YIS can tailor-make your insurance to suit the requirements to the size of the yacht's value, gross tonnage and the owner's cruising requirements. The same principals apply as to insuring the Hull, owners should always use a specialist P & I Broker. Protection and Indemnity insurance, commonly known as P&I, is insurance in respect of third party liabilities and expenses arising out of the ownership or operation of the yacht.
We can also offer Yacht Owners Liability to Employed Crew coverage for owners of British flag (Red Ensign) yachts that have a requirement to provide employers liability coverage to comply with the owner's obligations under the Merchant Shipping Act for their full time or part time professional crew.
We can also offer Yacht Owners Liability to Employed Crew coverage for owners of British flag (Red Ensign) yachts that have a requirement to provide employers liability coverage to comply with the owner's obligations under the Merchant Shipping Act for their full time or part time professional crew.
Services
Yachtsman Insurance Services was formed in 1999 as a dedicated Insurance Broker/Consultancy to the yacht industry, giving personal advice and service for yacht Insurance on a private and confidential basis to yacht owners.
Previously the Proprietor, Mr Keith Shepherd was the Manager of various Marine claim departments of International Lloyds Brokers for 14 years before forming Hunter & Shepherd Ltd in 1976 as a specialist Yacht and Superyacht Insurance Broker.They had Agents worldwide with offices in all marinas from the French/Italian border to St Tropez.
Previously the Proprietor, Mr Keith Shepherd was the Manager of various Marine claim departments of International Lloyds Brokers for 14 years before forming Hunter & Shepherd Ltd in 1976 as a specialist Yacht and Superyacht Insurance Broker.They had Agents worldwide with offices in all marinas from the French/Italian border to St Tropez.
The days have long gone that one policy fits all yacht requirements. Today Hull Insurance for Giga - Mega - Super and Yachts under 30 metres are insured under different sets of conditions (Marine Insurance Clauses). YIS can tailor-make your insurance to suit the requirements to the size of the yacht's value, gross tonnage and the owner's cruising requirements.
The same principals apply as to insuring the Hull, owners should always use a specialist Protection and Indemnity Isurance Broker.
Third party is generally included within the Hull for small yachts, however the bigger the vessel's size, tonnage and number of crew are key factors, as more liability cover will be required to protect the owner against damage done to third parties and the risk of being sued is quite often inevitable when higher valued vessels are involved with accidents.
Third party is generally included within the Hull for small yachts, however the bigger the vessel's size, tonnage and number of crew are key factors, as more liability cover will be required to protect the owner against damage done to third parties and the risk of being sued is quite often inevitable when higher valued vessels are involved with accidents.
Employers Liability Insurance is for the protection of owners against claims being made against them by their employees (crew and the like). If an accident occurs to an employee (lets say crew member) on board the yacht and it can be proven that the owner is negligent (Note: the owner does not have to be on board at the time of the incident) then depending on the severity of the incident, a claim could be brought against the owner.
This insurance is probably best kept separate from the Hull policy, as not only are the benefits greater, but if there are any claims under the Medical policy it will not affect any possible increases that may be applied to the Hull policy, thus protecting any rebates that are available. A Medical and Travel Policy can be insured under a group scheme in the name of the company owning the yacht.
Reviews
Be the first to review Yachtsman Insurance Services.
Write a Review
