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.

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