Commercial Hull insurance

Our Commercial Hull insurance is based on the Institute of London Underwriters’ clauses and covers vessels used for commercial purposes on Australian waters. A plain language policy is also available for most vessels and includes standard cover for:

• Accidental damage
• Theft
• Malicious damage
• Transit damage
• Loss or damage due to war
• Loss or damage to personal and crew property
• Repairers’ negligence
• Damage caused by governmental authority
• Other damage including latent defect and damage due to the negligence of the skipper, master or crew.

Additional benefits include crew accident cover:

• Death – sum of $25,000
• Temporary total disablement – the sum of $250 per week, limited to 100 weeks
• Permanent total disablement – the sum of $25,000.

Third party liability benefits:

• Accidental death or bodily injury to a person other than the owner or crew; accidental damage to other people's property
• Cover for $5 million, $10 million or $20 million.

Optional extensions include:

• Loss of hire/income – resulting from loss or damage caused to the vessel. Limited to $500 per day up to a maximum of $15,000 in the aggregate of any one loss
• Sports, fishing and/or diving equipment – accidental damage or theft of sports, fishing and/or diving equipment up to $2,000 for any one item up to a limit of $20,000
• Passenger liability – accidental death or bodily injury to a passenger while being carried aboard your client’s vessel or accidental damage to their personal effects
• Pollution liability – sudden and accidental pollution cover, including clean-up costs, up to a limit of $500,000.