Services

Marine

Key Insurance Products for the Marine Industry

Our team of experienced insurance brokers can assist you with risk advice and placement across a range of general and specialty insurance products for marine businesses.

Explore some of our most commonly arranged cover types below:

Marine Transit Insurance

Protect your goods in transit — on land or water

Transporting boats, equipment or marine stock involves real risk — from accidental damage to theft and weather events. Our Marine Transit Insurance helps protect your valuable assets while in transit, whether locally or interstate.

Key Features

  • Cover for owned or customer goods while in transit
  • Protection for single transits or regular freight operations
  • Inland and coastal transit options
  • Includes accidental damage, theft, loading/unloading risks
  • Tailored options for boat dealerships, marine trades, and service providers

Who is this type of insurance suitable for?

  • Boat retailers
  • Marine wholesalers
  • Repairers
  • Transporters
  • Brokers with demo stock

Business Interruption Insurance

Protect your business from income loss when the unexpected strikes

In the marine industry, disruptions can occur from storms, equipment failure, fire, or third-party damage. Business Interruption Insurance helps protect your income during the time it takes to repair and return to operations.

What can it cover?

  • Loss of income
  • Fixed operating expenses
  • Temporary relocation costs
  • Wages and payroll continuity

Who is this type of insurance suitable for?

  • Marine operators
  • Boat repairers
  • Boat dealers
  • Manufacturers
  • Shipwrights
  • Storage and refuelling facilities
Commercial Hull Insurance

Comprehensive protection for commercial vessels, from workboats to charters

If you operate vessels as part of your business, Commercial Hull Insurance can protect against damage to the vessel itself as well as third-party liability from its operation. This is critical cover for marine operators with working craft.

What can it cover?

  • Accidental and malicious damage to the vessel
  • Loss or damage caused by fire, collision, grounding or weather
  • Removal of wreck
  • Third-party liability and passenger cover

Who is this type of insurance suitable for?

  • Commercial charter operators
  • Water taxis & ferries
  • Fishing & aquaculture businesses
  • Dredging, salvage & barge operators

Commercial Legal Expenses

Be Prepared for Unexpected Legal Disputes

Legal challenges can be time-consuming and costly for marine businesses. Our Commercial Legal Expenses insurance provides support and protection for a wide range of common legal issues — from contract disputes to tax audits and lease disagreements.

Key Features

  • Contractual disputes (e.g. supply of goods/services)
  • ATO audits and reviews
  • Statutory licence protection
  • Lease and landlord disputes
  • Restrictive covenant and employment contract claims
  • Damage recovery from third parties
  • Access to general legal advice hotline

Who is this type of insurance suitable for?

  • Marine retailers
  • Trades
  • Clubs
  • Marinas
  • Boatyards
  • Dealerships
  • Manufacturers

Cyber Insurance

Protect your business from cyber threats and data loss

From customer records to payment systems, marine businesses increasingly rely on digital operations — which means greater cyber risk. Cyber Insurance helps cover financial losses and liabilities from data breaches, hacks, or system failures.

Key Features

  • Cover for ransomware, phishing, and email
  • Data breach response and notification costs
  • Business interruption due to cyber events
  • Third-party liability and regulatory fines
  • Access to cyber incident response specialists

Who is this type of insurance suitable for?

  • Any marine business handling customer data, payments or relying on IT systems

Management Liability

Protect your directors, business, and reputation

Even in small marine businesses, directors and managers face significant personal and legal risk. Management Liability Insurance protects your leadership team and the company itself from claims related to governance, regulation, and employee disputes.

Key Features

  • Cover directors' and officers' personal liability
  • Employment practices liability (e.g. unfair dismissal)
  • Regulatory and investigation defence costs
  • Crime cover (e.g. employee theft or fraud)
  • Tax audit and statutory liability cover
  • Defence and settlement costs

Who is this type of insurance suitable for?

  • Marine businesses of any size with directors, shareholders or employees
Marine Combined Liability

Comprehensive Liability Cover for Marine Businesses

Liability exposures in the marine industry go beyond the scope of standard business policies. Our Marine Combined Liability solution merges broadform liability with marina operator and ship repairers liability — all in one comprehensive package.

Key Features

  • Limits up to $50 million
  • Cover for damage to watercraft in your care (no vessel length limit)
  • Pollution liability (sudden & accidental) included
  • Faulty workmanship and statutory liability extensions
  • Covers both marine and non-marine
  • Optional professional advice and errors & ommissions extensions

Who is this type of insurance suitable for?

  • Boat builders
  • Mechanics
  • Marine trades
  • Brokers
  • Marinas
  • Surveyors
  • Yacht and Rowing clubs
  • Contractors
  • Chandlery outlets
  • Repairers
  • Divers
  • Boat yards
  • Marine Suveyors
Marine Commercial Property

Protecting Your Marine Property and Operations

Whether you own or lease commercial property in the marine industry, you need cover that accounts for the specialised assets and operations that standard policies may overlook.

Our Marine Industry Commercial Property insurance is designed for BIAV members and offers protection for buildings, jetties, equipment, and business interruption due to property damage.

Key Features

  • Cover available for buildings, wharves, piles and jetties
  • Business interruption for damage to marine structures
  • Flood and storm surge extensions available
  • Choice of Business Pack or ISR format
  • Flexible cover limits including excess layers

Who is this type of insurance suitable for?

  • Marinas
  • Boat repairers
  • Dealerships
  • Chandlers
  • Marine property owners
  • Yacht and Rowing clubs
  • Private jetties
  • Marine Clubs
  • Fuelling facilities
Marine Infrastructure Insurance

Specialised cover for jetties, pontoons, sea walls, and over-water structures

Marine businesses often rely on purpose-built infrastructure to operate safely and efficiently. These assets face unique risks including storms, impact damage, corrosion, and third-party liability.

What can it cover?

  • Material damage to marine structures
  • Liability arising from use or third-party injury
  • Environmental clean-up costs (optional)
  • Loss of use or hire of facility (optional)

Who is this type of insurance suitable for?

  • Marinas
  • Yacht clubs
  • Commercial boat storage operators
  • Boat yards
  • Shipyards
Marine Transit Insurance

Protect your goods in transit — on land or water

Transporting boats, equipment or marine stock involves real risk — from accidental damage to theft and weather events. Our Marine Transit Insurance helps protect your valuable assets while in transit, whether locally or interstate.

Key Features

  • Cover for owned or customer goods while in transit
  • Protection for single transits or regular freight operations
  • Inland and coastal transit options
  • Includes accidental damage, theft, loading/unloading risks
  • Tailored options for boat dealerships, marine trades, and service providers

Who is this type of insurance suitable for?

  • Boat retailers
  • Marine wholesalers
  • Repairers
  • Transporters
  • Brokers with demo stock

For more information please contact us

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