First Choice

Commercial Charter Vessels Insurance Program

Business Types
We write the following types of commercial charter vessels:
  • Captain Charter risks
  • Bareboat Charter risks
  • Risks where vessels are used for the entertainment of business clients.
  • Boat Club risks
  • Dive Boat Charter risks (excluding liability to divers while in the water)
  • Demise Charter risks
  • Water Taxi risks (subject to review of full details)
  • Boatel risks (subject to review of full details)

We do not write the following:
  • Risks where vessels are used as ‘workboats’ or for the transportation of employees to/from their place of work.
  • Risks where vessels are used for commercial fishing.
  • Risks where vessels are used to transport goods and materials (cargo risks).
  • Risks where the primary function is not of a recreational or leisure type activity.
  • Risks where the vessel is undertaking scientific research (other than voluntary).
  • Jet Skis
Options include:  
  • Fleet Accounts: we specialize in charter activities. The fleet must be at least five vessels and would be written under one policy with common expiration date.
  • Flexible Passenger Coverage: we offer coverage for passengers of any reasonable number (subject to review of full details)./li>
  • Crew Coverage: we offer coverage to paid crew of the insured; crew coverage is offered on a full-time basis./li>
  • Coverage is available for Loss of Yacht Charter Hire, subject to the appropriate endorsement and an additional premium./li>
  • Replacement Tender Coverage: the cost of hiring a replacement tender is available should a tender be lost and detailed within the Policy Schedule./li>
  • Limited Chartering: we offer a reduced rate where a charter vessel does not undertake more than twelve one-week charters (max 90 days) during the policy period.

Limits of Coverage
We offer a wide range of different types of coverage and limits of coverage
  • Third Party Liability: limits of coverage available range from $100,000 to $10,000,000; limits in excess of $1,000,000 may be subject to approval.
  • Hull Coverage: limits of coverage available up to $3,000,000.
  • Personal Effects: limits of coverage available up to $25,000 (subject to review).
  • Medical Payments: limits of coverage available up to $50,000.
  • Coverage for vessel tenders and trailers is available, where the tender or trailer is used in conjunction with and stored onboard the vessel covered. High-valued tenders must be written on an individual policy. Jet Ski’s cannot be covered as tenders under commercial risks.
  • Uninsured Boater: limits of coverage are equal to the hull value of the vessel or $100,000, whichever is greatest amount - included as standard with no charge.
  • Non-Emergency Towing: limits of coverage are available up to $2,500.

For submission please send completed Marine Application to

Not appointed with First Choice?

Please send Producer Agreement with copy of your W-9, state license and E&O to

Thanks from your friends at First Choice