates in the industry’s conventions and major events, because they have a better picture of what directions the market will take and what adjustments they need to make to continue providing excellent coverage. Also, make sure to find an agency that works closely with you to prevent loss and properly manage risk. While a good insurance plan is important, it’s more important to get expert guidance in order to avoid major losses altogether.
If you own a recreational marine business, it’s almost impossible to get all the specific coverage you need from one source unless you find a reliable marine agency. Use these tips to make your equipment or business much safer.