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Marine Liability Insurance
Comprehensive Marine Third Party Liability Insurance
Under your Pantaenius Marine Third Party Liability Insurance your legal liabilities as an owner are comprehensively covered, with the policy extending to cover the liabilities of anyone else on board your yacht with your permission. This means the legal liabilities of both you and your crew are covered for accidents arising out of your, or your crew’s negligence.
Insure your Boat
Getting a quotation is easy: Find the right insurance cover in just a few simple steps. Simply complete our online enquiry form and we will take care of the rest.
Comprehensive or marine third party insurance only cover options available- Always available in case of a claim
- Many boats can be insured online
Pantaenius Marine Liability Insurance – What Is Included?
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Liability Cover For Everyone
The Pantaenius policy covers your legal liabilities for property damage, death and injury, including the liabilities of your crew.
Water Pollution
Your legal liability for water pollution and environmental damage is covered under your Pantaenius policy.
Watersports (Including Diving)
Your legal liability towards those engaged in watersports from your yacht is covered, and also their and your liability towards anyone in the water.
Skipper Liability
An extension to cover your personal liabilities when you are using a borrowed or chartered yacht.
Request Your Cover From Pantaenius Today
Welcome to the experts: As one of the UK’s leading boat insurance specialists, we provide one of the most comprehensive marine insurance on the market, designed for all types of vessels and circumstances and protecting you from financial risks resulting from various occurences. Discover our flexible and reliable cover and join more than 100,000 boat owners who already rely on our expertise!
Marine Third Party Insurance: Cover for Legal Liabilities
Third Party Liability insurance shouldn’t be confused with Professional Indemnity or Public Liability insurance both of which provide insurance cover if you are a business working with the public, for an example a Marine Surveyor.
In marine insurance, liability is not always easily determined. It is necessary to demonstrate negligence to the extent that a court of law would be able to attribute legal liability. Of course, this does not mean that all claims for liability would or should get to court! But it does mean that, even though someone else’s boat or property may have been damaged, or someone may have been injured, in an accident involving your boat, it may not legally be your liability. Our seasoned insurance experts are happy to advise you in choosing the right form of protection for you and your vessel!
Do I need Third Party Liability Insurance?
Here at Pantaenius we recommend taking out, as a minimum marine third party liability insurance as compensating a third party for injuries or damage can be an expensive business.
You will also find that it is a requirement of many local authorities and marinas that, to use their mooring facilities, you must have a minimum of marine third party liability insurance in place.
Even when in storage in the winter and during transport to the storage location there are risks of third party damage for which you, as the yacht owner, may be held liable. It is therefore important to have a liability policy in force, indeed most yards will insist upon it.
The majority, but by no means all, of insurers include liabilities to third parties in the same policy as the hull insurance. Pantaenius offers a separate Marine Third Party Liability Insurance policy, which can be taken in association with a Hull Insurance policy. Keeping the Third Party Liability Insurance policy separate means that claims on the one policy should not affect the premium or conditions on the other.
Benefits Of This Cover:
Please see our overview of components our marine third party insurance has to offer above. Further benefits include:
- No policy excess (deductible).
- Cover for scuba diving, unless not properly qualified, supervised or if equipment is not serviceable.
- Wreck removal costs, for which are legally liable.
Why not get an insurance quote for your yacht or discuss your insurance requirements with us? The Pantaenius crew is happy to assist!
These questions may help you
What is the purpose of boat liability insurance and why is it important?
Boat liability insurance, specifically boat Third Party Liability Insurance, is designed to protect you from legal and financial responsibilities arising from accidents caused by your boat. This cover ensures that both you and your crew are protected against legal liabilities for injury or damage to other people or property resulting from your boat's operation. It covers the cost of compensating third parties for injuries, damage to other boats or property, and even water pollution. Without this insurance, you could face substantial expenses and legal challenges if an accident occurs, making it crucial for protecting your financial stability and complying with marina and local authority requirements.
What damages are covered by boat liability insurance?
Boat Third Party Liability Insurance covers a range of potential damages, including:
Injury to Others: Covers your Legal liabilities for death or injury.
Property Damage: Costs associated with damage to other boats or property caused by your boat, if legally liable.
Water Pollution: Expenses related to accidental pollution caused by your boat.
Wreck Removal Costs: Costs for removing wreckage if legally required.
Liability during Watersports: Cover for legal liabilities arising from watersports activities and scuba diving, provided participants are properly qualified and equipment is serviceable.
The Pantaenius boat Third Party Liability insurance also extends to cover liabilities of anyone on board with your permission, including guests and unpaid crew members.
Do I need boat liability insurance?
Yes, boat Third Party Liability Insurance is highly recommended for boat owners. It covers the substantial costs associated with compensating third parties for injuries or property damage caused by your boat, which can be financially overwhelming without insurance. Many local authorities and marinas require proof of this insurance to use their facilities. Additionally, even when your boat is in storage or being transported, there are risks of third party damage for which you could be held liable. Pantaenius recommends this insurance as a minimum to protect yourself from significant financial and legal risks.
