Tim Wiles, CEO of Club Marine, highlighted the importance of this development, stating, "We understand the unique risks of operating a boating business. We also see the common synergies between passenger-carrying commercial and recreational boats, which is where our strength lies." This initiative reflects Club Marine's commitment to addressing the evolving needs of the marine industry by offering tailored insurance solutions.
The revamped commercial boat insurance is designed to cater to a diverse range of maritime businesses, including:
- Skippered and bareboat charters
- Dive and fishing charters
- Sail training programs
- Club fleets
- Dealer stock vessels
- Boat demonstrations
- Brokerage tenders
- Licence training
- Boats under construction
By expanding its reach into the commercial sector, Club Marine aims to provide robust protection for businesses operating in the marine environment. The enhanced policies offer benefits such as comprehensive coverage options, competitive premiums, and access to a nationwide network of independent insurance brokers.
For boat owners and operators, understanding the nuances of commercial boat insurance is crucial. Policies are tailored to address specific risks associated with commercial activities, including liability coverage for passengers, protection against damage or loss, and coverage for equipment and machinery. Club Marine's initiative simplifies the process of obtaining suitable insurance, ensuring that businesses can operate with confidence and security.
In conclusion, Club Marine's enhancement of its commercial boat insurance offerings represents a significant advancement in the Australian marine insurance landscape. By aligning commercial policies with recreational ones, the company provides a seamless and comprehensive solution for boat owners and operators, reinforcing its position as a trusted partner in the marine industry.
