Ashby's Boatyard
Please
note: To download a PDF document you will need a PDF reader installed
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as Insurance is mandatory to any vessel entering Ashby's Boatyard.
(please bring a copy of your policy with you)
THIRD PARTY LIABILITY INSURANCE FOR COMMERCIAL VESSELS AND PRIVATE PLEASURE CRAFT
THE POLICY
This insurance has been designed to cater for the needs of the vessel owner or operator who does not want or need to insure against the risk of physical damage to the vessel but is concerned about third part risk.
As the owner or operator of a vessel you could, in the event of an accident, become legally liable for expensive damage caused to third party property or for resultant loss of life or bodily injury. As society becomes increasingly litigious and as courts award larger amounts in settlement of third party claims, most vessel owners and operators are coming to regard third party insurance on a vessel as essential as it is for a motor vehicle.
Associated Marine Insurers has responded to the need for third party only liability cover arising out of the use of vessels by producing:
- Commercial Vessels Third Party Liability Clauses
- Private Pleasurecraft Third Party Liability Clauses
to cover (up to the agreed limit) against legal liabilities that may
be incurred and the high legal costs of defending such claims. The Private
Pleasurecraft Clauses apply only to vessels operated without charge for
private pleasure purposes only.
A copy of either clause is available
RISKS COVERED
Cover includes liability for:
- loss or damage to any other vessel or property
- death, personal injury or illness
- wreck removal
- pollution arising from sudden and accidental discharge of the vessel's fuel up to $250,000.00
where such liability arises out of the insured's ownership or operation of the vessel.
PRINCIPAL RISKS EXCLUDED
Liability for or arising from:
- worker's compensation
- vessels whilst engaged in racing
- water skiing, aquaplaning or parasailing
- punitive or exemplary damages
- war and strikes
- nuclear radiation
- asbestos
- contractual agreements
- fines and penalties
Commercial Vessels Only:
- cargo (unless otherwise arranged)
- contractual tows
Private Vessels Only:
- vessels exceeding 50kmh
- damage to property when the vessel is driven whilst under the influence of drugs and/or alcohol
PREMIUM
This is based upon factors including the vessels age, type, size, use, and the proposed navigating area.
SETTLING YOUR CLAIM
Subject to the policy deductible our experienced claims staff will promptly indemnify you for legal liability and costs insured by the policy up to the agreed limit.
IMPORTANT
The information above is an outline of the cover provided. Full details of the cover with all limitations exclusions and conditions are contained in the policy.
The way we handle your personal information:
We collect personal information from you for the purpose of providing you with insurance product services, processing and assessing claims.
You can choose not to provide this information, however, we may not be able to process your requests.
We may disclose information we hold about you to other insurers, an insurance reference service or as required by law. In the even of a claim, we may disclose information to and/or collect additional information about you from investigators or legal advisers.
